Mutual of America Capital Management LLC lowered its stake in Donaldson Company, Inc. (NYSE:DCI – Free Report) by 3.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 59,436 shares of the industrial products company’s stock after selling 2,029 shares during the period. Mutual of America Capital Management LLC’s holdings in Donaldson were worth $4,122,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC bought a new stake in Donaldson in the 2nd quarter valued at $679,475,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Donaldson by 75.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,330,602 shares of the industrial products company’s stock valued at $223,350,000 after purchasing an additional 1,430,120 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in shares of Donaldson by 7.8% in the second quarter. Boston Trust Walden Corp now owns 2,825,916 shares of the industrial products company’s stock valued at $195,977,000 after purchasing an additional 203,957 shares in the last quarter. Fiduciary Management Inc. WI lifted its holdings in shares of Donaldson by 13.1% in the first quarter. Fiduciary Management Inc. WI now owns 2,499,756 shares of the industrial products company’s stock valued at $167,634,000 after purchasing an additional 290,477 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Donaldson by 12.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,818,227 shares of the industrial products company’s stock valued at $121,926,000 after purchasing an additional 202,746 shares in the last quarter. 82.81% of the stock is owned by institutional investors.
Insider Activity at Donaldson
In other news, President Guillermo Briseno sold 13,500 shares of Donaldson stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $79.03, for a total value of $1,066,905.00. Following the transaction, the president owned 25,309 shares in the company, valued at approximately $2,000,170.27. This trade represents a 34.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Amy C. Becker sold 18,500 shares of Donaldson stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $81.71, for a total value of $1,511,635.00. Following the completion of the transaction, the insider owned 44,645 shares in the company, valued at approximately $3,647,942.95. The trade was a 29.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,900 shares of company stock valued at $5,129,264 over the last three months. 2.20% of the stock is owned by insiders.
Donaldson Price Performance
Donaldson (NYSE:DCI – Get Free Report) last released its earnings results on Tuesday, February 28th. The industrial products company reported $0.57 EPS for the quarter. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. The firm had revenue of $802.50 million for the quarter. As a group, research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.
Donaldson Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 12th. Donaldson’s dividend payout ratio (DPR) is 39.34%.
Analyst Upgrades and Downgrades
DCI has been the topic of several research reports. Stifel Nicolaus boosted their target price on Donaldson from $69.00 to $84.00 and gave the company a “hold” rating in a research note on Thursday, August 28th. Morgan Stanley boosted their price target on shares of Donaldson from $69.00 to $72.00 and gave the stock an “underweight” rating in a research report on Tuesday, September 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Donaldson in a research note on Tuesday, October 14th. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Robert W. Baird increased their target price on Donaldson from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $80.33.
Check Out Our Latest Stock Analysis on Donaldson
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.
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