Picton Mahoney Asset Management Grows Holdings in Donaldson Company, Inc. (NYSE:DCI)

Picton Mahoney Asset Management raised its position in Donaldson Company, Inc. (NYSE:DCI) by 55.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,552 shares of the industrial products company’s stock after buying an additional 2,685 shares during the period. Picton Mahoney Asset Management’s holdings in Donaldson were worth $508,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of DCI. Smartleaf Asset Management LLC grew its position 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 buying an additional 180 shares during the period. Venturi Wealth Management LLC boosted its stake in Donaldson by 89.6% in the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 369 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Donaldson by 28.7% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 206 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of 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 acquiring an additional 353 shares during the period. Finally, Kentucky Trust Co purchased a new stake in shares of Donaldson during the 4th quarter worth approximately $105,000. Institutional investors own 82.81% of the company’s stock.

Donaldson Stock Performance

Shares of DCI stock opened at $68.51 on Monday. The company has a market capitalization of $8.19 billion, a P/E ratio of 19.91, a PEG ratio of 1.82 and a beta of 1.04. Donaldson Company, Inc. has a fifty-two week low of $65.10 and a fifty-two 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 stock has a 50 day moving average price of $69.48 and a two-hundred day moving average price of $71.78.

Donaldson (NYSE:DCI) last posted its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). The business had revenue of $870.00 million during the quarter, compared to the consensus estimate of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. Analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were issued a dividend of $0.27 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.58%. Donaldson’s dividend payout ratio is presently 31.58%.

Insider Buying and Selling

In related news, Director Trudy A. Rautio sold 14,000 shares of the 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 completion of the transaction, the director now directly owns 26,420 shares of the company’s stock, valued at $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Thomas R. Scalf sold 29,500 shares of Donaldson stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $68.89, for a total value of $2,032,255.00. Following the sale, the president now directly owns 28,334 shares in the company, valued at approximately $1,951,929.26. The trade was a 51.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Morgan Stanley increased their price objective on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, December 4th. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Finally, 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 note on Wednesday, December 4th. One 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 company’s stock. According to data from MarketBeat, Donaldson currently has an average rating of “Hold” and a consensus price target of $74.00.

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.