23,775 Shares in Donaldson Company, Inc. (NYSE:DCI) Bought by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations purchased a new stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 23,775 shares of the industrial products company's stock, valued at approximately $1,601,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position 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 valued at $856,509,000 after purchasing an additional 33,139 shares during the last quarter. Franklin Resources Inc. lifted its holdings 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 during the last quarter. Geode Capital Management LLC grew its position in Donaldson by 5.1% in the third 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 increased its stake in Donaldson by 7.9% in 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 acquiring an additional 92,624 shares during the last quarter. Finally, Scharf Investments LLC purchased a new stake in Donaldson during the fourth quarter valued at about $61,697,000. Hedge funds and other institutional investors own 82.81% of the company's stock.

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Insider Activity

In other news, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Thomas R. Scalf sold 28,500 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the transaction, the president now directly owns 28,334 shares of the company's stock, valued at approximately $1,961,279.48. The trade was a 50.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,000 shares of company stock valued at $4,951,425. Company insiders own 2.70% of the company's stock.

Donaldson Trading Up 0.5 %

NYSE:DCI traded up $0.33 during midday trading on Tuesday, reaching $67.39. 150,191 shares of the stock traded hands, compared to its average volume of 612,208. The stock has a market capitalization of $8.05 billion, a P/E ratio of 19.59, a PEG ratio of 1.82 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The company has a fifty day moving average of $69.39 and a 200 day moving average of $71.57. Donaldson Company, Inc. has a 12 month low of $65.10 and a 12 month high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. On average, research analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were given a $0.27 dividend. 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 1.60%. Donaldson's dividend payout ratio is currently 31.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a report on Wednesday, December 4th. StockNews.com lowered shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Finally, Robert W. Baird lifted their price objective on Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $74.00.

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.