Martingale Asset Management L P Has $4.58 Million Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Martingale Asset Management L P decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 73.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,174 shares of the industrial products company's stock after selling 175,676 shares during the period. Martingale Asset Management L P owned about 0.05% of Donaldson worth $4,582,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of Donaldson by 359.2% in the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 273 shares in the last quarter. Versant Capital Management Inc grew its position in Donaldson by 1,372.2% in the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 494 shares during the last quarter. Mather Group LLC. raised its stake in Donaldson by 408.1% during the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company's stock worth $38,000 after acquiring an additional 404 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Donaldson in the third quarter worth about $41,000. Finally, V Square Quantitative Management LLC boosted its stake in shares of Donaldson by 52.0% in the 3rd 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 in the last quarter. 82.81% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Amy C. Becker sold 14,500 shares of the business's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $72.89, for a total value of $1,056,905.00. Following the transaction, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total value of $182,900.00. Following the sale, the president now owns 28,334 shares of the company's stock, valued at approximately $2,072,915.44. The trade was a 8.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 167,805 shares of company stock valued at $12,310,222. Company insiders own 2.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on DCI shares. StockNews.com raised shares of Donaldson from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 28th. Stifel Nicolaus dropped their price target on Donaldson from $76.00 to $71.00 and set a "hold" rating for the company in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $69.67.

Donaldson Trading Up 0.5 %

NYSE:DCI traded up $0.41 during mid-day trading on Friday, hitting $78.05. 301,654 shares of the company's stock were exchanged, compared to its average volume of 489,001. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. Donaldson Company, Inc. has a fifty-two week low of $59.78 and a fifty-two week high of $78.95. The company has a 50 day simple moving average of $75.02 and a 200-day simple moving average of $73.44. The firm has a market capitalization of $9.35 billion, a P/E ratio of 23.09, a PEG ratio of 2.04 and a beta of 1.04.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. The company had revenue of $935.40 million for the quarter, compared to analysts' expectations of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. As a group, research analysts expect that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.27 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.38%. Donaldson's dividend payout ratio (DPR) is presently 31.95%.

Donaldson Company 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.