Donaldson Company, Inc. (NYSE:DCI) Stake Reduced by Gabelli Funds LLC

Gabelli Funds LLC lessened its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 679,200 shares of the industrial products company's stock after selling 6,300 shares during the period. Gabelli Funds LLC owned about 0.57% of Donaldson worth $45,744,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Argent Trust Co raised its stake in shares of Donaldson by 3.3% in the 4th quarter. Argent Trust Co now owns 4,739 shares of the industrial products company's stock valued at $319,000 after purchasing an additional 152 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Donaldson by 43.2% in the fourth 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 raised its stake in Donaldson by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company's stock valued at $252,000 after buying an additional 187 shares in the last quarter. GAMMA Investing LLC lifted 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 buying an additional 206 shares during the last quarter. Finally, Signal Advisors Wealth LLC grew its position in shares of Donaldson by 5.6% in the 4th 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 in the last quarter. 82.81% of the stock is currently owned by institutional investors.

Insider Transactions at Donaldson

In related news, Director James Owens sold 18,700 shares of Donaldson stock in a transaction dated Thursday, April 10th. The shares were 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 in the company, 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 through the SEC website. Also, President Thomas R. Scalf sold 28,500 shares of the stock in a transaction dated 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 owns 28,334 shares of the company's stock, valued at $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 three months, insiders sold 76,700 shares of company stock worth $5,164,799. Company insiders own 2.70% of the company's stock.

Donaldson Stock Performance

Shares of NYSE DCI traded up $0.31 during mid-day trading on Friday, hitting $62.76. The company had a trading volume of 492,334 shares, compared to its average volume of 574,568. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $78.95. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.82 and a beta of 1.01. 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's 50 day simple moving average is $66.83 and its two-hundred day simple moving average is $70.52.

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 company 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%. As a group, equities research analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 annualized dividend and a dividend yield of 1.72%. Donaldson's payout ratio is currently 31.58%.

Analyst Ratings Changes

Several research firms recently issued reports on DCI. Stifel Nicolaus dropped their price target on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. StockNews.com cut shares of 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 given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $71.33.

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.