Pallas Capital Advisors LLC Purchases Shares of 6,525 Donaldson Company, Inc. (NYSE:DCI)

Pallas Capital Advisors LLC bought a new stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,525 shares of the industrial products company's stock, valued at approximately $438,000.

A number of other hedge funds have also made changes to their positions in the stock. Colonial Trust Co SC purchased a new stake in Donaldson in the 4th quarter worth approximately $25,000. Smartleaf Asset Management LLC increased its stake 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 worth $40,000 after acquiring an additional 180 shares during the last quarter. Johnson Financial Group Inc. raised its holdings in shares of Donaldson by 48.8% during the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock worth $42,000 after acquiring an additional 195 shares in the last quarter. Wood Tarver Financial Group LLC acquired a new stake in Donaldson during the fourth quarter valued at $42,000. Finally, Venturi Wealth Management LLC boosted its position in Donaldson by 89.6% during the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 369 shares during the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Donaldson

In other news, President Thomas R. Scalf sold 28,500 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the sale, the president now owns 28,334 shares in the company, valued at $1,961,279.48. The trade was a 50.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James Owens sold 18,700 shares of the business's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the sale, the director now directly owns 20,246 shares of the company's stock, valued at $1,255,656.92. This represents 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 company insiders.

Donaldson Stock Performance

Donaldson stock traded down $1.01 on Friday, hitting $68.61. The company's stock had a trading volume of 623,838 shares, compared to its average volume of 562,353. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $78.95. The firm has a market cap of $7.99 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $66.92 and a 200-day moving average price of $68.68.

Donaldson (NYSE:DCI - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share (EPS) 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 business had revenue of $940.10 million during the quarter, compared to analysts' expectations of $936.02 million. During the same period in the prior year, the firm posted $0.92 EPS. Donaldson's quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.30 dividend. The ex-dividend date is Monday, June 16th. This is a positive change from Donaldson's previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.75%. Donaldson's dividend payout ratio (DPR) is 40.27%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Morgan Stanley restated an "underweight" rating and issued a $69.00 price objective (up previously from $65.00) on shares of Donaldson in a report on Friday, June 6th. Stifel Nicolaus cut their price objective on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Robert W. Baird boosted their target price 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Donaldson has a consensus rating of "Hold" and an average price target of $70.00.

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.