Victory Capital Management Inc. Has $1.51 Million Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Victory Capital Management Inc. lessened its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 18.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,388 shares of the industrial products company's stock after selling 5,098 shares during the quarter. Victory Capital Management Inc.'s holdings in Donaldson were worth $1,508,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its holdings in Donaldson by 94.5% in the fourth quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company's stock valued at $185,000 after purchasing an additional 1,334 shares in the last quarter. Granite Bay Wealth Management LLC purchased a new stake in shares of Donaldson during the fourth quarter worth approximately $943,000. JPMorgan Chase & Co. raised its position in Donaldson by 5.7% in the third quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company's stock worth $32,394,000 after acquiring an additional 23,758 shares in the last quarter. GAMMA Investing LLC raised its position in Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock worth $62,000 after acquiring an additional 206 shares in the last quarter. Finally, Radnor Capital Management LLC grew its holdings in Donaldson by 21.4% in the fourth quarter. Radnor Capital Management LLC now owns 69,820 shares of the industrial products company's stock valued at $4,702,000 after purchasing an additional 12,315 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

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Donaldson Price Performance

Shares of DCI traded down $0.55 during midday trading on Friday, reaching $67.31. The stock had a trading volume of 2,808,242 shares, compared to its average volume of 524,514. Donaldson Company, Inc. has a 52 week low of $65.10 and a 52 week high of $78.95. 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's 50 day moving average price is $69.56 and its 200-day moving average price is $71.65. The company has a market capitalization of $8.04 billion, a P/E ratio of 19.57, a P/E/G ratio of 1.82 and a beta of 1.04.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate 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 net margin of 11.56% and a return on equity of 29.07%. On average, analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a $0.27 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.60%. Donaldson's dividend payout ratio is currently 31.58%.

Analyst Ratings Changes

A number of analysts recently commented on DCI shares. Morgan Stanley increased their price objective 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 raised their price objective on Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Finally, StockNews.com downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $74.00.

Insiders Place Their Bets

In other news, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction that occurred on 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 owns 26,420 shares in the company, valued at $1,785,992. The trade was a 34.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Thomas R. Scalf sold 28,500 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the sale, the president now owns 28,334 shares in the company, valued at $1,961,279.48. This represents a 50.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,000 shares of company stock worth $4,951,425. 2.70% of the stock is currently owned by company 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.