Allspring Global Investments Holdings LLC Sells 390,431 Shares of Donaldson Company, Inc. (NYSE:DCI)

Allspring Global Investments Holdings LLC lessened its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 26.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,071,763 shares of the industrial products company's stock after selling 390,431 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.89% of Donaldson worth $78,989,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. UMB Bank n.a. boosted its position in Donaldson by 359.2% in 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 in the last quarter. Park Place Capital Corp acquired a new stake in Donaldson in the first quarter valued at approximately $27,000. Mather Group LLC. raised its stake in shares of Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company's stock worth $38,000 after buying an additional 404 shares during the period. Versant Capital Management Inc increased its stake in shares of Donaldson by 1,372.2% during the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company's stock worth $38,000 after purchasing an additional 494 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its stake in Donaldson by 52.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company's stock worth $45,000 after buying an additional 207 shares in the last quarter. Institutional investors own 82.81% of the company's stock.

Donaldson Price Performance

Shares of NYSE:DCI traded down $0.56 on Monday, reaching $75.14. 557,080 shares of the company were exchanged, compared to its average volume of 485,734. The company has a 50-day moving average of $72.63 and a 200-day moving average of $72.89. Donaldson Company, Inc. has a 1-year low of $57.05 and a 1-year high of $78.03. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The firm has a market cap of $9.05 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 1.92 and a beta of 1.04.

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

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Tuesday, August 13th. Donaldson's dividend payout ratio (DPR) is presently 33.44%.

Insider Buying and Selling at Donaldson

In related news, President Thomas R. Scalf sold 2,500 shares of Donaldson stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total value of $182,900.00. Following the completion of the sale, the president now owns 28,334 shares in the company, valued at approximately $2,072,915.44. The trade was a 0.00 % 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. In other news, Director James Owens sold 5,210 shares of Donaldson stock in a transaction that occurred on Wednesday, September 18th. The shares were 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 $1,276,111.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Thomas R. Scalf sold 2,500 shares of the firm's stock in a transaction on 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 directly owns 28,334 shares of the company's stock, valued at approximately $2,072,915.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 167,805 shares of company stock valued at $12,310,222 over the last 90 days. 2.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Raymond James initiated coverage on shares of Donaldson in a report on Friday, June 28th. They set a "market perform" rating for the company. Stifel Nicolaus reduced their price objective on shares of Donaldson from $76.00 to $71.00 and set a "hold" rating on the stock in a report on Thursday, August 29th. Finally, StockNews.com raised Donaldson from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $69.67.

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.