Sei Investments Co. Sells 13,437 Shares of Donaldson Company, Inc. (NYSE:DCI)

Sei Investments Co. trimmed its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,965 shares of the industrial products company's stock after selling 13,437 shares during the quarter. Sei Investments Co. owned approximately 0.11% of Donaldson worth $9,157,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. bought a new stake in shares of Donaldson during the fourth quarter worth approximately $91,000. Teacher Retirement System of Texas raised its position in shares of Donaldson by 11.9% during the 4th quarter. Teacher Retirement System of Texas now owns 176,444 shares of the industrial products company's stock valued at $11,884,000 after acquiring an additional 18,764 shares during the last quarter. Xponance Inc. lifted its stake in shares of Donaldson by 5.3% in the 4th quarter. Xponance Inc. now owns 13,671 shares of the industrial products company's stock valued at $921,000 after purchasing an additional 690 shares during the period. Intech Investment Management LLC boosted its position in shares of Donaldson by 157.4% in the 4th quarter. Intech Investment Management LLC now owns 9,381 shares of the industrial products company's stock worth $632,000 after purchasing an additional 5,736 shares during the last quarter. Finally, Twin Tree Management LP acquired a new stake in shares of Donaldson during the fourth quarter worth $415,000. 82.81% of the stock is owned by institutional investors.

Donaldson Stock Down 6.7 %

Shares of Donaldson stock traded down $4.59 during trading on Thursday, reaching $63.71. The stock had a trading volume of 830,215 shares, compared to its average volume of 556,912. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 1.82 and a beta of 1.01. The stock has a fifty day moving average price of $69.08 and a two-hundred day moving average price of $71.47. 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 $63.64 and a 52 week high of $78.95.

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Donaldson (NYSE:DCI - Get Free Report) last announced 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). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. Sell-side analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors 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 annualized dividend and a yield of 1.70%. Donaldson's dividend payout ratio (DPR) is presently 31.58%.

Insider Activity at Donaldson

In other news, President Thomas R. Scalf sold 29,500 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the sale, the president now owns 28,334 shares in the company, valued at $1,951,929.26. This represents a 51.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

DCI has been the topic of several recent analyst reports. StockNews.com lowered shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Morgan Stanley lifted their price objective on Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a report on Wednesday, December 4th. Finally, Robert W. Baird increased their target price on Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently 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.