Corebridge Financial Inc. Sells 6,882 Shares of Donaldson Company, Inc. (NYSE:DCI)

Corebridge Financial Inc. lowered its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,500 shares of the industrial products company's stock after selling 6,882 shares during the period. Corebridge Financial Inc. owned about 0.11% of Donaldson worth $9,126,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in DCI. Smartleaf Asset Management LLC increased its stake in Donaldson by 43.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after buying an additional 180 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Donaldson by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company's stock valued at $252,000 after acquiring an additional 187 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Donaldson by 28.7% during the fourth 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 during the last quarter. Signal Advisors Wealth LLC lifted its holdings in Donaldson by 5.6% during the fourth quarter. Signal Advisors Wealth LLC now owns 4,709 shares of the industrial products company's stock worth $317,000 after acquiring an additional 249 shares during the period. Finally, Truist Financial Corp boosted 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 during the last quarter. 82.81% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DCI shares. Robert W. Baird lifted their target price on Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. 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 report on Wednesday, December 4th. Finally, StockNews.com cut shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 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. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $74.00.

Donaldson Stock Performance

Shares of NYSE DCI traded up $0.42 during trading on Tuesday, reaching $67.48. 643,385 shares of the stock traded hands, compared to its average volume of 555,069. 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 stock has a market capitalization of $8.07 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. Donaldson Company, Inc. has a 52-week low of $65.10 and a 52-week high of $78.95. The company has a 50-day moving average of $69.30 and a 200-day moving average of $71.55.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). The business had revenue of $870.00 million for the quarter, compared to analysts' expectations of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were paid a $0.27 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.60%. Donaldson's dividend payout ratio is 31.58%.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the transaction, the director now owns 26,420 shares of the company's stock, valued at $1,785,992. The trade was a 34.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Thomas R. Scalf sold 28,500 shares of the stock in a transaction dated 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 directly owns 28,334 shares in the company, valued at approximately $1,961,279.48. The trade was a 50.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,000 shares of company stock valued at $4,951,425 in the last 90 days. 2.70% of the stock is currently owned by company insiders.

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.