Donaldson Company, Inc. (NYSE:DCI) Shares Bought by Headlands Technologies LLC

Headlands Technologies LLC boosted its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 729.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,249 shares of the industrial products company’s stock after buying an additional 1,978 shares during the quarter. Headlands Technologies LLC’s holdings in Donaldson were worth $151,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Norges Bank purchased a new position in shares of Donaldson during the 4th quarter worth approximately $65,828,000. Scharf Investments LLC purchased a new position in shares of Donaldson during the fourth quarter worth $61,697,000. Dudley & Shanley Inc. grew its stake in shares of Donaldson by 5,118.4% in the fourth quarter. Dudley & Shanley Inc. now owns 268,750 shares of the industrial products company’s stock valued at $18,100,000 after buying an additional 263,600 shares in the last quarter. Swedbank AB purchased a new stake in shares of Donaldson in the 4th quarter valued at $17,471,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Donaldson in the 4th quarter valued at $13,865,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Trading Down 4.5 %

Shares of NYSE:DCI opened at $60.83 on Friday. The company has a market cap of $7.27 billion, a PE ratio of 17.68, a P/E/G ratio of 1.82 and a beta of 1.01. The company’s 50 day moving average is $68.85 and its two-hundred day moving average is $71.40. Donaldson Company, Inc. has a 52 week low of $59.95 and a 52 week high of $78.95. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35.

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

Donaldson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Thursday, February 13th. Donaldson’s dividend payout ratio (DPR) is 31.58%.

Insider Buying and Selling at Donaldson

In other news, President Thomas R. Scalf sold 29,500 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $68.89, for a total value of $2,032,255.00. Following the completion of the transaction, the president now owns 28,334 shares in the company, valued at approximately $1,951,929.26. This represents a 51.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.