Point72 DIFC Ltd Buys 3,834 Shares of Donaldson Company, Inc. (NYSE:DCI)

Point72 DIFC Ltd raised its stake in Donaldson Company, Inc. (NYSE:DCI) by 54.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,920 shares of the industrial products company’s stock after acquiring an additional 3,834 shares during the period. Point72 DIFC Ltd’s holdings in Donaldson were worth $781,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Wealthspire Advisors LLC raised its holdings in Donaldson by 2.8% during the 1st quarter. Wealthspire Advisors LLC now owns 5,106 shares of the industrial products company’s stock valued at $381,000 after buying an additional 140 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Donaldson by 1.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,364 shares of the industrial products company’s stock worth $813,000 after buying an additional 146 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Donaldson by 31.6% during the first quarter. EverSource Wealth Advisors LLC now owns 766 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 184 shares in the last quarter. Oak Family Advisors LLC boosted its position in shares of Donaldson by 4.3% in the 2nd quarter. Oak Family Advisors LLC now owns 4,742 shares of the industrial products company’s stock worth $339,000 after purchasing an additional 197 shares in the last quarter. Finally, SkyOak Wealth LLC increased its position in Donaldson by 5.3% during the 1st quarter. SkyOak Wealth LLC now owns 4,561 shares of the industrial products company’s stock valued at $341,000 after buying an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Donaldson Price Performance

Shares of NYSE:DCI opened at $72.54 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 1.91 and a beta of 1.05. The business has a 50-day simple moving average of $72.40 and a two-hundred day simple moving average of $72.90. Donaldson Company, Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $78.03.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The firm had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $941.12 million. On average, analysts expect that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 13th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, August 13th. Donaldson’s dividend payout ratio (DPR) is 33.44%.

Insider Activity at Donaldson

In other Donaldson news, CFO Scott J. Robinson sold 37,600 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total transaction 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 approximately $2,675,710.94. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Scott J. Robinson sold 37,600 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 37,702 shares in the company, valued at $2,675,710.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Owens sold 5,210 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total value of $373,765.40. Following the transaction, 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. In the last 90 days, insiders have sold 112,310 shares of company stock valued at $8,092,999. 2.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DCI shares. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a report on Friday, September 20th. Raymond James began coverage on shares of Donaldson in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. Robert W. Baird reduced their price objective on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Finally, Stifel Nicolaus dropped their target price on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $69.67.

Donaldson 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.