GAMMA Investing LLC Has $10.92 Million Stock Position in Donaldson Company, Inc. (NYSE:DCI)

GAMMA Investing LLC raised its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 17,502.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 162,822 shares of the industrial products company's stock after purchasing an additional 161,897 shares during the period. GAMMA Investing LLC owned 0.14% of Donaldson worth $10,919,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Argent Trust Co boosted its position in shares of Donaldson by 3.3% in the 4th quarter. Argent Trust Co now owns 4,739 shares of the industrial products company's stock valued at $319,000 after purchasing an additional 152 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 180 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Donaldson by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company's stock valued at $252,000 after acquiring an additional 187 shares during the period. Johnson Financial Group Inc. boosted its stake in Donaldson by 48.8% during the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock worth $42,000 after purchasing an additional 195 shares during the period. Finally, Truist Financial Corp grew its position in Donaldson by 4.9% during the 4th quarter. Truist Financial Corp now owns 6,199 shares of the industrial products company's stock worth $417,000 after purchasing an additional 290 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Wall Street Analysts Forecast Growth

DCI has been the topic of a number of recent research reports. Wall Street Zen lowered Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Robert W. Baird upped their price objective on shares of Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Morgan Stanley reaffirmed an "underweight" rating and issued a $69.00 target price (up previously from $65.00) on shares of Donaldson in a report on Friday. Finally, Stifel Nicolaus cut their price target on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a report on Monday, April 14th. One equities 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 stock. According to MarketBeat, Donaldson currently has an average rating of "Hold" and an average target price of $70.00.

Donaldson Trading Up 0.3%

Shares of NYSE:DCI traded up $0.18 during trading on Monday, reaching $70.56. 471,607 shares of the stock were exchanged, compared to its average volume of 563,306. Donaldson Company, Inc. has a 12-month low of $57.45 and a 12-month high of $78.95. The firm's 50-day moving average price is $66.36 and its 200 day moving average price is $68.77. 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 has a market cap of $8.22 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.04. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm had revenue of $940.10 million during the quarter, compared to analysts' expectations of $936.02 million. During the same quarter in the prior year, the business earned $0.92 EPS. Donaldson's quarterly revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.70%. This is an increase from Donaldson's previous quarterly dividend of $0.27. The ex-dividend date is Monday, June 16th. Donaldson's dividend payout ratio is 40.27%.

Insider Buying and Selling at Donaldson

In related news, President Thomas R. Scalf sold 28,500 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the sale, the president now directly owns 28,334 shares in the company, valued at $1,961,279.48. The trade was a 50.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Owens sold 18,700 shares of the firm's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the completion of the transaction, the director now owns 20,246 shares of the company's stock, valued at approximately $1,255,656.92. The trade was a 48.02% 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 corporate 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.