SNS Financial Group LLC acquired a new position in Donaldson Company, Inc. (NYSE:DCI) during the 4th quarter, Holdings Channel reports. The fund acquired 5,168 shares of the industrial products company’s stock, valued at approximately $253,000.
A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. raised its position in Donaldson by 1.5% in the fourth quarter. BlackRock Inc. now owns 10,778,537 shares of the industrial products company’s stock worth $527,609,000 after acquiring an additional 162,383 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in Donaldson by 2.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,885,348 shares of the industrial products company’s stock worth $86,613,000 after acquiring an additional 43,552 shares during the period. American Century Companies Inc. raised its position in Donaldson by 3.3% in the third quarter. American Century Companies Inc. now owns 1,243,915 shares of the industrial products company’s stock worth $57,145,000 after acquiring an additional 39,938 shares during the period. Dimensional Fund Advisors LP raised its position in Donaldson by 7.5% in the third quarter. Dimensional Fund Advisors LP now owns 877,588 shares of the industrial products company’s stock worth $40,317,000 after acquiring an additional 61,371 shares during the period. Finally, Mountain Pacific Investment Advisers Inc. ID raised its position in Donaldson by 0.7% in the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 666,212 shares of the industrial products company’s stock worth $32,611,000 after acquiring an additional 4,725 shares during the period. 78.31% of the stock is currently owned by institutional investors and hedge funds.
DCI has been the topic of several research reports. Jefferies Group reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Donaldson in a research report on Friday, December 1st. Zacks Investment Research raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Monday, November 27th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $53.00 price objective (up previously from $50.00) on shares of Donaldson in a research report on Tuesday, January 16th. Oppenheimer reaffirmed a “hold” rating on shares of Donaldson in a research report on Monday, December 18th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Donaldson in a research report on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $52.00.
Donaldson (NYSE:DCI) last posted its earnings results on Thursday, November 30th. The industrial products company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. The firm had revenue of $644.80 million during the quarter, compared to the consensus estimate of $602.02 million. Donaldson had a net margin of 9.57% and a return on equity of 28.49%. The company’s revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) earnings per share. equities research analysts expect that Donaldson Company, Inc. will post 2 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Wednesday, February 14th will be paid a $0.18 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.50%. Donaldson’s payout ratio is 40.68%.
In other news, insider Melissa A. Osland sold 1,453 shares of Donaldson stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $48.26, for a total value of $70,121.78. Following the completion of the transaction, the insider now owns 4,174 shares in the company, valued at $201,437.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.09% of the stock is owned by company insiders.
TRADEMARK VIOLATION NOTICE: “SNS Financial Group LLC Takes $253,000 Position in Donaldson Company, Inc. (DCI)” was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.chaffeybreeze.com/2018/02/19/sns-financial-group-llc-takes-253000-position-in-donaldson-company-inc-dci.html.
Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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