Donaldson Company, Inc. (NYSE:DCI) Holdings Cut by First Trust Advisors LP

First Trust Advisors LP reduced its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 891,184 shares of the industrial products company's stock after selling 34,872 shares during the period. First Trust Advisors LP owned 0.75% of Donaldson worth $60,021,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Donaldson by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company's stock worth $856,509,000 after buying an additional 33,139 shares during the last quarter. FMR LLC grew its position in shares of Donaldson by 6.2% during the fourth quarter. FMR LLC now owns 3,994,275 shares of the industrial products company's stock worth $269,014,000 after acquiring an additional 231,424 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Donaldson by 2.5% in 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 period. Geode Capital Management LLC lifted its position 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 valued at $169,804,000 after purchasing an additional 71,707 shares during the last quarter. Finally, Fiduciary Management Inc. WI boosted its stake in Donaldson by 19.9% during the 4th quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company's stock valued at $148,795,000 after purchasing an additional 367,383 shares during the period. 82.81% of the stock is owned by institutional investors.

Donaldson Trading Up 2.7 %

Shares of NYSE:DCI opened at $63.35 on Wednesday. The company has a 50 day moving average of $66.54 and a 200-day moving average of $70.35. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The firm has a market cap of $7.57 billion, a P/E ratio of 18.42, a P/E/G ratio of 1.82 and a beta of 1.01. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month 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 analysts' consensus estimates 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. As a group, analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal 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 issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Thursday, February 13th. Donaldson's payout ratio is 31.58%.

Insider Activity

In other news, Director James Owens sold 18,700 shares of the business's stock in a transaction 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 $1,255,656.92. The trade was a 48.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Thomas R. Scalf sold 28,500 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the sale, the president now directly owns 28,334 shares of the company's stock, valued at approximately $1,961,279.48. This represents a 50.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,700 shares of company stock worth $5,164,799. Corporate insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DCI shares. Stifel Nicolaus cut their price target on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a report on Monday, April 14th. StockNews.com downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Donaldson presently has a consensus rating of "Hold" and a consensus target price of $71.33.

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.

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