Bridgewater Associates LP Cuts Position in Donaldson Company, Inc. (NYSE:DCI)

Bridgewater Associates LP lowered its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 2.4% during the third quarter, Holdings Channel reports. The institutional investor owned 28,544 shares of the industrial products company’s stock after selling 713 shares during the period. Bridgewater Associates LP’s holdings in Donaldson were worth $2,104,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Capital Counsel LLC NY purchased a new stake in shares of Donaldson during the 3rd quarter worth approximately $8,218,000. BNP Paribas Financial Markets raised its holdings in Donaldson by 263.4% during the third quarter. BNP Paribas Financial Markets now owns 52,637 shares of the industrial products company’s stock worth $3,879,000 after purchasing an additional 38,152 shares during the last quarter. Quantbot Technologies LP boosted its position in Donaldson by 516.3% during the third quarter. Quantbot Technologies LP now owns 22,502 shares of the industrial products company’s stock worth $1,658,000 after purchasing an additional 18,851 shares in the last quarter. Bank of Montreal Can grew its holdings in Donaldson by 108.5% in the third quarter. Bank of Montreal Can now owns 74,228 shares of the industrial products company’s stock valued at $5,480,000 after purchasing an additional 38,626 shares during the last quarter. Finally, Hancock Whitney Corp increased its position in shares of Donaldson by 1.2% in the third quarter. Hancock Whitney Corp now owns 18,960 shares of the industrial products company’s stock valued at $1,397,000 after buying an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Stifel Nicolaus decreased their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $69.67.

Donaldson Trading Up 0.5 %

Shares of DCI stock opened at $78.05 on Friday. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 2.04 and a beta of 1.04. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $75.02 and a 200 day moving average price of $73.44. Donaldson Company, Inc. has a twelve month low of $59.78 and a twelve month high of $78.95.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. The business had revenue of $935.40 million for 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%. Research analysts forecast that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, December 9th. Donaldson’s dividend payout ratio (DPR) is 31.95%.

Insider Activity

In related news, Director Willard D. Oberton sold 2,700 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $73.37, for a total value of $198,099.00. Following the sale, the director now directly owns 27,983 shares of the company’s stock, valued at approximately $2,053,112.71. This trade represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas R. Scalf sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total transaction of $182,900.00. Following the transaction, the president now directly owns 28,334 shares of the company’s stock, valued at $2,072,915.44. This trade represents a 8.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 167,805 shares of company stock valued at $12,310,222 over the last quarter. Company insiders own 2.70% of the company’s stock.

Donaldson 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.