TD Asset Management Inc. decreased its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,390,065 shares of the industrial products company's stock after selling 128,156 shares during the quarter. TD Asset Management Inc. owned approximately 1.16% of Donaldson worth $93,621,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Pathstone Holdings LLC grew its stake in shares of Donaldson by 8.5% during the third quarter. Pathstone Holdings LLC now owns 19,634 shares of the industrial products company's stock worth $1,447,000 after purchasing an additional 1,534 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Donaldson by 305.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,552 shares of the industrial products company's stock worth $1,588,000 after buying an additional 16,237 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Donaldson by 197.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,073 shares of the industrial products company's stock worth $153,000 after acquiring an additional 1,376 shares in the last quarter. Raymond James Trust N.A. increased its holdings in shares of Donaldson by 35.0% in the 3rd quarter. Raymond James Trust N.A. now owns 7,663 shares of the industrial products company's stock valued at $565,000 after acquiring an additional 1,986 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its position in shares of Donaldson by 116.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 16,380 shares of the industrial products company's stock worth $1,207,000 after acquiring an additional 8,817 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.
Donaldson Stock Performance
Shares of DCI stock traded down $1.74 during trading hours on Friday, hitting $67.01. The stock had a trading volume of 627,789 shares, compared to its average volume of 553,464. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The firm has a market capitalization of $8.01 billion, a PE ratio of 19.48, a PEG ratio of 1.82 and a beta of 1.04. The stock's 50 day moving average is $69.47 and its 200 day moving average is $71.58. Donaldson Company, Inc. has a twelve month low of $65.10 and a twelve month high of $78.95.
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 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 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 forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.
Donaldson Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.61%. The ex-dividend date was Thursday, February 13th. Donaldson's dividend payout ratio is presently 31.58%.
Analysts Set New Price Targets
Several equities analysts have commented on DCI shares. 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 increased their target price on shares of 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 boosted their price target on shares of Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Donaldson presently has an average rating of "Hold" and an average target price of $74.00.
View Our Latest Analysis on DCI
Insiders Place Their Bets
In other news, 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 trade represents a 51.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 72,000 shares of company stock valued at $4,951,425. 2.70% of the stock is owned by company insiders.
About Donaldson
(
Free Report)
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.
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