Gamco Investors INC. ET AL Sells 14,400 Shares of Donaldson Company, Inc. (NYSE:DCI)

Gamco Investors INC. ET AL reduced its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 389,256 shares of the industrial products company's stock after selling 14,400 shares during the period. Gamco Investors INC. ET AL owned 0.33% of Donaldson worth $26,216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC raised its position in Donaldson by 19.3% in the third quarter. Barclays PLC now owns 83,738 shares of the industrial products company's stock valued at $6,171,000 after purchasing an additional 13,568 shares during the period. Geode Capital Management LLC increased its holdings in shares of Donaldson by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company's stock valued at $180,522,000 after acquiring an additional 118,156 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of Donaldson by 32.6% during the third quarter. TD Private Client Wealth LLC now owns 2,540 shares of the industrial products company's stock worth $187,000 after buying an additional 625 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Donaldson by 33.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 19,787 shares of the industrial products company's stock valued at $1,533,000 after purchasing an additional 4,908 shares during the last quarter. Finally, Tidal Investments LLC lifted its stake in shares of Donaldson by 26.9% in the 3rd quarter. Tidal Investments LLC now owns 9,327 shares of the industrial products company's stock worth $687,000 after acquiring an additional 1,980 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DCI. Stifel Nicolaus dropped their price objective on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research note on Monday, April 14th. StockNews.com downgraded shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $71.33.

Insider Activity

In other Donaldson news, President Thomas R. Scalf sold 28,500 shares of the 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 transaction, the president now directly owns 28,334 shares in the company, valued at $1,961,279.48. This trade represents a 50.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Owens sold 18,700 shares of the business's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $62.02, for a total value of $1,159,774.00. Following the transaction, the director now owns 20,246 shares in the company, valued at approximately $1,255,656.92. This represents a 48.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,700 shares of company stock valued at $5,164,799. 2.70% of the stock is currently owned by corporate insiders.

Donaldson Stock Performance

DCI stock traded up $0.31 during trading on Friday, reaching $62.76. 492,334 shares of the stock were exchanged, compared to its average volume of 574,568. The stock has a 50 day simple moving average of $66.83 and a 200-day simple moving average of $70.52. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $78.95. The company has a market capitalization of $7.50 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $870.00 million during the quarter, compared to analyst estimates of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. As a group, sell-side analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Thursday, February 13th. Donaldson's dividend payout ratio is 31.58%.

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.