Janus Henderson Group PLC Sells 113,729 Shares of Donaldson Company, Inc. (NYSE:DCI)

Janus Henderson Group PLC trimmed its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 8.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,274,771 shares of the industrial products company's stock after selling 113,729 shares during the quarter. Janus Henderson Group PLC owned approximately 1.06% of Donaldson worth $93,951,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in shares of Donaldson by 359.2% during the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company's stock worth $26,000 after purchasing an additional 273 shares during the last quarter. Mather Group LLC. raised its holdings in Donaldson by 408.1% in the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company's stock valued at $38,000 after buying an additional 404 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Donaldson during the third quarter valued at approximately $41,000. V Square Quantitative Management LLC raised its stake in shares of Donaldson by 52.0% during the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 207 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Donaldson by 72.0% during the third quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company's stock worth $53,000 after buying an additional 301 shares in the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Trading Down 0.4 %

NYSE DCI traded down $0.31 on Thursday, hitting $73.05. 764,494 shares of the company were exchanged, compared to its average volume of 499,826. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.23. Donaldson Company, Inc. has a twelve month low of $61.00 and a twelve month high of $78.95. The company's 50 day moving average price is $75.13 and its 200-day moving average price is $73.43. The firm has a market capitalization of $8.75 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 1.91 and a beta of 1.04.

Donaldson (NYSE:DCI - Get Free Report) last released its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The company had revenue of $900.10 million for the quarter, compared to analysts' expectations of $888.88 million. During the same quarter in the previous year, the business posted $0.75 EPS. The business's revenue for the quarter was up 6.4% on a year-over-year basis. Analysts predict that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.27 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.48%. Donaldson's payout ratio is 31.40%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DCI shares. Morgan Stanley raised their price target on shares of Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a research report on Wednesday. Stifel Nicolaus reduced their price target on shares of Donaldson from $76.00 to $71.00 and set a "hold" rating for the company in a report on Thursday, August 29th. Robert W. Baird boosted their price target on shares of Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, StockNews.com upgraded shares of Donaldson from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $74.00.

Insider Activity at Donaldson

In other news, insider Amy C. Becker sold 14,500 shares of the company's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $72.89, for a total transaction of $1,056,905.00. Following the completion of the transaction, the insider now directly owns 41,368 shares in the company, valued at $3,015,313.52. The trade was a 25.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Owens sold 5,210 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the transaction, the director now owns 17,788 shares of the company's stock, valued at approximately $1,276,111.12. This trade represents a 22.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,805 shares of company stock valued at $12,310,222. 2.70% of the stock is owned by corporate 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.