Naples Global Advisors LLC Purchases 7,556 Shares of Donaldson Company, Inc. (NYSE:DCI)

Naples Global Advisors LLC increased its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 100.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 15,068 shares of the industrial products company’s stock after purchasing 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 SEC.

A number of other institutional investors have also recently bought and sold shares of DCI. Capital Performance Advisors LLP acquired a new stake in shares of Donaldson in the third quarter valued at approximately $41,000. V Square Quantitative Management LLC raised its stake in Donaldson by 52.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 207 shares during the period. GAMMA Investing LLC boosted its position in Donaldson by 72.0% during the third quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 301 shares during the period. Kentucky Trust Co acquired a new position in shares of Donaldson in the fourth quarter valued at $105,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in shares of Donaldson by 38.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,066 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 571 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analyst Ratings Changes

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

Donaldson Price Performance

NYSE:DCI opened at $70.18 on Friday. Donaldson Company, Inc. has a 52 week low of $65.91 and a 52 week high of $78.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The firm’s 50-day simple moving average is $69.79 and its 200 day simple moving average is $72.40. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 1.85 and a beta of 1.06.

Donaldson (NYSE:DCI) last announced its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. The company had revenue of $900.10 million for the quarter, compared to analysts’ expectations of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. As a group, sell-side analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.27 per share. 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 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 firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the transaction, the director now directly owns 26,420 shares of the company’s stock, valued at $1,785,992. This trade represents a 34.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by company insiders.

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.