Thrivent Financial for Lutherans Sells 86,896 Shares of Donaldson Company, Inc. (NYSE:DCI)

Thrivent Financial for Lutherans trimmed its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 73.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,326 shares of the industrial products company's stock after selling 86,896 shares during the quarter. Thrivent Financial for Lutherans' holdings in Donaldson were worth $2,144,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its stake in Donaldson by 43.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 180 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Donaldson by 89.6% during the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock valued at $53,000 after buying an additional 369 shares in the last quarter. GAMMA Investing LLC increased its stake in Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock worth $62,000 after acquiring an additional 206 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Donaldson by 45.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company's stock worth $77,000 after acquiring an additional 353 shares during the last quarter. Finally, Kentucky Trust Co purchased a new stake in shares of Donaldson during the 4th quarter worth approximately $105,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Donaldson

In related news, President Thomas R. Scalf sold 29,500 shares of the business'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 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. The trade was a 51.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the director now owns 26,420 shares in the company, valued at $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,000 shares of company stock valued at $4,951,425 in the last quarter. 2.70% of the stock is owned by insiders.

Donaldson Trading Up 1.4 %

NYSE DCI traded up $0.95 on Wednesday, hitting $68.40. 455,182 shares of the stock were exchanged, compared to its average volume of 555,069. Donaldson Company, Inc. has a 52-week low of $65.10 and a 52-week high of $78.95. The firm has a market capitalization of $8.18 billion, a P/E ratio of 19.88, a P/E/G ratio of 1.82 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The stock has a fifty day moving average price of $69.24 and a two-hundred day moving average price of $71.53.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly 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 firm had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Research analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson's payout ratio is currently 31.58%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DCI shares. Morgan Stanley raised their target price on shares of Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a report on Wednesday, December 4th. StockNews.com downgraded shares of Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Finally, Robert W. Baird increased their price target on shares of Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. One equities research 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.