Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lowered its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 27.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,526 shares of the industrial products company's stock after selling 9,158 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Donaldson were worth $1,652,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DCI. Smartleaf Asset Management LLC increased its stake in shares of Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock worth $40,000 after purchasing an additional 180 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Donaldson by 89.6% during the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock valued at $53,000 after buying an additional 369 shares during the period. 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 valued at $62,000 after acquiring an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Donaldson by 45.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company's stock worth $77,000 after acquiring an additional 353 shares during the period. Finally, National Bank of Canada FI boosted its position in shares of Donaldson by 61.9% during the fourth quarter. National Bank of Canada FI now owns 1,206 shares of the industrial products company's stock valued at $81,000 after purchasing an additional 461 shares in the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Stock Up 0.5 %

Donaldson stock traded up $0.31 during trading hours on Friday, reaching $62.76. The stock had a trading volume of 492,334 shares, compared to its average volume of 574,568. The business's 50 day moving average price is $66.83 and its 200-day moving average price is $70.52. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 18.24, 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 (NYSE:DCI - Get Free Report) last announced 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 net margin of 11.56% and a return on equity of 29.07%. The company had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. Sell-side analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

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. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.72%. Donaldson's payout ratio is currently 31.58%.

Insider Buying and Selling

In other Donaldson news, President Thomas R. Scalf sold 29,500 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $68.89, for a total value of $2,032,255.00. Following the sale, the president now directly owns 28,334 shares of the company's stock, valued at approximately $1,951,929.26. This trade represents a 51.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Owens sold 18,700 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the completion of the transaction, the director now owns 20,246 shares in the company, valued at $1,255,656.92. The trade was a 48.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,700 shares of company stock valued at $5,164,799. Corporate insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DCI. Stifel Nicolaus reduced their price target on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research report on Monday. StockNews.com downgraded shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently 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.