Geneva Capital Management LLC Sells 8,983 Shares of Donaldson Company, Inc. (NYSE:DCI)

Geneva Capital Management LLC trimmed its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 698,343 shares of the industrial products company's stock after selling 8,983 shares during the quarter. Geneva Capital Management LLC owned approximately 0.58% of Donaldson worth $47,033,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake 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 period. Capital Performance Advisors LLP acquired a new position in shares of Donaldson during the 3rd quarter worth approximately $41,000. Venturi Wealth Management LLC raised its stake in Donaldson by 89.6% in the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 369 shares during the period. 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 valued at $62,000 after purchasing an additional 206 shares during the last quarter. Finally, Kentucky Trust Co bought a new stake in shares of Donaldson during the 4th quarter worth about $105,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DCI. Robert W. Baird increased their price objective on Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. StockNews.com lowered Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Finally, Morgan Stanley lifted their price target on shares of Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a report on Wednesday, December 4th. One 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. According to MarketBeat.com, Donaldson has a consensus rating of "Hold" and a consensus target price of $74.00.

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Donaldson Price Performance

DCI stock traded up $0.32 during midday trading on Monday, reaching $70.06. 856,461 shares of the stock were exchanged, compared to its average volume of 558,204. 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 $8.37 billion, a PE ratio of 20.37, a P/E/G 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 fifty day moving average price of $69.38 and a 200 day moving average price of $71.97.

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

Donaldson Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.54%. The ex-dividend date was Thursday, February 13th. Donaldson's dividend payout ratio is currently 31.58%.

Insider Buying and Selling

In related news, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total value of $946,400.00. Following the transaction, the director now directly owns 26,420 shares in the company, valued at $1,785,992. This trade represents a 34.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Thomas R. Scalf sold 29,500 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the sale, the president now directly owns 28,334 shares of the company's stock, valued at approximately $1,951,929.26. The trade was a 51.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is owned by 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.