Hussman Strategic Advisors Inc. Purchases New Position in Donaldson Company, Inc. (NYSE:DCI)

Hussman Strategic Advisors Inc. purchased a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,400 shares of the industrial products company’s stock, valued at approximately $566,000.

A number of other hedge funds also recently bought and sold shares of the business. CIBC Asset Management Inc increased its holdings in Donaldson by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company’s stock valued at $252,000 after purchasing an additional 187 shares during the period. Claro Advisors LLC increased its holdings in Donaldson by 2.0% during the 3rd quarter. Claro Advisors LLC now owns 10,242 shares of the industrial products company’s stock valued at $755,000 after purchasing an additional 203 shares during the period. GAMMA Investing LLC increased its holdings in Donaldson by 28.7% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 206 shares during the period. Hancock Whitney Corp increased its holdings in Donaldson by 1.2% during the 3rd quarter. Hancock Whitney Corp now owns 18,960 shares of the industrial products company’s stock valued at $1,397,000 after purchasing an additional 219 shares during the period. Finally, Signal Advisors Wealth LLC increased its holdings in Donaldson by 5.6% during the 4th quarter. Signal Advisors Wealth LLC now owns 4,709 shares of the industrial products company’s stock valued at $317,000 after purchasing an additional 249 shares during the period. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 16th. Robert W. Baird lifted their price objective on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley lifted their price objective on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Donaldson presently has an average rating of “Hold” and a consensus price target of $74.00.

Insider Activity at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. This represents a 34.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by insiders.

Donaldson Stock Performance

Shares of DCI opened at $69.36 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average price is $69.42 and its 200-day moving average price is $72.23. Donaldson Company, Inc. has a 52 week low of $65.99 and a 52 week high of $78.95. The stock has a market cap of $8.28 billion, a P/E ratio of 20.16, a P/E/G ratio of 1.82 and a beta of 1.06.

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

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be given a $0.27 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.56%. Donaldson’s dividend payout ratio is currently 31.40%.

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.