First Trust Advisors LP Has $60.02 Million Position in Donaldson Company, Inc. (NYSE:DCI)

First Trust Advisors LP lowered its holdings in Donaldson Company, Inc. (NYSE:DCI) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 891,184 shares of the industrial products company’s stock after selling 34,872 shares during the period. First Trust Advisors LP’s holdings in Donaldson were worth $60,021,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 180 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Donaldson by 89.6% in the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 369 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Donaldson by 28.7% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 206 shares during the period. EverSource Wealth Advisors LLC grew its position in Donaldson by 45.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 353 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in Donaldson by 61.9% in the 4th quarter. National Bank of Canada FI now owns 1,206 shares of the industrial products company’s stock valued at $81,000 after buying an additional 461 shares during the period. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Transactions at Donaldson

In related news, Director James Owens sold 18,700 shares of Donaldson stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $62.02, for a total value of $1,159,774.00. Following the transaction, the director now owns 20,246 shares in the company, valued at $1,255,656.92. This trade represents a 48.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Thomas R. Scalf sold 29,500 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the sale, the president now owns 28,334 shares of the company’s stock, valued at $1,951,929.26. This trade represents a 51.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,700 shares of company stock worth $5,164,799. 2.70% of the stock is owned by insiders.

Donaldson Stock Up 2.7 %

Donaldson stock opened at $63.35 on Wednesday. The company has a market capitalization of $7.57 billion, a P/E ratio of 18.42, a P/E/G ratio of 1.82 and a beta of 1.01. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $78.95. The firm’s fifty day simple moving average is $66.54 and its 200-day simple moving average is $70.35. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The company had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. Sell-side 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 declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson’s dividend payout ratio is 31.58%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DCI. Stifel Nicolaus lowered their price target on shares of Donaldson from $70.00 to $63.00 and set a “hold” rating on the stock in a report on Monday, April 14th. StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $71.33.

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.