AIA Group Ltd Has $2.49 Million Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

AIA Group Ltd boosted its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 255.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,134 shares of the industrial products company's stock after acquiring an additional 27,393 shares during the period. AIA Group Ltd's holdings in Donaldson were worth $2,492,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Millburn Ridgefield Corp acquired a new stake in Donaldson in the 3rd quarter valued at about $27,000. Catalyst Capital Advisors LLC purchased a new position in Donaldson in the 3rd quarter valued at about $27,000. Fortitude Family Office LLC purchased a new position in Donaldson in the 4th quarter valued at about $27,000. Ronald Blue Trust Inc. lifted its holdings in Donaldson by 792.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 455 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 404 shares in the last quarter. Finally, Fred Alger Management LLC purchased a new position in Donaldson in the 3rd quarter valued at about $35,000. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Trading Up 0.4 %

Shares of DCI stock traded up $0.28 during trading hours on Friday, hitting $71.93. 456,881 shares of the company were exchanged, compared to its average volume of 442,293. The firm has a market cap of $8.66 billion, a PE ratio of 23.43, a PEG ratio of 2.09 and a beta of 1.10. Donaldson Company, Inc. has a 1 year low of $57.05 and a 1 year high of $75.44. The company has a quick ratio of 0.99, a current ratio of 1.47 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average of $71.60 and a 200 day moving average of $65.38.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.07. The business had revenue of $876.70 million for the quarter, compared to analyst estimates of $874.34 million. Donaldson had a net margin of 10.82% and a return on equity of 28.52%. The company's revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 EPS. Analysts expect that Donaldson Company, Inc. will post 3.28 earnings per share for the current year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Monday, February 12th were issued a $0.25 dividend. The ex-dividend date was Friday, February 9th. This represents a $1.00 annualized dividend and a yield of 1.39%. Donaldson's payout ratio is 32.57%.

Insider Activity at Donaldson

In related news, Director Willard D. Oberton sold 4,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total value of $330,930.00. Following the transaction, the director now owns 27,685 shares in the company, valued at $2,035,954.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Donaldson news, President Thomas R. Scalf sold 7,680 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $71.09, for a total value of $545,971.20. Following the completion of the sale, the president now owns 34,334 shares of the company's stock, valued at $2,440,804.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Willard D. Oberton sold 4,500 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total transaction of $330,930.00. Following the completion of the sale, the director now directly owns 27,685 shares of the company's stock, valued at approximately $2,035,954.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,407 shares of company stock worth $5,817,942. Company insiders own 2.58% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DCI shares. StockNews.com upgraded shares of Donaldson from a "buy" rating to a "strong-buy" rating in a report on Thursday, March 7th. Morgan Stanley started coverage on shares of Donaldson in a report on Monday, January 8th. They issued an "underweight" rating and a $59.00 target price on the stock. Finally, Robert W. Baird upped their target price on shares of Donaldson from $76.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $67.50.

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.