State Street Corp Sells 147,067 Shares of Donaldson Company, Inc. (NYSE:DCI)

State Street Corp trimmed its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,272,574 shares of the industrial products company's stock after selling 147,067 shares during the period. State Street Corp owned about 4.40% of Donaldson worth $388,589,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. CWM LLC raised its position in Donaldson by 66.5% in the 2nd quarter. CWM LLC now owns 6,006 shares of the industrial products company's stock worth $430,000 after purchasing an additional 2,399 shares during the period. Blue Trust Inc. lifted its stake in shares of Donaldson by 47.0% in the 2nd quarter. Blue Trust Inc. now owns 2,282 shares of the industrial products company's stock valued at $170,000 after acquiring an additional 730 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Donaldson during the 2nd quarter valued at about $2,899,000. Fifth Third Wealth Advisors LLC purchased a new stake in Donaldson during the 2nd quarter valued at about $264,000. Finally, Lecap Asset Management Ltd. grew its position in Donaldson by 72.5% during the 2nd quarter. Lecap Asset Management Ltd. now owns 19,130 shares of the industrial products company's stock worth $1,369,000 after acquiring an additional 8,041 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors.

Donaldson Trading Up 0.0 %

Donaldson stock traded up $0.01 during mid-day trading on Tuesday, reaching $72.57. 1,142,793 shares of the company traded hands, compared to its average volume of 503,545. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. Donaldson Company, Inc. has a 52-week low of $61.39 and a 52-week high of $78.95. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 1.91 and a beta of 1.04. The firm's 50 day moving average price is $75.07 and its 200 day moving average price is $73.38.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.01. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The company had revenue of $900.10 million during the quarter, compared to the consensus estimate of $888.88 million. During the same period in the prior year, the firm earned $0.75 earnings per share. Donaldson's revenue was up 6.4% on a year-over-year basis. On average, analysts anticipate that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a $0.27 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.49%. Donaldson's dividend payout ratio (DPR) is 31.40%.

Analyst Ratings Changes

A number of analysts have recently weighed in on DCI shares. Robert W. Baird increased their price objective on Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. StockNews.com raised shares of Donaldson from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 28th. Morgan Stanley upped their price objective on shares of Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a research note on Wednesday, December 4th. Finally, Stifel Nicolaus cut their target price on Donaldson from $76.00 to $71.00 and set a "hold" rating on the stock in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Donaldson has a consensus rating of "Hold" and a consensus price target of $74.00.

Insiders Place Their Bets

In other news, Director Willard D. Oberton sold 2,700 shares of Donaldson stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $73.37, for a total transaction of $198,099.00. Following the completion of the transaction, the director now directly owns 27,983 shares in the company, valued at approximately $2,053,112.71. This trade represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas R. Scalf sold 4,295 shares of the company's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $73.33, for a total value of $314,952.35. Following the completion of the sale, the president now owns 30,834 shares in the company, valued at $2,261,057.22. The trade was a 12.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 167,805 shares of company stock worth $12,310,222. 2.70% of the stock is owned by corporate insiders.

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.