Quadrature Capital Ltd raised its stake in shares of Donaldson Company, Inc. (NYSE:DCI – Get Rating) by 11.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,957 shares of the industrial products company’s stock after buying an additional 902 shares during the quarter. Quadrature Capital Ltd’s holdings in Donaldson were worth $439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of DCI. EverSource Wealth Advisors LLC purchased a new position in Donaldson during the third quarter valued at $27,000. Adirondack Trust Co. bought a new stake in shares of Donaldson in the third quarter worth about $39,000. Wipfli Financial Advisors LLC bought a new stake in shares of Donaldson in the third quarter worth about $58,000. IFP Advisors Inc lifted its position in shares of Donaldson by 22.3% in the third quarter. IFP Advisors Inc now owns 1,597 shares of the industrial products company’s stock worth $74,000 after buying an additional 291 shares in the last quarter. Finally, CWM LLC grew its holdings in Donaldson by 22.4% during the 3rd quarter. CWM LLC now owns 1,710 shares of the industrial products company’s stock valued at $84,000 after buying an additional 313 shares in the last quarter. Institutional investors own 80.10% of the company’s stock.
Insider Transactions at Donaldson
In related news, Director James Owens sold 10,800 shares of the company’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $66.08, for a total transaction of $713,664.00. Following the transaction, the director now directly owns 14,378 shares in the company, valued at approximately $950,098.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Donaldson news, Director Ajita G. Rajendra sold 6,912 shares of the stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $60.39, for a total value of $417,415.68. Following the sale, the director now owns 38,806 shares in the company, valued at $2,343,494.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James Owens sold 10,800 shares of Donaldson stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $66.08, for a total value of $713,664.00. Following the sale, the director now owns 14,378 shares of the company’s stock, valued at $950,098.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,212 shares of company stock worth $1,405,580. 2.77% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Donaldson Trading Down 2.0 %
Shares of NYSE DCI opened at $64.10 on Friday. Donaldson Company, Inc. has a 1-year low of $46.00 and a 1-year high of $66.96. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.33 and a quick ratio of 1.46. The business’s 50 day moving average is $62.51 and its two-hundred day moving average is $58.05. The stock has a market capitalization of $7.77 billion, a P/E ratio of 22.26, a PEG ratio of 2.05 and a beta of 1.21.
Donaldson (NYSE:DCI – Get Rating) last released its earnings results on Wednesday, March 8th. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. Donaldson had a return on equity of 32.35% and a net margin of 10.45%. The firm had revenue of $828.30 million for the quarter, compared to the consensus estimate of $838.29 million. During the same quarter in the previous year, the company posted $0.57 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, research analysts expect that Donaldson Company, Inc. will post 3.05 EPS for the current year.
Donaldson Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, February 27th. Stockholders of record on Friday, February 10th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Thursday, February 9th. Donaldson’s dividend payout ratio is currently 31.94%.
Donaldson Profile
Donaldson Co, Inc engages in the manufacture of filtration systems and replacement parts. It operates through the following segments: Engine Products and Industrial Products. The Engine Products segment includes replacement filters for both air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.
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