Intech Investment Management LLC Has $632,000 Holdings in Donaldson Company, Inc. (NYSE:DCI)

Intech Investment Management LLC lifted its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 157.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,381 shares of the industrial products company's stock after purchasing an additional 5,736 shares during the period. Intech Investment Management LLC's holdings in Donaldson were worth $632,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DCI. Smartleaf Asset Management LLC boosted its holdings 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 acquiring an additional 180 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Donaldson by 89.6% during the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock worth $53,000 after buying an additional 369 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock valued at $62,000 after buying an additional 206 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Donaldson by 45.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company's stock valued at $77,000 after acquiring an additional 353 shares during the last quarter. Finally, Kentucky Trust Co acquired a new stake in Donaldson during the 4th quarter worth $105,000. 82.81% of the stock is owned by institutional investors.

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Donaldson Stock Down 2.5 %

Shares of Donaldson stock traded down $1.74 during trading hours on Friday, reaching $67.01. 627,789 shares of the company's stock were exchanged, compared to its average volume of 552,874. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $69.55 and a two-hundred day moving average of $71.60. The stock has a market cap of $8.01 billion, a P/E ratio of 19.48, a P/E/G ratio of 1.82 and a beta of 1.04. Donaldson Company, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last posted 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 company had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. On average, sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Thursday, February 13th. Donaldson's payout ratio is presently 31.58%.

Insider Buying and Selling at Donaldson

In other news, President Thomas R. Scalf sold 29,500 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the completion of the sale, the president now owns 28,334 shares in the company, valued at approximately $1,951,929.26. This trade represents a 51.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Trudy A. Rautio sold 14,000 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 26,420 shares of the company's stock, valued at approximately $1,785,992. This represents a 34.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,000 shares of company stock valued at $4,951,425 in the last quarter. 2.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Robert W. Baird boosted their price objective on shares of Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Morgan Stanley raised their target price on shares of Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a report on Wednesday, December 4th. Finally, StockNews.com lowered 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 assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $74.00.

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.