Jacobs Levy Equity Management Inc. Purchases New Holdings in Donaldson Company, Inc. (NYSE:DCI)

Jacobs Levy Equity Management Inc. bought a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 22,117 shares of the industrial products company’s stock, valued at approximately $1,630,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC increased its stake in Donaldson by 1.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,364 shares of the industrial products company’s stock valued at $813,000 after buying an additional 146 shares during the period. Oak Family Advisors LLC increased its stake in shares of Donaldson by 4.3% in the second quarter. Oak Family Advisors LLC now owns 4,742 shares of the industrial products company’s stock worth $339,000 after acquiring an additional 197 shares during the last quarter. Claro Advisors LLC raised its holdings in shares of Donaldson by 2.0% during the third quarter. Claro Advisors LLC now owns 10,242 shares of the industrial products company’s stock worth $755,000 after acquiring an additional 203 shares in the last quarter. V Square Quantitative Management LLC boosted its position in Donaldson by 52.0% during the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 207 shares during the last quarter. Finally, Hancock Whitney Corp grew its stake in Donaldson by 1.2% in the third quarter. Hancock Whitney Corp now owns 18,960 shares of the industrial products company’s stock valued at $1,397,000 after purchasing an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Activity

In other news, President Thomas R. Scalf sold 2,500 shares of Donaldson stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total value of $182,900.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Scott J. Robinson sold 83,600 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.04, for a total value of $6,189,744.00. Following the sale, the chief financial officer now owns 37,702 shares in the company, valued at approximately $2,791,456.08. This trade represents a 68.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 167,805 shares of company stock worth $12,310,222. Company insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DCI shares. Robert W. Baird lifted their price target on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. Stifel Nicolaus dropped their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. Finally, Morgan Stanley lifted their price objective on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $74.00.

Donaldson Stock Down 0.2 %

Shares of Donaldson stock opened at $72.88 on Monday. Donaldson Company, Inc. has a 12-month low of $61.00 and a 12-month high of $78.95. The company has a quick ratio of 1.23, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $75.09 and a two-hundred day moving average price of $73.39. The stock has a market capitalization of $8.73 billion, a P/E ratio of 21.19, a PEG ratio of 1.93 and a beta of 1.04.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The firm had revenue of $900.10 million for the quarter, compared to analyst estimates of $888.88 million. During the same quarter in the previous year, the firm posted $0.75 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts expect that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Monday, December 9th. Donaldson’s payout ratio is 31.40%.

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.