MetLife Investment Management LLC Lowers Holdings in Donaldson Company, Inc. (NYSE:DCI)

MetLife Investment Management LLC lowered its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,225 shares of the industrial products company’s stock after selling 1,153 shares during the period. MetLife Investment Management LLC’s holdings in Donaldson were worth $4,586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Donaldson by 1.8% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company’s stock worth $134,832,000 after acquiring an additional 32,964 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Donaldson by 4.7% during the second 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in Donaldson by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock worth $93,770,000 after buying an additional 153,342 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Donaldson by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 1,285,130 shares of the industrial products company’s stock worth $91,964,000 after buying an additional 9,143 shares during the period. Finally, AQR Capital Management LLC boosted its position in Donaldson by 18.5% during the 2nd quarter. AQR Capital Management LLC now owns 754,631 shares of the industrial products company’s stock valued at $53,964,000 after acquiring an additional 117,874 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

Donaldson Stock Up 0.5 %

Shares of DCI stock opened at $78.05 on Monday. The stock’s fifty day moving average price is $75.02 and its 200 day moving average price is $73.42. Donaldson Company, Inc. has a 1-year low of $59.78 and a 1-year high of $78.95. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 2.05 and a beta of 1.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23.

Donaldson Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently weighed in on DCI. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. Stifel Nicolaus lowered their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $69.67.

Insider Activity

In other news, insider Amy C. Becker sold 14,500 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $72.89, for a total transaction of $1,056,905.00. Following the sale, the insider now directly owns 41,368 shares of the company’s stock, valued at $3,015,313.52. The trade was a 25.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas R. Scalf sold 4,295 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $73.33, for a total value of $314,952.35. Following the completion of the transaction, the president now owns 30,834 shares of the company’s stock, valued at $2,261,057.22. This trade represents a 12.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 167,805 shares of company stock worth $12,310,222 over the last 90 days. 2.70% of the stock is currently owned by corporate 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.