GAMMA Investing LLC Boosts Position in Donaldson Company, Inc. (NYSE:DCI)

GAMMA Investing LLC raised its position in Donaldson Company, Inc. (NYSE:DCI) by 162.5% during the 1st quarter, Holdings Channel reports. The firm owned 2,428 shares of the industrial products company’s stock after acquiring an additional 1,503 shares during the quarter. GAMMA Investing LLC’s holdings in Donaldson were worth $163,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DCI. Vanguard Group Inc. raised its position in shares of Donaldson by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company’s stock worth $856,509,000 after purchasing an additional 33,139 shares during the last quarter. FMR LLC increased its position in Donaldson by 6.2% during the fourth quarter. FMR LLC now owns 3,994,275 shares of the industrial products company’s stock worth $269,014,000 after buying an additional 231,424 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Donaldson by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 2,520,586 shares of the industrial products company’s stock worth $169,804,000 after acquiring an additional 71,707 shares during the last quarter. Fiduciary Management Inc. WI raised its holdings in shares of Donaldson by 19.9% in the fourth quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company’s stock worth $148,795,000 after acquiring an additional 367,383 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Donaldson by 8.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,615,481 shares of the industrial products company’s stock valued at $108,804,000 after acquiring an additional 129,189 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

DCI has been the topic of a number of recent research reports. Morgan Stanley restated an “underweight” rating and issued a $69.00 target price (up from $65.00) on shares of Donaldson in a report on Friday, June 6th. Stifel Nicolaus reduced their price objective on shares of Donaldson from $70.00 to $63.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Robert W. Baird boosted their price target on Donaldson from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Finally, Wall Street Zen lowered Donaldson from a “buy” rating to a “hold” rating in a research note on Saturday.

Donaldson Stock Up 0.1%

Shares of NYSE:DCI opened at $71.26 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 1.85 and a beta of 0.98. The stock’s 50-day moving average price is $69.01 and its two-hundred day moving average price is $68.16. Donaldson Company, Inc. has a 12-month low of $57.45 and a 12-month high of $78.95.

Donaldson (NYSE:DCI) last released its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The business had revenue of $940.10 million for the quarter, compared to analysts’ expectations of $936.02 million. During the same period last year, the company earned $0.92 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. On average, research analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, June 16th. This is a boost from Donaldson’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.68%. Donaldson’s payout ratio is currently 40.27%.

Insider Activity

In related news, Director James Owens sold 18,700 shares of the stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the transaction, the director directly owned 20,246 shares of the company’s stock, valued at approximately $1,255,656.92. This trade represents a 48.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.70% of the stock is owned by corporate insiders.

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.