Amundi Has $1.24 Million Stake in Donaldson Company, Inc. (NYSE:DCI)

Amundi reduced its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 46.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,196 shares of the industrial products company's stock after selling 16,085 shares during the quarter. Amundi's holdings in Donaldson were worth $1,236,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Franklin Resources Inc. grew its stake in shares of Donaldson by 2.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company's stock worth $220,380,000 after acquiring an additional 73,234 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Donaldson by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company's stock worth $180,522,000 after acquiring an additional 118,156 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Donaldson by 7.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,267,274 shares of the industrial products company's stock worth $85,351,000 after acquiring an additional 92,624 shares in the last quarter. Scharf Investments LLC bought a new position in shares of Donaldson during the 4th quarter worth approximately $61,697,000. Finally, Mcdaniel Terry & Co. grew its stake in shares of Donaldson by 9.4% during the 4th quarter. Mcdaniel Terry & Co. now owns 561,818 shares of the industrial products company's stock worth $37,838,000 after acquiring an additional 48,485 shares in the last quarter. 82.81% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

DCI has been the subject of several recent analyst reports. Robert W. Baird increased 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. Morgan Stanley increased their price objective on Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a report on Wednesday, December 4th. Finally, StockNews.com downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $74.00.

Insiders Place Their Bets

In other news, Director Trudy A. Rautio sold 14,000 shares of the business'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 sale, the director now owns 26,420 shares of the company's stock, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Thomas R. Scalf sold 29,500 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $68.89, for a total value of $2,032,255.00. Following the completion of the transaction, the president now directly owns 28,334 shares of the company's stock, valued at approximately $1,951,929.26. This trade represents a 51.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,000 shares of company stock valued at $4,951,425 over the last ninety days. 2.70% of the stock is currently owned by company insiders.

Donaldson Stock Down 0.8 %

Shares of NYSE DCI traded down $0.55 during trading hours on Friday, hitting $67.31. The company had a trading volume of 2,808,242 shares, compared to its average volume of 524,514. The firm's 50 day moving average is $69.56 and its 200-day moving average is $71.65. Donaldson Company, Inc. has a 1-year low of $65.10 and a 1-year high of $78.95. The stock has a market capitalization of $8.04 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. 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 (NYSE:DCI - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing analysts' consensus estimates of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The company had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. On average, analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.60%. Donaldson's dividend payout ratio (DPR) is 31.58%.

Donaldson Company 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.