Cerity Partners LLC Has $1.19 Million Position in Donaldson Company, Inc. (NYSE:DCI)

Cerity Partners LLC raised its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 63.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,302 shares of the industrial products company's stock after acquiring an additional 6,687 shares during the quarter. Cerity Partners LLC's holdings in Donaldson were worth $1,188,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DCI. Vanguard Group Inc. boosted 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 worth $856,509,000 after purchasing an additional 33,139 shares during the period. FMR LLC boosted its holdings in shares of Donaldson by 6.2% during the 4th quarter. FMR LLC now owns 3,994,275 shares of the industrial products company's stock worth $269,014,000 after buying an additional 231,424 shares during the period. Franklin Resources Inc. grew its stake in Donaldson by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company's stock valued at $220,380,000 after buying an additional 73,234 shares during the last quarter. Geode Capital Management LLC raised its holdings in Donaldson by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 2,520,586 shares of the industrial products company's stock worth $169,804,000 after acquiring an additional 71,707 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in 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 during the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Analyst Upgrades and Downgrades

DCI has been the topic of several research analyst reports. StockNews.com downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Stifel Nicolaus lowered their target price on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Donaldson currently has an average rating of "Hold" and an average target price of $71.33.

Donaldson Stock Performance

Shares of NYSE:DCI traded up $1.54 on Thursday, hitting $65.38. 74,657 shares of the company were exchanged, compared to its average volume of 572,437. The company's 50 day moving average price is $66.44 and its two-hundred day moving average price is $70.31. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.82 and a beta of 1.01. 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 one year low of $57.45 and a one year high of $78.95.

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

Donaldson Dividend Announcement

The firm also recently declared 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 yield of 1.65%. Donaldson's dividend payout ratio is currently 31.58%.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director James Owens sold 18,700 shares of Donaldson stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the sale, the director now directly owns 20,246 shares of the company's stock, valued at approximately $1,255,656.92. The trade was a 48.02 % 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. Also, President Thomas R. Scalf sold 29,500 shares of the business's stock in a transaction on 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 sale, the president now directly owns 28,334 shares in the company, valued at approximately $1,951,929.26. This represents a 51.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,700 shares of company stock valued at $5,164,799 in the last 90 days. 2.70% of the stock is currently owned by company insiders.

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.