Entropy Technologies LP Buys 12,119 Shares of Donaldson Company, Inc. (NYSE:DCI)

Entropy Technologies LP raised its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 171.9% during the 4th quarter, HoldingsChannel reports. The firm owned 19,170 shares of the industrial products company’s stock after purchasing an additional 12,119 shares during the quarter. Entropy Technologies LP’s holdings in Donaldson were worth $1,291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Truist Financial Corp lifted its position in shares of Donaldson by 16.4% during the 2nd quarter. Truist Financial Corp now owns 5,697 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 804 shares during the last quarter. GAMMA Investing LLC increased its position in Donaldson by 72.0% in the 3rd quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock worth $53,000 after buying an additional 301 shares during the period. CWM LLC lifted its holdings in shares of Donaldson by 24.6% during the third quarter. CWM LLC now owns 7,483 shares of the industrial products company’s stock worth $551,000 after buying an additional 1,477 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Donaldson by 359.2% in the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 273 shares during the period. Finally, Willis Investment Counsel grew its stake in shares of Donaldson by 5.1% in the third quarter. Willis Investment Counsel now owns 18,344 shares of the industrial products company’s stock worth $1,352,000 after acquiring an additional 886 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Morgan Stanley upped their price objective on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. Finally, Robert W. Baird lifted their target price on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $74.00.

Donaldson Stock Up 0.4 %

DCI opened at $70.44 on Tuesday. The company has a market capitalization of $8.41 billion, a P/E ratio of 20.48, a P/E/G ratio of 1.85 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The firm’s fifty day moving average price is $69.95 and its two-hundred day moving average price is $72.46. Donaldson Company, Inc. has a fifty-two week low of $65.60 and a fifty-two week high of $78.95.

Donaldson (NYSE:DCI) last issued its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The business had revenue of $900.10 million for the quarter, compared to analyst estimates of $888.88 million. During the same period in the previous year, the business earned $0.75 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. On average, analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.53%. Donaldson’s dividend payout ratio (DPR) is presently 31.40%.

Insider Activity at Donaldson

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the transaction, the director now directly owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by insiders.

Donaldson Company Profile

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.