AIA Group Ltd Purchases 27,393 Shares of Donaldson Company, Inc. (NYSE:DCI)

AIA Group Ltd lifted its position in Donaldson Company, Inc. (NYSE:DCI) by 255.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,134 shares of the industrial products company’s stock after acquiring an additional 27,393 shares during the quarter. AIA Group Ltd’s holdings in Donaldson were worth $2,492,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DCI. Norges Bank purchased a new position in shares of Donaldson in the 4th quarter worth approximately $63,086,000. State Street Corp lifted its stake in shares of Donaldson by 13.9% in the 2nd quarter. State Street Corp now owns 6,767,711 shares of the industrial products company’s stock valued at $325,798,000 after purchasing an additional 824,842 shares during the period. BlackRock Inc. lifted its stake in shares of Donaldson by 3.9% in the 1st quarter. BlackRock Inc. now owns 10,996,071 shares of the industrial products company’s stock valued at $571,026,000 after purchasing an additional 413,360 shares during the period. Morgan Stanley lifted its stake in shares of Donaldson by 44.7% in the 4th quarter. Morgan Stanley now owns 1,308,238 shares of the industrial products company’s stock valued at $77,016,000 after purchasing an additional 404,335 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in shares of Donaldson by 55.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 783,111 shares of the industrial products company’s stock valued at $40,667,000 after purchasing an additional 279,484 shares during the period. Institutional investors own 82.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on DCI. Robert W. Baird increased their price objective on shares of Donaldson from $76.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 7th. Finally, Morgan Stanley began coverage on shares of Donaldson in a research report on Monday, January 8th. They issued an “underweight” rating and a $59.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $67.50.

Insider Activity

In other news, President Thomas R. Scalf sold 3,027 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $73.09, for a total value of $221,243.43. Following the completion of the transaction, the president now owns 34,334 shares of the company’s stock, valued at $2,509,472.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, President Thomas R. Scalf sold 7,680 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $71.09, for a total transaction of $545,971.20. Following the completion of the sale, the president now owns 34,334 shares in the company, valued at approximately $2,440,804.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas R. Scalf sold 3,027 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $73.09, for a total transaction of $221,243.43. Following the sale, the president now owns 34,334 shares of the company’s stock, valued at approximately $2,509,472.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,407 shares of company stock valued at $5,817,942. 2.58% of the stock is currently owned by company insiders.

Donaldson Price Performance

Shares of DCI opened at $71.65 on Friday. Donaldson Company, Inc. has a 1-year low of $57.05 and a 1-year high of $75.44. The stock has a market cap of $8.62 billion, a PE ratio of 23.34, a P/E/G ratio of 2.09 and a beta of 1.10. The firm has a 50-day simple moving average of $71.60 and a two-hundred day simple moving average of $65.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.47 and a quick ratio of 0.99.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. Donaldson had a net margin of 10.82% and a return on equity of 28.52%. The business had revenue of $876.70 million during the quarter, compared to analyst estimates of $874.34 million. During the same quarter last year, the firm posted $0.75 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, analysts forecast that Donaldson Company, Inc. will post 3.28 EPS for the current year.

Donaldson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Monday, February 12th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, February 9th. Donaldson’s payout ratio is 32.57%.

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.