Kayne Anderson Rudnick Investment Management LLC Has $128 Million Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Kayne Anderson Rudnick Investment Management LLC reduced its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,900,482 shares of the industrial products company's stock after selling 12,148 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 1.59% of Donaldson worth $127,998,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Donaldson by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company's stock worth $856,509,000 after buying an additional 33,139 shares in the last quarter. FMR LLC raised its holdings in Donaldson by 6.2% during the fourth quarter. FMR LLC now owns 3,994,275 shares of the industrial products company's stock worth $269,014,000 after purchasing an additional 231,424 shares in the last quarter. Franklin Resources Inc. lifted its position in Donaldson by 2.5% in the third quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company's stock worth $220,380,000 after purchasing an additional 73,234 shares during the period. Geode Capital Management LLC lifted its position in Donaldson by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 2,520,586 shares of the industrial products company's stock worth $169,804,000 after purchasing an additional 71,707 shares during the period. Finally, Fiduciary Management Inc. WI boosted its stake in Donaldson by 19.9% during the 4th quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company's stock valued at $148,795,000 after purchasing an additional 367,383 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Insider Buying and Selling at Donaldson

In other news, Director James Owens sold 18,700 shares of the company's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the transaction, the director now owns 20,246 shares in the company, valued at $1,255,656.92. This represents a 48.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Thomas R. Scalf sold 29,500 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 76,700 shares of company stock valued at $5,164,799 in the last three months. 2.70% of the stock is currently owned by company insiders.

Donaldson Price Performance

Shares of DCI traded up $1.96 during trading hours on Thursday, hitting $65.80. 488,730 shares of the company were exchanged, compared to its average volume of 574,005. The firm has a fifty day simple moving average of $66.44 and a 200-day simple moving average of $70.31. The company has a market capitalization of $7.86 billion, a PE ratio of 19.13, a PEG ratio of 1.82 and a beta of 1.01. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts' consensus estimates of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The company had revenue of $870.00 million during the quarter, compared to analysts' expectations of $908.32 million. As a group, sell-side analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The company also recently disclosed 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. This represents a $1.08 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson's payout ratio is 31.58%.

Analyst Ratings Changes

Several analysts have recently weighed in on DCI shares. StockNews.com lowered Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Stifel Nicolaus cut their price target on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a report on Monday, April 14th. One investment 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $71.33.

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.