Parallel Advisors LLC Has $10.69 Million Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Parallel Advisors LLC reduced its holdings in Donaldson Company, Inc. (NYSE:DCI) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,657 shares of the industrial products company’s stock after selling 654 shares during the quarter. Parallel Advisors LLC owned approximately 0.13% of Donaldson worth $10,686,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DCI. Twin Tree Management LP bought a new stake in shares of Donaldson in the 4th quarter valued at $415,000. Jensen Investment Management Inc. raised its stake in Donaldson by 15.0% in the 4th quarter. Jensen Investment Management Inc. now owns 77,110 shares of the industrial products company’s stock valued at $5,193,000 after acquiring an additional 10,070 shares during the period. Picton Mahoney Asset Management raised its stake in Donaldson by 55.2% in the 4th quarter. Picton Mahoney Asset Management now owns 7,552 shares of the industrial products company’s stock valued at $508,000 after acquiring an additional 2,685 shares during the period. Commonwealth Equity Services LLC increased its position in Donaldson by 5.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 37,032 shares of the industrial products company’s stock worth $2,494,000 after buying an additional 1,959 shares during the period. Finally, Vestcor Inc increased its position in Donaldson by 181.6% during the 4th quarter. Vestcor Inc now owns 32,717 shares of the industrial products company’s stock worth $2,203,000 after buying an additional 21,097 shares during the period. Institutional investors own 82.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on DCI shares. Robert W. Baird increased their target price on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Finally, Morgan Stanley raised 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. 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 an average rating of “Hold” and a consensus price target of $74.00.

Donaldson Price Performance

Shares of DCI opened at $68.51 on Monday. Donaldson Company, Inc. has a 1 year low of $65.10 and a 1 year 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 company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. The business has a 50-day moving average of $69.48 and a 200-day moving average of $71.78.

Donaldson (NYSE:DCI) last issued its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The business had revenue of $870.00 million during the quarter, compared to the consensus estimate of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. As a group, equities research analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

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

Insider Activity

In other 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 transaction of $2,032,255.00. Following the completion of the sale, the president now owns 28,334 shares in the company, valued at $1,951,929.26. The trade was a 51.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Trudy A. Rautio sold 14,000 shares of the business’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 owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. This represents a 34.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

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.