Dynamic Advisor Solutions LLC Cuts Stake in Donaldson Company, Inc. (NYSE:DCI)

Dynamic Advisor Solutions LLC lowered its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,026 shares of the industrial products company’s stock after selling 629 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Donaldson were worth $743,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DCI. Dudley & Shanley Inc. boosted its stake in Donaldson by 5,118.4% in the fourth quarter. Dudley & Shanley Inc. now owns 268,750 shares of the industrial products company’s stock valued at $18,100,000 after acquiring an additional 263,600 shares during the last quarter. Algert Global LLC raised its holdings in shares of Donaldson by 1,554.0% in the 2nd quarter. Algert Global LLC now owns 146,346 shares of the industrial products company’s stock worth $10,473,000 after purchasing an additional 137,498 shares during the period. Geode Capital Management LLC lifted its stake in Donaldson by 5.1% in the third quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock valued at $180,522,000 after purchasing an additional 118,156 shares during the last quarter. Eastern Bank bought a new position in Donaldson during the third quarter valued at $8,513,000. Finally, Capital Counsel LLC NY purchased a new stake in Donaldson in the third quarter worth $8,218,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Morgan Stanley upped their price target on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. Robert W. Baird increased their target price 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. Finally, StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Donaldson currently has an average rating of “Hold” and a consensus price target of $74.00.

Insider Transactions at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value 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 trade represents a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.70% of the company’s stock.

Donaldson Stock Performance

Shares of DCI opened at $72.28 on Monday. Donaldson Company, Inc. has a 52-week low of $64.06 and a 52-week high of $78.95. The stock’s 50-day simple moving average is $71.37 and its 200 day simple moving average is $72.66. 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 market capitalization of $8.63 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 1.87 and a beta of 1.06.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $900.10 million for the quarter, compared to the consensus estimate of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 earnings per share. Research analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a dividend of $0.27 per share. The ex-dividend date was Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.49%. Donaldson’s dividend payout ratio (DPR) is currently 31.40%.

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.