Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group cut its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 34.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,805 shares of the industrial products company's stock after selling 9,997 shares during the period. Schroder Investment Management Group's holdings in Donaldson were worth $1,265,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DCI. Smartleaf Asset Management LLC increased its holdings in Donaldson by 43.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 180 shares during the last quarter. Venturi Wealth Management LLC boosted its position 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 buying an additional 369 shares during the period. GAMMA Investing LLC grew its stake in shares of Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock valued at $62,000 after buying an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Donaldson by 45.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company's stock valued at $77,000 after buying an additional 353 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new position in Donaldson during the 4th quarter worth about $91,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, Director James Owens sold 18,700 shares of the stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the transaction, the director now owns 20,246 shares of the company's stock, valued at $1,255,656.92. This represents a 48.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Thomas R. Scalf sold 29,500 shares of the firm's stock in a transaction 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 completion of the sale, the president now owns 28,334 shares in the company, valued at approximately $1,951,929.26. This represents a 51.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,700 shares of company stock worth $5,164,799 over the last 90 days. 2.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research note 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's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $74.00.

Donaldson Stock Up 2.0 %

Shares of NYSE:DCI traded up $1.23 during trading on Friday, hitting $63.38. The company's stock had a trading volume of 740,797 shares, compared to its average volume of 569,873. The company has a market capitalization of $7.57 billion, a PE ratio of 18.42, a P/E/G ratio of 1.82 and a beta of 1.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. Donaldson Company, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $78.95. The business has a 50 day moving average price of $67.58 and a two-hundred day moving average price of $70.87.

Donaldson (NYSE:DCI - Get Free Report) last released its earnings results on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). The company had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. As a group, research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were issued a $0.27 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a yield of 1.70%. Donaldson's dividend payout ratio (DPR) is 31.58%.

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.