Geode Capital Management LLC Has $169.80 Million Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Geode Capital Management LLC grew its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,520,586 shares of the industrial products company's stock after acquiring an additional 71,707 shares during the quarter. Geode Capital Management LLC owned 2.11% of Donaldson worth $169,804,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock worth $40,000 after purchasing an additional 180 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Donaldson by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company's stock worth $252,000 after acquiring an additional 187 shares during the period. GAMMA Investing LLC boosted its position in shares of Donaldson by 28.7% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 206 shares in the last quarter. Signal Advisors Wealth LLC increased its stake in Donaldson by 5.6% in the fourth quarter. Signal Advisors Wealth LLC now owns 4,709 shares of the industrial products company's stock valued at $317,000 after acquiring an additional 249 shares during the period. Finally, Truist Financial Corp raised its position in Donaldson by 4.9% in the fourth quarter. Truist Financial Corp now owns 6,199 shares of the industrial products company's stock worth $417,000 after purchasing an additional 290 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

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Donaldson Price Performance

Shares of Donaldson stock traded up $1.23 during mid-day trading on Friday, reaching $63.38. 740,797 shares of the stock were exchanged, compared to its average volume of 569,873. 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 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 has a 50-day simple moving average of $67.58 and a 200 day simple moving average of $70.87. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI - Get Free Report) last posted its 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). The firm 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%. On average, sell-side analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

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

Insider Activity at Donaldson

In other news, President Thomas R. Scalf sold 28,500 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the sale, the president now owns 28,334 shares in the company, valued at $1,961,279.48. The trade was a 50.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James Owens sold 18,700 shares of the company's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $62.02, for a total value of $1,159,774.00. Following the transaction, the director now directly owns 20,246 shares in the company, valued at $1,255,656.92. This trade represents a 48.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,700 shares of company stock valued at $5,164,799 over the last ninety days. 2.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Donaldson presently has a consensus rating of "Hold" and an average price target of $74.00.

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.