Globeflex Capital L P Lowers Stake in Donaldson Company, Inc. (NYSE:DCI)

Globeflex Capital L P cut its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 65.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,200 shares of the industrial products company's stock after selling 15,346 shares during the quarter. Globeflex Capital L P's holdings in Donaldson were worth $552,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DCI. Smartleaf Asset Management LLC increased its holdings in Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock worth $40,000 after purchasing an additional 180 shares during the period. CIBC Asset Management Inc increased its stake in shares of 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 during the period. Claro Advisors LLC raised its holdings in shares of Donaldson by 2.0% in the third quarter. Claro Advisors LLC now owns 10,242 shares of the industrial products company's stock valued at $755,000 after acquiring an additional 203 shares in the last quarter. GAMMA Investing LLC lifted its stake in Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock worth $62,000 after acquiring an additional 206 shares during the period. Finally, Hancock Whitney Corp grew its holdings in Donaldson by 1.2% during the 3rd quarter. Hancock Whitney Corp now owns 18,960 shares of the industrial products company's stock worth $1,397,000 after acquiring an additional 219 shares in the last quarter. Institutional investors own 82.81% of the company's stock.

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Donaldson Stock Up 1.1 %

NYSE:DCI traded up $0.73 during mid-day trading on Wednesday, hitting $68.95. 604,861 shares of the company's stock traded hands, compared to its average volume of 516,075. The company has a fifty day moving average of $69.53 and a 200 day moving average of $71.73. 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 twelve month low of $65.10 and a twelve month high of $78.95. The company has a market capitalization of $8.24 billion, a P/E ratio of 20.04, a P/E/G ratio of 1.82 and a beta of 1.04.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $870.00 million for 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%. On average, analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a dividend of $0.27 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.57%. Donaldson's dividend payout ratio is currently 31.58%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Morgan Stanley boosted their price target on Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a research report on Wednesday, December 4th. Robert W. Baird increased their price target on shares of Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. Finally, StockNews.com cut shares of Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $74.00.

Insider Buying and Selling at Donaldson

In related news, President Thomas R. Scalf sold 28,500 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the sale, the president now directly owns 28,334 shares of the company's stock, valued at $1,961,279.48. This trade represents a 50.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Trudy A. Rautio sold 14,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the completion of the transaction, the director now directly owns 26,420 shares of the company's stock, valued at $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,000 shares of company stock worth $4,951,425. 2.70% of the stock is currently owned by insiders.

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.