SFE Investment Counsel Has $5.36 Million Position in Donaldson Company, Inc. (NYSE:DCI)

SFE Investment Counsel lessened its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,559 shares of the industrial products company's stock after selling 3,686 shares during the period. SFE Investment Counsel owned about 0.07% of Donaldson worth $5,358,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DCI. Truist Financial Corp boosted its stake in Donaldson by 16.4% in the 2nd quarter. Truist Financial Corp now owns 5,697 shares of the industrial products company's stock worth $408,000 after purchasing an additional 804 shares during the period. GAMMA Investing LLC boosted its position in shares of 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 buying an additional 301 shares during the period. CWM LLC grew its holdings in shares of Donaldson by 24.6% during the third quarter. CWM LLC now owns 7,483 shares of the industrial products company's stock valued at $551,000 after buying an additional 1,477 shares in the last quarter. UMB Bank n.a. raised its position in Donaldson by 359.2% during the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company's stock valued at $26,000 after buying an additional 273 shares during the period. Finally, Creative Planning lifted its stake in Donaldson by 2.7% in the 3rd quarter. Creative Planning now owns 30,017 shares of the industrial products company's stock worth $2,212,000 after acquiring an additional 786 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Performance

DCI stock traded down $1.60 during midday trading on Monday, hitting $68.49. 668,717 shares of the company traded hands, compared to its average volume of 472,069. The business has a 50 day simple moving average of $69.70 and a 200-day simple moving average of $72.33. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a twelve month low of $65.91 and a twelve month high of $78.95. The stock has a market capitalization of $8.18 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06.

Donaldson (NYSE:DCI - Get Free Report) last announced its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm had revenue of $900.10 million for the quarter, compared to the consensus estimate of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The business's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. As a group, equities research analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be paid a $0.27 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.58%. Donaldson's payout ratio is 31.40%.

Insiders Place Their Bets

In related news, Director Trudy A. Rautio sold 14,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total value of $946,400.00. Following the completion of the transaction, the director now directly owns 26,420 shares of the company's stock, valued at $1,785,992. This trade represents a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

DCI has been the topic of several research analyst reports. Morgan Stanley lifted their target price on Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a research note on Wednesday, December 4th. Robert W. Baird lifted their target price on shares of Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Finally, StockNews.com downgraded shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Sunday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $74.00.

Donaldson Company 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.