Jensen Investment Management Inc. Purchases 10,070 Shares of Donaldson Company, Inc. (NYSE:DCI)

Jensen Investment Management Inc. grew its position in Donaldson Company, Inc. (NYSE:DCI) by 15.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,110 shares of the industrial products company’s stock after acquiring an additional 10,070 shares during the quarter. Jensen Investment Management Inc. owned 0.06% of Donaldson worth $5,193,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. lifted its position in shares of Donaldson by 2.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company’s stock worth $220,380,000 after buying an additional 73,234 shares during the period. Geode Capital Management LLC lifted its position in shares of Donaldson by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock worth $180,522,000 after buying an additional 118,156 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Donaldson by 7.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,267,274 shares of the industrial products company’s stock worth $85,351,000 after buying an additional 92,624 shares during the period. Scharf Investments LLC bought a new position in shares of Donaldson during the 4th quarter worth approximately $61,697,000. Finally, Mcdaniel Terry & Co. lifted its position in shares of Donaldson by 9.4% during the 4th quarter. Mcdaniel Terry & Co. now owns 561,818 shares of the industrial products company’s stock worth $37,838,000 after buying an additional 48,485 shares during the period. Institutional investors own 82.81% of the company’s stock.

Donaldson Trading Up 2.2 %

Shares of DCI opened at $68.51 on Monday. The stock has a fifty day moving average price of $69.48 and a two-hundred day moving average price of $71.78. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.82 and a beta of 1.04. Donaldson Company, Inc. has a 52-week low of $65.10 and a 52-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.

Donaldson (NYSE:DCI) last released 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 firm had revenue of $870.00 million during the quarter, compared to analyst estimates of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were paid a $0.27 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.58%. Donaldson’s dividend payout ratio (DPR) is currently 31.58%.

Insider Activity

In related news, President Thomas R. Scalf sold 29,500 shares of Donaldson stock in a transaction on Friday, February 28th. The stock was sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the completion of the sale, the president now directly owns 28,334 shares of the company’s stock, valued at $1,951,929.26. The trade was a 51.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Trudy A. Rautio sold 14,000 shares of Donaldson 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on DCI. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus 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.