Assenagon Asset Management S.A. Sells 5,822 Shares of Donaldson Company, Inc. (NYSE:DCI)

Assenagon Asset Management S.A. decreased its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 146,086 shares of the industrial products company's stock after selling 5,822 shares during the quarter. Assenagon Asset Management S.A. owned about 0.12% of Donaldson worth $9,839,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Oak Thistle LLC acquired a new position in shares of Donaldson during the 4th quarter worth $289,000. Signal Advisors Wealth LLC increased its position in Donaldson by 5.6% during the fourth quarter. Signal Advisors Wealth LLC now owns 4,709 shares of the industrial products company's stock worth $317,000 after buying an additional 249 shares during the last quarter. Granite Bay Wealth Management LLC acquired a new position in Donaldson during the fourth quarter worth $943,000. Legend Financial Advisors Inc. bought a new position in Donaldson during the fourth quarter valued at about $208,000. Finally, Diversified Trust Co boosted its stake in shares of Donaldson by 26.0% during the 4th quarter. Diversified Trust Co now owns 16,105 shares of the industrial products company's stock worth $1,085,000 after acquiring an additional 3,328 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Donaldson Stock Performance

Shares of Donaldson stock traded up $0.87 during midday trading on Friday, hitting $71.17. The company had a trading volume of 654,326 shares, compared to its average volume of 507,898. The stock has a market cap of $8.50 billion, a PE ratio of 20.69, a P/E/G ratio of 1.74 and a beta of 1.06. Donaldson Company, Inc. has a 1-year low of $62.98 and a 1-year high of $78.95. The business's 50 day simple moving average is $71.93 and its two-hundred day simple moving average is $72.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20.

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

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.08 annualized dividend and a yield of 1.52%. Donaldson's dividend payout ratio (DPR) is currently 31.40%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Robert W. Baird raised their price objective on Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. StockNews.com cut shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Monday, January 13th. Finally, Morgan Stanley raised their target price on shares of Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $74.00.

Insiders Place Their Bets

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the sale, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.70% of the company's stock.

Donaldson 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.