Headlands Technologies LLC Boosts Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Headlands Technologies LLC increased its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 729.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,249 shares of the industrial products company’s stock after buying an additional 1,978 shares during the period. Headlands Technologies LLC’s holdings in Donaldson were worth $151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its holdings in Donaldson by 43.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 180 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Donaldson by 89.6% during the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 369 shares during the last quarter. GAMMA Investing LLC lifted its stake in Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after buying an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Donaldson by 45.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock worth $77,000 after buying an additional 353 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in Donaldson by 61.9% during the 4th quarter. National Bank of Canada FI now owns 1,206 shares of the industrial products company’s stock worth $81,000 after buying an additional 461 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Down 4.5 %

DCI stock opened at $60.83 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average of $68.85 and a two-hundred day moving average of $71.40. Donaldson Company, Inc. has a 12 month low of $59.95 and a 12 month high of $78.95. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The company had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. As a group, analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson’s payout ratio is currently 31.58%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $74.00.

Insider Buying and Selling at Donaldson

In other news, President Thomas R. Scalf sold 28,500 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the sale, the president now owns 28,334 shares in the company, valued at $1,961,279.48. This trade represents a 50.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.