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

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

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in 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 acquiring an additional 73,234 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Donaldson by 5.1% during the third quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock worth $180,522,000 after purchasing an additional 118,156 shares during the period. Scharf Investments LLC bought a new stake in shares of Donaldson in the fourth quarter worth $61,697,000. Mcdaniel Terry & Co. increased its holdings in Donaldson by 9.4% in the fourth quarter. Mcdaniel Terry & Co. now owns 561,818 shares of the industrial products company’s stock valued at $37,838,000 after purchasing an additional 48,485 shares during the period. Finally, JPMorgan Chase & Co. raised its position in 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 purchasing an additional 23,758 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Donaldson Price Performance

Shares of NYSE DCI opened at $68.55 on Tuesday. The firm has a market capitalization of $8.19 billion, a P/E ratio of 19.93, a P/E/G ratio of 1.82 and a beta of 1.06. The firm’s 50-day moving average price is $69.29 and its 200-day moving average price is $72.21. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 1-year low of $66.01 and a 1-year high of $78.95.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business had revenue of $900.10 million for the quarter, compared to the consensus estimate of $888.88 million. During the same period in the prior year, the business earned $0.75 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

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

Insiders Place Their Bets

In other news, 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.70% of the company’s stock.

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.