Quantbot Technologies LP Grows Position in Donaldson Company, Inc. (NYSE:DCI)

Quantbot Technologies LP raised its position in Donaldson Company, Inc. (NYSE:DCI) by 516.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,502 shares of the industrial products company’s stock after purchasing an additional 18,851 shares during the quarter. Quantbot Technologies LP’s holdings in Donaldson were worth $1,658,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Donaldson by 1.8% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company’s stock worth $134,832,000 after acquiring an additional 32,964 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Donaldson by 4.7% in the second quarter. American Century Companies Inc. now owns 1,691,903 shares of the industrial products company’s stock worth $121,073,000 after purchasing an additional 75,733 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Donaldson by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock worth $93,770,000 after buying an additional 153,342 shares during the period. Bank of New York Mellon Corp lifted its holdings in Donaldson by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,285,130 shares of the industrial products company’s stock valued at $91,964,000 after buying an additional 9,143 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Donaldson by 18.5% in the 2nd quarter. AQR Capital Management LLC now owns 754,631 shares of the industrial products company’s stock valued at $53,964,000 after buying an additional 117,874 shares during the period. Institutional investors own 82.81% of the company’s stock.

Donaldson Stock Up 0.6 %

Shares of NYSE DCI opened at $78.11 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $9.35 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 2.04 and a beta of 1.04. Donaldson Company, Inc. has a 12-month low of $59.78 and a 12-month high of $78.95. The stock’s fifty day simple moving average is $74.91 and its two-hundred day simple moving average is $73.41.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The business had revenue of $935.40 million for the quarter, compared to analysts’ expectations of $941.12 million. As a group, analysts expect that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, December 9th. Donaldson’s payout ratio is presently 31.95%.

Insider Activity

In related news, Director James Owens sold 5,210 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the completion of the transaction, the director now owns 17,788 shares in the company, valued at $1,276,111.12. This trade represents a 22.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Thomas R. Scalf sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total value of $182,900.00. Following the sale, the president now owns 28,334 shares in the company, valued at approximately $2,072,915.44. The trade was a 8.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,805 shares of company stock worth $12,310,222. Insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Stifel Nicolaus dropped their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $69.67.

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.