Point72 Hong Kong Ltd Sells 17,605 Shares of Donaldson Company, Inc. (NYSE:DCI)

Point72 Hong Kong Ltd reduced its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 46.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,023 shares of the industrial products company's stock after selling 17,605 shares during the quarter. Point72 Hong Kong Ltd's holdings in Donaldson were worth $1,476,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. UMB Bank n.a. raised 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 acquiring an additional 273 shares during the period. Versant Capital Management Inc raised its position in shares of 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 purchasing an additional 494 shares during the period. Mather Group LLC. raised its position in shares of Donaldson by 408.1% in the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 404 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Donaldson in the third quarter valued at approximately $41,000. Finally, V Square Quantitative Management LLC raised its position in shares of Donaldson by 52.0% in the third 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 during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Price Performance

DCI stock traded down $0.09 during midday trading on Monday, reaching $77.96. The company had a trading volume of 280,346 shares, compared to its average volume of 488,068. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. Donaldson Company, Inc. has a 1 year low of $60.78 and a 1 year high of $78.95. The firm has a 50-day moving average price of $75.02 and a 200-day moving average price of $73.41. The company has a market capitalization of $9.34 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.05 and a beta of 1.04.

Donaldson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Monday, December 9th. Donaldson's dividend payout ratio is currently 31.95%.

Analysts Set New Price Targets

DCI has been the topic of several research reports. Stifel Nicolaus lowered their price target on shares of Donaldson from $76.00 to $71.00 and set a "hold" rating on the stock in a research report on Thursday, August 29th. StockNews.com raised shares of 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 given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $69.67.

Insider Activity at Donaldson

In other news, Director James Owens sold 5,210 shares of the firm's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total value of $373,765.40. Following the completion of the sale, the director now directly owns 17,788 shares of the company's stock, valued at approximately $1,276,111.12. This trade represents a 22.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Scott J. Robinson sold 83,600 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer now directly owns 37,702 shares of the company's stock, valued at approximately $2,791,456.08. This represents a 68.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 167,805 shares of company stock valued at $12,310,222. Insiders own 2.70% of the company's stock.

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.