Donaldson Company, Inc. (NYSE:DCI) Stock Holdings Boosted by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. boosted its position in Donaldson Company, Inc. (NYSE:DCI) by 70.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 626,776 shares of the industrial products company’s stock after purchasing an additional 258,800 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in Donaldson were worth $42,214,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DCI shares. StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Stifel Nicolaus reduced their price target on shares of Donaldson from $70.00 to $63.00 and set a “hold” rating for the company in a research note on Monday, April 14th. 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $71.33.

Donaldson Stock Down 0.3 %

DCI opened at $65.57 on Friday. 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 company has a market capitalization of $7.84 billion, a PE ratio of 19.06, a P/E/G ratio of 1.82 and a beta of 1.01. The stock’s fifty day moving average is $66.31 and its 200-day moving average is $70.18. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $78.95.

Donaldson (NYSE:DCI) last issued its quarterly 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 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%. On average, equities analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently declared 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 of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a yield of 1.65%. Donaldson’s dividend payout ratio (DPR) is 31.58%.

Insiders Place Their Bets

In related news, President Thomas R. Scalf sold 29,500 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $68.89, for a total value of $2,032,255.00. Following the completion of the transaction, the president now owns 28,334 shares in the company, valued at $1,951,929.26. This trade represents a 51.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Owens sold 18,700 shares of the business’s stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the sale, the director now owns 20,246 shares in the company, valued at approximately $1,255,656.92. The trade was a 48.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,700 shares of company stock worth $5,164,799. 2.70% of the stock is owned by insiders.

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.