Naples Global Advisors LLC Has $1.02 Million Stake in Donaldson Company, Inc. (NYSE:DCI)

Naples Global Advisors LLC grew its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 100.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,068 shares of the industrial products company’s stock after buying an additional 7,556 shares during the period. Naples Global Advisors LLC’s holdings in Donaldson were worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of DCI. Granite Bay Wealth Management LLC bought a new position in Donaldson during the 4th quarter worth approximately $943,000. JPMorgan Chase & Co. boosted its position in shares of Donaldson by 5.7% during the third 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 in the last quarter. Jensen Investment Management Inc. boosted its position in shares of Donaldson by 18.1% during the third quarter. Jensen Investment Management Inc. now owns 67,040 shares of the industrial products company’s stock worth $4,941,000 after purchasing an additional 10,280 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after buying an additional 206 shares during the period. Finally, Private Advisor Group LLC raised its stake in Donaldson by 7.3% during the 3rd quarter. Private Advisor Group LLC now owns 28,877 shares of the industrial products company’s stock worth $2,128,000 after buying an additional 1,974 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DCI shares. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 8th. Robert W. Baird boosted their price objective on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley raised their target price on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Donaldson presently has an average rating of “Hold” and a consensus price target of $74.00.

Donaldson Stock Performance

Shares of Donaldson stock opened at $70.18 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06. Donaldson Company, Inc. has a one year low of $65.91 and a one year high of $78.95. The stock’s 50-day moving average is $69.79 and its 200-day moving average is $72.40.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $888.88 million. During the same period last year, the company earned $0.75 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. Equities analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, February 13th. Donaldson’s payout ratio is 31.40%.

Insider Activity at Donaldson

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction that occurred on 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.