JPMorgan Chase & Co. Buys 23,758 Shares of Donaldson Company, Inc. (NYSE:DCI)

JPMorgan Chase & Co. boosted its holdings in Donaldson Company, Inc. (NYSE:DCI) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 439,538 shares of the industrial products company’s stock after purchasing an additional 23,758 shares during the quarter. JPMorgan Chase & Co.’s holdings in Donaldson were worth $32,394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DCI. Los Angeles Capital Management LLC bought a new position in shares of Donaldson in the second quarter valued at approximately $14,288,000. Jupiter Asset Management Ltd. raised its position in shares of Donaldson by 91.4% in the second quarter. Jupiter Asset Management Ltd. now owns 370,756 shares of the industrial products company’s stock worth $26,531,000 after buying an additional 177,078 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Donaldson by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock valued at $93,770,000 after purchasing an additional 153,342 shares in the last quarter. Algert Global LLC grew its position in Donaldson by 1,554.0% in the second quarter. Algert Global LLC now owns 146,346 shares of the industrial products company’s stock worth $10,473,000 after acquiring an additional 137,498 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Donaldson by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock valued at $180,522,000 after purchasing an additional 118,156 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on DCI shares. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Morgan Stanley raised their price objective on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, December 4th. Finally, Robert W. Baird lifted their price target on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Donaldson presently has an average rating of “Hold” and a consensus target price of $74.00.

Donaldson Stock Down 1.0 %

Shares of NYSE:DCI opened at $67.56 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $73.16 and a two-hundred day simple moving average of $72.81. Donaldson Company, Inc. has a 12-month low of $61.79 and a 12-month high of $78.95. The stock has a market capitalization of $8.07 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 1.90 and a beta of 1.06.

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

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Monday, December 9th. Donaldson’s dividend payout ratio (DPR) is currently 31.40%.

Insider Buying and Selling

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total value of $946,400.00. Following the completion of the transaction, the director now owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas R. Scalf sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total transaction of $182,900.00. Following the sale, the president now directly owns 28,334 shares in the company, valued at approximately $2,072,915.44. The trade was a 8.11 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is owned by company 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.