Handelsbanken Fonder AB Has $2.32 Million Position in Donaldson Company, Inc. (NYSE:DCI)

Handelsbanken Fonder AB raised its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,432 shares of the industrial products company’s stock after purchasing an additional 1,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in Donaldson were worth $2,319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new stake in Donaldson during the 3rd quarter worth approximately $41,000. Venturi Wealth Management LLC increased its position in Donaldson by 89.6% during the 4th 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 period. GAMMA Investing LLC lifted its holdings in shares of Donaldson by 28.7% during 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 in the last quarter. Kentucky Trust Co bought a new stake in shares of Donaldson in the fourth quarter valued at about $105,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Donaldson by 38.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,066 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 571 shares in the last quarter. 82.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DCI shares. Robert W. Baird boosted their price objective on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Monday. Finally, Morgan Stanley raised their price objective on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $74.00.

Donaldson Price Performance

Shares of NYSE:DCI opened at $68.55 on Tuesday. The firm has a 50 day moving average of $69.29 and a 200-day moving average of $72.21. Donaldson Company, Inc. has a 12 month low of $66.01 and a 12 month 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. The stock has a market capitalization of $8.19 billion, a PE ratio of 19.93, a PEG ratio of 1.82 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 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. The business had revenue of $900.10 million during the quarter, compared to the consensus estimate of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 earnings per share. On average, equities research analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, February 13th. Donaldson’s dividend payout ratio (DPR) is presently 31.40%.

Insider Buying and Selling at Donaldson

In other news, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the sale, the director now directly owns 26,420 shares in the company, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.

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.