Point72 DIFC Ltd Sells 8,879 Shares of Donaldson Company, Inc. (NYSE:DCI)

Point72 DIFC Ltd trimmed its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 81.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,041 shares of the industrial products company's stock after selling 8,879 shares during the quarter. Point72 DIFC Ltd's holdings in Donaldson were worth $150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. UMB Bank n.a. lifted its position in Donaldson by 359.2% in the third 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 during the period. Capital Performance Advisors LLP acquired a new stake in Donaldson in the third quarter worth approximately $41,000. V Square Quantitative Management LLC lifted its position in Donaldson by 52.0% in the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company's stock worth $45,000 after purchasing an additional 207 shares during the period. GAMMA Investing LLC lifted its position in Donaldson by 72.0% in the third quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company's stock worth $53,000 after purchasing an additional 301 shares during the period. Finally, Headlands Technologies LLC lifted its position in Donaldson by 221.0% in the second quarter. Headlands Technologies LLC now owns 1,011 shares of the industrial products company's stock worth $72,000 after purchasing an additional 696 shares during the period. 82.81% of the stock is owned by institutional investors.

Insider Transactions at Donaldson

In other news, President Thomas R. Scalf sold 2,500 shares of the company's 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 transaction, the president now directly owns 28,334 shares of the company's stock, valued at approximately $2,072,915.44. This represents a 8.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Scott J. Robinson sold 83,600 shares of the company's stock in a transaction on Friday, September 27th. The stock was sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the completion of the transaction, the chief financial officer now directly owns 37,702 shares in the company, valued at $2,791,456.08. This trade represents a 68.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 167,805 shares of company stock valued at $12,310,222. 2.70% of the stock is owned by insiders.

Donaldson Stock Performance

NYSE:DCI remained flat at $72.61 during trading hours on Monday. 360,958 shares of the company's stock traded hands, compared to its average volume of 499,366. The business's fifty day simple moving average is $75.09 and its 200 day simple moving average is $73.39. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 52 week low of $61.39 and a 52 week high of $78.95. The firm has a market capitalization of $8.70 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 1.91 and a beta of 1.04.

Donaldson (NYSE:DCI - Get Free Report) last announced its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The company had revenue of $900.10 million for the quarter, compared to the consensus estimate of $888.88 million. During the same period in the previous year, the business earned $0.75 EPS. The company's revenue was up 6.4% on a year-over-year basis. Research analysts predict that Donaldson Company, Inc. will post 3.63 EPS for the current year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Monday, December 9th. Donaldson's dividend payout ratio (DPR) is currently 31.40%.

Analyst Ratings Changes

A number of brokerages have recently commented on DCI. Morgan Stanley increased their price objective on Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a research report on Wednesday, December 4th. Robert W. Baird increased their price objective on Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. StockNews.com upgraded Donaldson from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 28th. Finally, Stifel Nicolaus cut their price objective on Donaldson from $76.00 to $71.00 and set a "hold" rating for the company in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $74.00.

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.