CANADA LIFE ASSURANCE Co Increases Holdings in Donaldson Company, Inc. (NYSE:DCI)

CANADA LIFE ASSURANCE Co lifted its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,184 shares of the industrial products company's stock after buying an additional 14,274 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.09% of Donaldson worth $7,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of DCI. Norges Bank bought a new stake in shares of Donaldson during the 4th quarter valued at about $65,828,000. Scharf Investments LLC bought a new stake in Donaldson during the fourth quarter valued at approximately $61,697,000. Invesco Ltd. increased its holdings in Donaldson by 24.7% during the fourth quarter. Invesco Ltd. now owns 1,512,667 shares of the industrial products company's stock valued at $101,878,000 after buying an additional 299,302 shares during the last quarter. Dudley & Shanley Inc. raised its position in Donaldson by 5,118.4% in the fourth quarter. Dudley & Shanley Inc. now owns 268,750 shares of the industrial products company's stock worth $18,100,000 after acquiring an additional 263,600 shares during the period. Finally, Swedbank AB purchased a new position in shares of Donaldson during the 4th quarter worth $17,471,000. Institutional investors own 82.81% of the company's stock.

Donaldson Stock Up 2.7 %

DCI opened at $63.35 on Wednesday. Donaldson Company, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $78.95. 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 stock has a market cap of $7.57 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. The firm's fifty day moving average is $66.54 and its 200 day moving average is $70.35.

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

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson's dividend payout ratio (DPR) is presently 31.58%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Donaldson news, Director James Owens sold 18,700 shares of the stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the completion of the transaction, the director now owns 20,246 shares of the company's stock, valued at $1,255,656.92. This represents a 48.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction, the president now owns 28,334 shares of the company's stock, valued at approximately $1,951,929.26. The trade was a 51.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,700 shares of company stock worth $5,164,799. 2.70% of the stock is owned by insiders.

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.

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