Bartlett & CO. Wealth Management LLC Trims Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Bartlett & CO. Wealth Management LLC decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,222 shares of the industrial products company’s stock after selling 600 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Donaldson were worth $1,490,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in DCI. TD Asset Management Inc grew its stake in Donaldson by 23.7% during the 1st quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company’s stock worth $143,434,000 after buying an additional 367,705 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Donaldson by 1.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company’s stock valued at $134,832,000 after acquiring an additional 32,964 shares during the period. American Century Companies Inc. raised its position in Donaldson by 4.7% in the 2nd quarter. American Century Companies Inc. now owns 1,691,903 shares of the industrial products company’s stock valued at $121,073,000 after purchasing an additional 75,733 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in shares of Donaldson by 16.6% during the first quarter. Epoch Investment Partners Inc. now owns 1,331,717 shares of the industrial products company’s stock worth $99,453,000 after buying an additional 190,024 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Donaldson by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock worth $93,770,000 after acquiring an additional 153,342 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Performance

Shares of DCI opened at $75.70 on Friday. The company has a 50-day moving average of $72.63 and a two-hundred day moving average of $72.90. The stock has a market cap of $9.11 billion, a P/E ratio of 23.44, a PEG ratio of 1.92 and a beta of 1.04. Donaldson Company, Inc. has a 12-month low of $57.05 and a 12-month high of $78.03. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $935.40 million during the quarter, compared to the consensus estimate of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. As a group, research analysts predict that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 13th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Tuesday, August 13th. Donaldson’s dividend payout ratio is currently 33.44%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stifel Nicolaus decreased their price target on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. Raymond James initiated coverage on shares of Donaldson in a research note on Friday, June 28th. They set a “market perform” rating on the stock. Finally, StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $69.67.

Insider Buying and Selling

In other news, CFO Scott J. Robinson sold 83,600 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the completion of the transaction, the chief financial officer now owns 37,702 shares of the company’s stock, valued at $2,791,456.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Scott J. Robinson sold 83,600 shares of Donaldson stock in a transaction on Friday, September 27th. The stock was sold at an average price of $74.04, for a total value of $6,189,744.00. Following the transaction, the chief financial officer now owns 37,702 shares in the company, valued at approximately $2,791,456.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tod E. Carpenter sold 30,919 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $72.69, for a total value of $2,247,502.11. Following the sale, the chief executive officer now owns 256,742 shares of the company’s stock, valued at $18,662,575.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 167,805 shares of company stock worth $12,310,222. 2.58% of the stock is owned by company insiders.

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.