Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC reduced its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 57.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,998 shares of the industrial products company's stock after selling 9,301 shares during the quarter. Verition Fund Management LLC's holdings in Donaldson were worth $516,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DCI. Los Angeles Capital Management LLC acquired a new stake in Donaldson during the second quarter valued at approximately $14,288,000. Jupiter Asset Management Ltd. increased its holdings in shares of Donaldson by 91.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 370,756 shares of the industrial products company's stock valued at $26,531,000 after acquiring an additional 177,078 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Donaldson by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company's stock valued at $93,770,000 after acquiring an additional 153,342 shares in the last quarter. Algert Global LLC lifted its stake in Donaldson by 1,554.0% during the second quarter. Algert Global LLC now owns 146,346 shares of the industrial products company's stock worth $10,473,000 after purchasing an additional 137,498 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Donaldson by 18.5% in the second quarter. AQR Capital Management LLC now owns 754,631 shares of the industrial products company's stock worth $53,964,000 after purchasing an additional 117,874 shares during the period. Institutional investors and hedge funds own 82.81% of the company's stock.

Donaldson Stock Performance

Shares of Donaldson stock traded up $0.02 during trading on Thursday, hitting $72.69. 539,140 shares of the stock were exchanged, compared to its average volume of 506,743. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. Donaldson Company, Inc. has a 12 month low of $61.79 and a 12 month high of $78.95. The stock's fifty day moving average is $75.03 and its 200 day moving average is $73.36. The stock has a market cap of $8.68 billion, a PE ratio of 21.13, a P/E/G ratio of 1.91 and a beta of 1.04.

Donaldson (NYSE:DCI - Get Free Report) last posted its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm had revenue of $900.10 million during the quarter, compared to analysts' expectations of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Donaldson's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS. As a group, sell-side analysts anticipate that Donaldson Company, Inc. will post 3.63 EPS for the current year.

Donaldson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Monday, December 9th. Donaldson's dividend payout ratio is currently 31.40%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DCI shares. Robert W. Baird increased their target price on shares of Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of Donaldson from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 28th. Morgan Stanley lifted their target price on Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a research note on Wednesday, December 4th. Finally, Stifel Nicolaus lowered their target price on Donaldson from $76.00 to $71.00 and set a "hold" rating for the company in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $74.00.

Insider Buying and Selling at Donaldson

In other news, Director James Owens sold 5,210 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total value of $373,765.40. Following the completion of the transaction, the director now directly owns 17,788 shares in the company, valued at $1,276,111.12. This trade represents a 22.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tod E. Carpenter sold 30,919 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $72.69, for a total transaction of $2,247,502.11. Following the transaction, the chief executive officer now owns 256,742 shares in the company, valued at $18,662,575.98. This represents a 10.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 167,805 shares of company stock valued at $12,310,222 in the last quarter. Corporate insiders own 2.70% of the company's stock.

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.