Donaldson Company, Inc. (NYSE:DCI) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,717,289 shares of the industrial products company's stock after buying an additional 33,139 shares during the quarter. Vanguard Group Inc. owned about 10.65% of Donaldson worth $856,509,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. IFP Advisors Inc boosted its position in Donaldson by 94.5% during the fourth quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company's stock worth $185,000 after acquiring an additional 1,334 shares during the last quarter. Granite Bay Wealth Management LLC acquired a new position in shares of Donaldson during the 4th quarter worth approximately $943,000. JPMorgan Chase & Co. grew its position in shares of Donaldson by 5.7% in the third quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company's stock valued at $32,394,000 after purchasing an additional 23,758 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 206 shares during the last quarter. Finally, Radnor Capital Management LLC lifted its position in Donaldson by 21.4% during the fourth quarter. Radnor Capital Management LLC now owns 69,820 shares of the industrial products company's stock worth $4,702,000 after buying an additional 12,315 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Donaldson

In other news, President Thomas R. Scalf sold 28,500 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the transaction, the president now directly owns 28,334 shares in the company, valued at $1,961,279.48. This trade represents a 50.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.70% of the stock is owned by insiders.

Donaldson Trading Down 6.7 %

NYSE:DCI traded down $4.59 on Thursday, reaching $63.71. The company's stock had a trading volume of 830,215 shares, compared to its average volume of 556,912. Donaldson Company, Inc. has a 12-month low of $63.64 and a 12-month high of $78.95. The stock has a 50 day moving average price of $69.08 and a 200 day moving average price of $71.47. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. 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 (NYSE:DCI - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. On average, equities analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The business also recently disclosed 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 was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.70%. Donaldson's payout ratio is currently 31.58%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DCI. Morgan Stanley upped their target price on Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a report on Wednesday, December 4th. StockNews.com lowered shares of Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Finally, Robert W. Baird raised their price objective on shares of Donaldson from $81.00 to $83.00 and gave the stock 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 MarketBeat.com, Donaldson presently has a consensus 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.