Corient Private Wealth LLC Sells 7,108 Shares of Donaldson Company, Inc. (NYSE:DCI)

Corient Private Wealth LLC cut its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 14.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,025 shares of the industrial products company's stock after selling 7,108 shares during the period. Corient Private Wealth LLC's holdings in Donaldson were worth $2,898,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in shares of Donaldson by 94.5% in the 4th quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company's stock valued at $185,000 after purchasing an additional 1,334 shares during the last quarter. Granite Bay Wealth Management LLC acquired a new position in Donaldson in the fourth quarter valued at $943,000. JPMorgan Chase & Co. boosted its position in Donaldson by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company's stock valued at $32,394,000 after acquiring an additional 23,758 shares during the last quarter. GAMMA Investing LLC grew its holdings in Donaldson by 28.7% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock worth $62,000 after acquiring an additional 206 shares during the period. Finally, Radnor Capital Management LLC raised its position in shares of Donaldson by 21.4% in the 4th quarter. Radnor Capital Management LLC now owns 69,820 shares of the industrial products company's stock worth $4,702,000 after acquiring an additional 12,315 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages recently commented on DCI. Robert W. Baird upped their target price on Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. StockNews.com cut Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Finally, Morgan Stanley raised their price objective on shares of Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $74.00.

Insider Buying and Selling

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the completion of the sale, the director now directly owns 26,420 shares of the company's stock, valued at approximately $1,785,992. This represents a 34.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Thomas R. Scalf sold 29,500 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $68.89, for a total value of $2,032,255.00. Following the completion of the transaction, the president now owns 28,334 shares in the company, valued at $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 90 days, insiders sold 72,000 shares of company stock worth $4,951,425. 2.70% of the stock is owned by corporate insiders.

Donaldson Stock Up 0.1 %

Shares of NYSE:DCI traded up $0.09 during trading on Thursday, reaching $68.82. 443,857 shares of the stock were exchanged, compared to its average volume of 524,658. Donaldson Company, Inc. has a 1-year low of $65.10 and a 1-year high of $78.95. The stock has a fifty day moving average of $69.58 and a two-hundred day moving average of $71.62. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04.

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 net margin of 11.56% and a return on equity of 29.07%. Research analysts anticipate 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. Investors of record on Thursday, February 13th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.57%. Donaldson's payout ratio is 31.58%.

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.