IQ EQ FUND MANAGEMENT IRELAND Ltd Trims Position in Donaldson Company, Inc. (NYSE:DCI)

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 58.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,713 shares of the industrial products company's stock after selling 16,771 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Donaldson were worth $789,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. IFP Advisors Inc increased its stake in Donaldson by 94.5% in the fourth quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company's stock valued at $185,000 after acquiring an additional 1,334 shares during the last quarter. Granite Bay Wealth Management LLC purchased a new position in shares of Donaldson during the 4th quarter valued at about $943,000. JPMorgan Chase & Co. raised its stake in shares of Donaldson by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company's stock worth $32,394,000 after acquiring an additional 23,758 shares in the last quarter. GAMMA Investing LLC raised its position in Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock worth $62,000 after purchasing an additional 206 shares during the period. Finally, Radnor Capital Management LLC lifted its stake in Donaldson by 21.4% in the fourth quarter. Radnor Capital Management LLC now owns 69,820 shares of the industrial products company's stock worth $4,702,000 after purchasing an additional 12,315 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

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Insider Buying and Selling

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction dated 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 approximately $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the president now owns 28,334 shares in the company, valued at approximately $1,961,279.48. The trade was a 50.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,000 shares of company stock worth $4,951,425 in the last quarter. Corporate insiders own 2.70% of the company's stock.

Donaldson Stock Up 0.5 %

Shares of Donaldson stock traded up $0.33 during trading on Tuesday, hitting $67.39. The company's stock had a trading volume of 150,191 shares, compared to its average volume of 612,208. Donaldson Company, Inc. has a 52 week low of $65.10 and a 52 week high of $78.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The company has a fifty day simple moving average of $69.39 and a two-hundred day simple moving average of $71.57. The company has a market capitalization of $8.05 billion, a PE ratio of 19.59, a P/E/G ratio of 1.82 and a beta of 1.04.

Donaldson (NYSE:DCI - Get Free Report) last released its 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). Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The business had revenue of $870.00 million for the quarter, compared to analysts' expectations of $908.32 million. Equities research analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Thursday, February 13th. Donaldson's dividend payout ratio is presently 31.58%.

Analyst Ratings Changes

DCI has been the topic of several analyst reports. Morgan Stanley lifted their price objective on Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a report on Wednesday, December 4th. 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 research 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 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. According to MarketBeat, Donaldson currently has a consensus rating of "Hold" and an average target price 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.