Renaissance Technologies LLC Grows Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Renaissance Technologies LLC grew its holdings in Donaldson Company, Inc. (NYSE:DCI) by 13.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,100 shares of the industrial products company’s stock after buying an additional 13,800 shares during the period. Renaissance Technologies LLC owned approximately 0.10% of Donaldson worth $8,380,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Park Place Capital Corp purchased a new position in Donaldson in the first quarter worth about $27,000. YHB Investment Advisors Inc. purchased a new position in shares of Donaldson in the 1st quarter worth approximately $32,000. Mather Group LLC. increased its position in shares of Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 404 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Donaldson by 1,372.2% during the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 494 shares during the last quarter. Finally, Riverview Trust Co purchased a new stake in Donaldson during the 1st quarter valued at $46,000. 82.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DCI has been the topic of a number of analyst reports. Stifel Nicolaus cut their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. Robert W. Baird cut their price target on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Raymond James began coverage on shares of Donaldson in a research note on Friday, June 28th. They issued a “market perform” rating for the company. Finally, StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Donaldson presently has an average rating of “Hold” and an average price target of $69.67.

Donaldson Trading Up 1.1 %

NYSE DCI opened at $73.47 on Wednesday. The stock has a market cap of $8.85 billion, a PE ratio of 22.75, a PEG ratio of 1.84 and a beta of 1.05. Donaldson Company, Inc. has a 12 month low of $57.05 and a 12 month high of $78.03. The company’s 50-day moving average price is $72.43 and its 200-day moving average price is $72.90. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI) last issued its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $935.40 million for the quarter, compared to the consensus estimate of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. Equities research analysts forecast that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Tuesday, August 13th. Donaldson’s payout ratio is 33.44%.

Insider Activity

In related news, CFO Scott J. Robinson sold 37,600 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total value of $2,668,472.00. Following the completion of the sale, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at $2,675,710.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Scott J. Robinson sold 37,600 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total value of $2,668,472.00. Following the completion of the transaction, the chief financial officer now owns 37,702 shares of the company’s stock, valued at $2,675,710.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Owens sold 5,210 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the sale, the director now owns 17,788 shares of the company’s stock, valued at approximately $1,276,111.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 112,310 shares of company stock worth $8,092,999. Company insiders own 2.58% 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.