Jensen Investment Management Inc. Has $5.19 Million Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Jensen Investment Management Inc. lifted its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 15.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,110 shares of the industrial products company's stock after purchasing an additional 10,070 shares during the quarter. Jensen Investment Management Inc. owned 0.06% of Donaldson worth $5,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in DCI. Smartleaf Asset Management LLC lifted its position in Donaldson by 43.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock worth $40,000 after buying an additional 180 shares in the last quarter. Venturi Wealth Management LLC raised its holdings 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 acquiring an additional 369 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Donaldson by 28.7% during 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 in the last quarter. EverSource Wealth Advisors LLC boosted its position in Donaldson by 45.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 353 shares during the last quarter. Finally, Kentucky Trust Co purchased a new position in Donaldson in the fourth quarter valued at about $105,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

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Donaldson Stock Performance

DCI stock traded down $1.07 during mid-day trading on Thursday, reaching $67.87. 701,355 shares of the stock traded hands, compared to its average volume of 517,261. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average of $69.55 and a two-hundred day moving average of $71.71. The firm has a market capitalization of $8.11 billion, a PE ratio of 19.73, 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.

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 analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $908.32 million. As a group, equities analysts predict 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 paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.59%. The ex-dividend date was Thursday, February 13th. Donaldson's payout ratio is currently 31.58%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley boosted their target price on shares of 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 upped their price objective on shares of Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Finally, StockNews.com lowered Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $74.00.

Insider Buying and Selling at Donaldson

In other news, President Thomas R. Scalf sold 29,500 shares of the company'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 transaction, the president now owns 28,334 shares of the company's stock, valued at approximately $1,951,929.26. This represents a 51.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction dated 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 directly owns 26,420 shares in the company, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,000 shares of company stock valued at $4,951,425 in the last ninety days. Company insiders own 2.70% of the company's stock.

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.