Fmr LLC Has $277.32 Million Stake in Donaldson Company, Inc. (NYSE:DCI)

FMR LLC decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 13.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,762,851 shares of the industrial products company's stock after selling 572,878 shares during the period. FMR LLC owned about 3.14% of Donaldson worth $277,322,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Donaldson by 1.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company's stock valued at $134,832,000 after purchasing an additional 32,964 shares in the last quarter. American Century Companies Inc. boosted its stake in Donaldson by 4.7% in the second quarter. American Century Companies Inc. now owns 1,691,903 shares of the industrial products company's stock valued at $121,073,000 after buying an additional 75,733 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Donaldson by 13.3% in the second 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 during the last quarter. Bank of New York Mellon Corp raised its stake in Donaldson by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 1,285,130 shares of the industrial products company's stock worth $91,964,000 after acquiring an additional 9,143 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 117,874 shares during the last quarter. 82.81% of the stock is owned by institutional investors.

Insider Transactions at Donaldson

In other news, CEO Tod E. Carpenter sold 30,919 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 256,742 shares in the company, valued at $18,662,575.98. This represents a 10.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Willard D. Oberton sold 2,700 shares of Donaldson stock in a transaction on Friday, October 4th. The stock was sold at an average price of $73.37, for a total transaction of $198,099.00. Following the transaction, the director now directly owns 27,983 shares of the company's stock, valued at $2,053,112.71. This represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 167,805 shares of company stock worth $12,310,222 over the last ninety days. 2.70% of the stock is owned by insiders.

Donaldson Trading Down 0.0 %

DCI traded down $0.02 during trading on Monday, reaching $78.03. 336,974 shares of the company's stock were exchanged, compared to its average volume of 488,296. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. Donaldson Company, Inc. has a one year low of $60.78 and a one year high of $78.95. The firm has a fifty day moving average price of $75.02 and a two-hundred day moving average price of $73.41. The stock has a market capitalization of $9.34 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 2.05 and a beta of 1.04.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a $0.27 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.38%. Donaldson's payout ratio is 31.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DCI shares. StockNews.com upgraded shares of Donaldson from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 28th. Stifel Nicolaus lowered their price target on shares of Donaldson from $76.00 to $71.00 and set a "hold" rating for the company in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Donaldson presently has a consensus rating of "Hold" and an average price target of $69.67.

About Donaldson

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.