4,818 Shares in Donaldson Company, Inc. (NYSE:DCI) Bought by NEOS Investment Management LLC

NEOS Investment Management LLC acquired 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 SEC. The institutional investor acquired 4,818 shares of the industrial products company’s stock, valued at approximately $324,000.

Several other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc increased its stake in shares of Donaldson by 94.5% during the fourth quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company’s stock worth $185,000 after acquiring an additional 1,334 shares during the period. Granite Bay Wealth Management LLC acquired a new position in Donaldson during the 4th quarter worth approximately $943,000. JPMorgan Chase & Co. raised its stake in shares of Donaldson by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock worth $32,394,000 after buying an additional 23,758 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Donaldson by 28.7% in the 4th 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 period. Finally, Radnor Capital Management LLC boosted its stake in shares of Donaldson by 21.4% in the fourth quarter. Radnor Capital Management LLC now owns 69,820 shares of the industrial products company’s stock valued at $4,702,000 after buying an additional 12,315 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Trading Up 0.0 %

Shares of DCI stock opened at $67.08 on Tuesday. The stock has a market cap of $8.02 billion, a P/E ratio of 19.50, a P/E/G ratio of 1.82 and a beta of 1.04. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $78.95. The business has a fifty day simple moving average of $69.39 and a 200-day simple moving average of $71.57.

Donaldson (NYSE:DCI) last posted 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). The business had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. On average, analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson’s dividend payout ratio (DPR) is presently 31.58%.

Analyst Upgrades and Downgrades

DCI has been the subject of a number of recent analyst reports. Robert W. Baird raised their target price on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Morgan Stanley raised their price objective on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research note on Wednesday, December 4th. Finally, StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. One research 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $74.00.

Insiders Place Their Bets

In related news, President Thomas R. Scalf sold 28,500 shares of Donaldson stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the sale, the president now owns 28,334 shares in the company, valued at approximately $1,961,279.48. This trade represents a 50.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Trudy A. Rautio sold 14,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the transaction, the director now directly owns 26,420 shares of the company’s stock, valued at $1,785,992. The trade was a 34.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,000 shares of company stock valued at $4,951,425. Corporate 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.