Bank of Montreal Can Lowers Holdings in Donaldson Company, Inc. (NYSE:DCI)

Bank of Montreal Can lowered its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 51.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,950 shares of the industrial products company's stock after selling 38,278 shares during the quarter. Bank of Montreal Can's holdings in Donaldson were worth $2,421,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Donaldson by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company's stock worth $856,509,000 after buying an additional 33,139 shares during the period. FMR LLC boosted its position in Donaldson by 6.2% during the fourth quarter. FMR LLC now owns 3,994,275 shares of the industrial products company's stock valued at $269,014,000 after purchasing an additional 231,424 shares in the last quarter. Franklin Resources Inc. grew its stake in Donaldson by 2.5% in the third quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company's stock valued at $220,380,000 after purchasing an additional 73,234 shares during the last quarter. Geode Capital Management LLC raised its holdings in Donaldson by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 2,520,586 shares of the industrial products company's stock worth $169,804,000 after purchasing an additional 71,707 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Donaldson by 7.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,267,274 shares of the industrial products company's stock valued at $85,351,000 after buying an additional 92,624 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

Donaldson Stock Performance

DCI stock traded up $0.31 during trading on Friday, reaching $62.76. The company had a trading volume of 492,334 shares, compared to its average volume of 575,041. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $78.95. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. The firm has a 50-day simple moving average of $66.83 and a 200-day simple moving average of $70.50.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings results 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). The firm had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. As a group, sell-side analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were paid 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 dividend yield of 1.72%. Donaldson's payout ratio is currently 31.58%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DCI. Stifel Nicolaus cut their price objective on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. StockNews.com lowered shares of Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Donaldson currently has a consensus rating of "Hold" and an average target price of $71.33.

Insider Buying and Selling

In other Donaldson news, Director James Owens sold 18,700 shares of the company's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $62.02, for a total value of $1,159,774.00. Following the completion of the transaction, the director now owns 20,246 shares in the company, valued at approximately $1,255,656.92. This represents a 48.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Thomas R. Scalf sold 29,500 shares of the firm'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 sale, the president now owns 28,334 shares in the company, valued at $1,951,929.26. This trade represents a 51.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,700 shares of company stock valued at $5,164,799 over the last ninety days. Company 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.