Prudential Financial Inc. Reduces Position in Donaldson Company, Inc. (NYSE:DCI)

Prudential Financial Inc. decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 417,105 shares of the industrial products company's stock after selling 56,350 shares during the quarter. Prudential Financial Inc. owned 0.35% of Donaldson worth $28,092,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock worth $40,000 after buying an additional 180 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Donaldson by 89.6% during the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock worth $53,000 after purchasing an additional 369 shares during the last quarter. GAMMA Investing LLC lifted its position in 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 purchasing an additional 206 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Donaldson by 45.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 353 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in Donaldson during the 4th quarter worth about $91,000. Hedge funds and other institutional investors own 82.81% of the company's stock.

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Donaldson Price Performance

Shares of DCI stock traded down $1.74 during mid-day trading on Friday, hitting $67.01. 627,789 shares of the stock were exchanged, compared to its average volume of 553,464. Donaldson Company, Inc. has a 52-week low of $65.10 and a 52-week high of $78.95. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The company has a market cap of $8.01 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. The firm has a fifty day moving average of $69.47 and a 200 day moving average of $71.59.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by ($0.02). The business had revenue of $870.00 million for the quarter, compared to analysts' expectations of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. Research analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson's payout ratio is presently 31.58%.

Insiders Place Their Bets

In related news, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total value of $946,400.00. Following the sale, the director now directly owns 26,420 shares in the company, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Thomas R. Scalf sold 29,500 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $68.89, for a total value of $2,032,255.00. Following the transaction, the president now directly owns 28,334 shares of the company's stock, valued at $1,951,929.26. The trade was a 51.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,000 shares of company stock worth $4,951,425. Company insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DCI shares. StockNews.com cut Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Morgan Stanley lifted their price target on Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a research report on Wednesday, December 4th. Finally, Robert W. Baird upped their price objective on Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. One investment 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's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $74.00.

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.