Kestra Investment Management LLC Invests $415,000 in Donaldson Company, Inc. (NYSE:DCI)

Kestra Investment Management LLC bought a new position in shares of Donaldson Company, Inc. (NYSE:DCI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,163 shares of the industrial products company’s stock, valued at approximately $415,000.

Several other institutional investors also recently bought and sold shares of DCI. Capital Performance Advisors LLP bought a new position in shares of Donaldson during the 3rd quarter valued at about $41,000. Venturi Wealth Management LLC lifted its position 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 in the last quarter. GAMMA Investing LLC boosted its stake in Donaldson by 28.7% during the fourth 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 during the last quarter. Kentucky Trust Co purchased a new position in Donaldson during the 4th quarter valued at approximately $105,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in Donaldson by 38.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,066 shares of the industrial products company’s stock worth $152,000 after acquiring an additional 571 shares during the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Donaldson

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

Donaldson Stock Performance

NYSE:DCI opened at $69.53 on Thursday. Donaldson Company, Inc. has a fifty-two week low of $65.91 and a fifty-two week high of $78.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The stock’s fifty day moving average is $69.49 and its 200 day moving average is $72.25. The firm has a market capitalization of $8.30 billion, a PE ratio of 20.21, a PEG ratio of 1.80 and a beta of 1.06.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $888.88 million. During the same quarter last year, the firm earned $0.75 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be issued a dividend of $0.27 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.55%. Donaldson’s payout ratio is 31.40%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Morgan Stanley increased 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 boosted their target price on shares of Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.