MGO One Seven LLC Boosts Holdings in Donaldson Company, Inc. (NYSE:DCI)

MGO One Seven LLC boosted its position in Donaldson Company, Inc. (NYSE:DCI) by 155.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,988 shares of the industrial products company’s stock after purchasing an additional 4,856 shares during the period. MGO One Seven LLC’s holdings in Donaldson were worth $538,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in Donaldson by 43.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 180 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Donaldson by 89.6% in the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 369 shares during the period. GAMMA Investing LLC grew its position in shares of Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Donaldson by 45.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock valued at $77,000 after buying an additional 353 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Donaldson by 61.9% in the fourth quarter. National Bank of Canada FI now owns 1,206 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 461 shares during the period. 82.81% of the stock is currently owned by institutional investors.

Donaldson Trading Down 0.3 %

DCI stock opened at $65.57 on Monday. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $78.95. The company has a market capitalization of $7.84 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. The company’s 50 day moving average price is $66.31 and its two-hundred day moving average price is $70.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business had revenue of $870.00 million during the quarter, compared to the consensus estimate of $908.32 million. As a group, 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 declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were given a dividend of $0.27 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.08 annualized dividend and a yield of 1.65%. Donaldson’s payout ratio is 31.58%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DCI shares. StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Stifel Nicolaus lowered their price objective on shares of Donaldson from $70.00 to $63.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $71.33.

Insiders Place Their Bets

In other news, President Thomas R. Scalf sold 29,500 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the completion of the transaction, the president now directly owns 28,334 shares of the company’s stock, valued at approximately $1,951,929.26. This represents a 51.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James Owens sold 18,700 shares of the stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the sale, the director now owns 20,246 shares of the company’s stock, valued at approximately $1,255,656.92. This represents a 48.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,700 shares of company stock valued at $5,164,799 in the last ninety days. Company insiders own 2.70% of the company’s stock.

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.