Jones Financial Companies Lllp Boosts Holdings in Donaldson Company, Inc. (NYSE:DCI)

Jones Financial Companies Lllp grew its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 84.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,786 shares of the industrial products company's stock after purchasing an additional 6,308 shares during the period. Jones Financial Companies Lllp's holdings in Donaldson were worth $928,000 as of its most recent SEC filing.

• Analysts Have "Buy" Rating On This Mid-Cap Dividend Achiever

Other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in shares of Donaldson during the third quarter valued at approximately $41,000. Smartleaf Asset Management LLC increased its stake in shares of Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock worth $40,000 after buying an additional 180 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Donaldson by 89.6% in the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock worth $53,000 after buying an additional 369 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock worth $62,000 after buying an additional 206 shares during the last quarter. Finally, Kentucky Trust Co bought a new stake in shares of Donaldson in the fourth quarter worth $105,000. Hedge funds and other institutional investors own 82.81% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DCI. Robert W. Baird lifted their price target on shares of Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. StockNews.com lowered shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Finally, Morgan Stanley lifted their price target on shares of Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $74.00.

Read Our Latest Stock Report on Donaldson

Insider Activity

In other news, President Thomas R. Scalf sold 29,500 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the completion of the transaction, the president now owns 28,334 shares of the company's stock, valued at approximately $1,951,929.26. The trade was a 51.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Trudy A. Rautio sold 14,000 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following 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 position. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company's stock.

Donaldson Stock Up 0.6 %

DCI stock opened at $69.84 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. Donaldson Company, Inc. has a 1-year low of $65.10 and a 1-year high of $78.95. The firm has a fifty day moving average price of $69.38 and a two-hundred day moving average price of $71.99. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.82 and a beta of 1.04.

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

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson's dividend payout ratio (DPR) is 31.58%.

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.

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