Donaldson Company, Inc. (NYSE:DCI) Stock Position Cut by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 10.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 961,288 shares of the industrial products company's stock after selling 110,475 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.80% of Donaldson worth $64,685,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DCI. Granite Bay Wealth Management LLC purchased a new position in Donaldson in the fourth quarter valued at about $943,000. JPMorgan Chase & Co. raised its position in shares of Donaldson by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company's stock valued at $32,394,000 after purchasing an additional 23,758 shares in the last quarter. Jensen Investment Management Inc. boosted its stake in shares of Donaldson by 18.1% during the 3rd quarter. Jensen Investment Management Inc. now owns 67,040 shares of the industrial products company's stock valued at $4,941,000 after buying an additional 10,280 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Donaldson by 28.7% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock worth $62,000 after buying an additional 206 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of Donaldson by 7.3% in the third quarter. Private Advisor Group LLC now owns 28,877 shares of the industrial products company's stock worth $2,128,000 after buying an additional 1,974 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the completion of the transaction, the director now owns 26,420 shares in the company, valued at approximately $1,785,992. This represents a 34.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DCI has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Morgan Stanley increased their price target on shares of Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a research report on Wednesday, December 4th. Finally, Robert W. Baird boosted their price objective on Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $74.00.

Donaldson Stock Performance

Shares of NYSE:DCI traded down $1.60 on Monday, reaching $68.49. 668,717 shares of the company's stock were exchanged, compared to its average volume of 472,069. The business's 50-day moving average is $69.62 and its two-hundred day moving average is $72.29. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a fifty-two week low of $65.91 and a fifty-two week high of $78.95. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.85 and a beta of 1.06.

Donaldson (NYSE:DCI - Get Free Report) last issued its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.01. The firm had revenue of $900.10 million for the quarter, compared to analysts' expectations of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Donaldson's revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $0.75 earnings per share. As a group, equities research analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.58%. The ex-dividend date is Thursday, February 13th. Donaldson's dividend payout ratio is presently 31.40%.

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.