4,914 Shares in Donaldson Company, Inc. (NYSE:DCI) Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 4,914 shares of the industrial products company's stock, valued at approximately $331,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Franklin Resources Inc. lifted its position in shares of Donaldson by 2.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company's stock valued at $220,380,000 after acquiring an additional 73,234 shares during the period. Geode Capital Management LLC lifted its position in shares of Donaldson by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company's stock valued at $180,522,000 after acquiring an additional 118,156 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Donaldson by 7.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,267,274 shares of the industrial products company's stock valued at $85,351,000 after acquiring an additional 92,624 shares during the period. Scharf Investments LLC acquired a new position in shares of Donaldson during the 4th quarter worth approximately $61,697,000. Finally, Mcdaniel Terry & Co. raised its position in shares of Donaldson by 9.4% during the 4th quarter. Mcdaniel Terry & Co. now owns 561,818 shares of the industrial products company's stock worth $37,838,000 after purchasing an additional 48,485 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other news, President Thomas R. Scalf sold 28,500 shares of the business's stock in a transaction 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 directly owns 28,334 shares of the company's stock, valued at $1,961,279.48. The trade was a 50.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Trudy A. Rautio sold 14,000 shares of the business's stock in a transaction 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 sale, the director now directly owns 26,420 shares of the company's stock, valued at $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 72,000 shares of company stock valued at $4,951,425. Company insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on DCI. StockNews.com downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Morgan Stanley lifted their price objective on Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a research report on Wednesday, December 4th. Finally, Robert W. Baird lifted their price objective on Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $74.00.

Donaldson Trading Down 1.6 %

DCI stock traded down $1.07 during midday trading on Thursday, hitting $67.87. The stock had a trading volume of 700,941 shares, compared to its average volume of 517,261. The firm has a market cap of $8.11 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. 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 12-month low of $65.10 and a 12-month high of $78.95. The company's 50-day moving average price is $69.55 and its 200 day moving average price is $71.71.

Donaldson (NYSE:DCI - Get Free Report) last released its 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 during the quarter, compared to analysts' expectations of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. On average, equities research analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were paid a $0.27 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a yield of 1.59%. Donaldson's payout ratio is currently 31.58%.

About Donaldson

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.