American Century Companies Inc. Cuts Stake in Donaldson Company, Inc. (NYSE:DCI)

American Century Companies Inc. lowered its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,566,335 shares of the industrial products company's stock after selling 114,366 shares during the quarter. American Century Companies Inc. owned 1.31% of Donaldson worth $105,493,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in Donaldson by 43.2% during 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 in the last quarter. Venturi Wealth Management LLC increased its position in Donaldson by 89.6% during the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock worth $53,000 after purchasing an additional 369 shares during the period. GAMMA Investing LLC raised its stake 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 worth $62,000 after buying an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Donaldson by 45.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company's stock valued at $77,000 after buying an additional 353 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Donaldson in the fourth quarter valued at approximately $91,000. Institutional investors and hedge funds own 82.81% of the company's stock.

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Insiders Place Their Bets

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the sale, the director now directly owns 26,420 shares of the company's stock, valued at $1,785,992. This trade represents a 34.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas R. Scalf sold 28,500 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,000 shares of company stock valued at $4,951,425. Corporate insiders own 2.70% of the company's stock.

Analyst Ratings Changes

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

Donaldson Price Performance

Shares of NYSE:DCI traded down $1.74 during midday trading on Friday, hitting $67.01. 627,789 shares of the stock were exchanged, compared to its average volume of 553,464. Donaldson Company, Inc. has a twelve month low of $65.10 and a twelve month high of $78.95. 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 company has a 50 day moving average price of $69.55 and a 200-day moving average price of $71.60. The stock has a market cap of $8.01 billion, a P/E ratio of 19.48, a PEG ratio of 1.82 and a beta of 1.04.

Donaldson (NYSE:DCI - Get Free Report) last announced 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 business had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. On average, research analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Thursday, February 13th. Donaldson's dividend payout ratio (DPR) is presently 31.58%.

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.