Connor Clark & Lunn Investment Management Ltd. Grows Holdings in Donaldson Company, Inc. (NYSE:DCI)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 305.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,552 shares of the industrial products company's stock after buying an additional 16,237 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Donaldson were worth $1,588,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. UMB Bank n.a. lifted its position in Donaldson by 359.2% during the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company's stock worth $26,000 after acquiring an additional 273 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Donaldson by 1,372.2% during the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company's stock worth $38,000 after purchasing an additional 494 shares during the period. Mather Group LLC. boosted its position in Donaldson by 408.1% in the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company's stock valued at $38,000 after buying an additional 404 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Donaldson in the 3rd quarter worth approximately $41,000. Finally, V Square Quantitative Management LLC increased its holdings in Donaldson by 52.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company's stock worth $45,000 after buying an additional 207 shares during the period. Institutional investors and hedge funds own 82.81% of the company's stock.

Insider Buying and Selling at Donaldson

In other Donaldson news, CFO Scott J. Robinson sold 83,600 shares of Donaldson stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the transaction, the chief financial officer now directly owns 37,702 shares of the company's stock, valued at $2,791,456.08. The trade was a 68.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Willard D. Oberton sold 2,700 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $73.37, for a total transaction of $198,099.00. Following the completion of the sale, the director now directly owns 27,983 shares of the company's stock, valued at approximately $2,053,112.71. This trade represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,805 shares of company stock worth $12,310,222. Insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

DCI has been the topic of a number of research reports. Stifel Nicolaus cut their price objective on shares of Donaldson from $76.00 to $71.00 and set a "hold" rating on the stock in a research note on Thursday, August 29th. StockNews.com raised shares of Donaldson from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $69.67.

Donaldson Price Performance

NYSE:DCI traded down $0.42 during trading hours on Wednesday, hitting $77.64. 573,123 shares of the stock were exchanged, compared to its average volume of 488,626. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The firm's fifty day moving average price is $74.70 and its 200 day moving average price is $73.35. The company has a market cap of $9.30 billion, a P/E ratio of 22.90, a P/E/G ratio of 2.06 and a beta of 1.04. Donaldson Company, Inc. has a 52-week low of $58.75 and a 52-week high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last announced its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.06. The company had revenue of $935.40 million for the quarter, compared to analysts' expectations of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. As a group, equities research analysts anticipate that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.08 annualized dividend and a yield of 1.39%. Donaldson's dividend payout ratio is presently 31.95%.

About Donaldson

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.