Hussman Strategic Advisors Inc. Takes Position in Donaldson Company, Inc. (NYSE:DCI)

Hussman Strategic Advisors Inc. purchased a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,400 shares of the industrial products company’s stock, valued at approximately $566,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DCI. Capital Performance Advisors LLP bought a new position in shares of Donaldson during the 3rd quarter valued at $41,000. Venturi Wealth Management LLC raised its holdings in Donaldson by 89.6% in the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 369 shares during the period. GAMMA Investing LLC raised its holdings in Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 206 shares during the period. Kentucky Trust Co bought a new position in Donaldson in the 4th quarter worth $105,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in Donaldson by 38.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,066 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 571 shares during the period. 82.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DCI shares. Morgan Stanley raised their target price on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, December 4th. Robert W. Baird raised their target price on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Finally, StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Donaldson currently has a consensus rating of “Hold” and an average price target of $74.00.

Insider Activity

In other news, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was 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 owns 26,420 shares in the company, valued at $1,785,992. This trade represents a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.

Donaldson Price Performance

NYSE:DCI opened at $69.36 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The business’s 50-day simple moving average is $69.42 and its two-hundred day simple moving average is $72.23. The stock has a market cap of $8.28 billion, a PE ratio of 20.16, a P/E/G ratio of 1.82 and a beta of 1.06. Donaldson Company, Inc. has a 52 week low of $65.99 and a 52 week high of $78.95.

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

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.56%. Donaldson’s payout ratio is 31.40%.

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.