Donaldson Company, Inc. (NYSE:DCI) Stake Lessened by Confluence Investment Management LLC

Confluence Investment Management LLC cut its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 328,449 shares of the industrial products company’s stock after selling 4,439 shares during the quarter. Confluence Investment Management LLC owned 0.28% of Donaldson worth $22,121,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Arizona State Retirement System grew its position in Donaldson by 2.1% during the second quarter. Arizona State Retirement System now owns 33,697 shares of the industrial products company’s stock valued at $2,411,000 after purchasing an additional 681 shares in the last quarter. Savant Capital LLC grew its holdings in shares of Donaldson by 46.2% during the 2nd quarter. Savant Capital LLC now owns 13,674 shares of the industrial products company’s stock valued at $979,000 after acquiring an additional 4,320 shares in the last quarter. Algert Global LLC increased its stake in shares of Donaldson by 1,554.0% in the second quarter. Algert Global LLC now owns 146,346 shares of the industrial products company’s stock worth $10,473,000 after acquiring an additional 137,498 shares during the last quarter. Jensen Investment Management Inc. raised its holdings in shares of Donaldson by 18.1% during the third quarter. Jensen Investment Management Inc. now owns 67,040 shares of the industrial products company’s stock worth $4,941,000 after acquiring an additional 10,280 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in Donaldson by 7.3% during the third quarter. Private Advisor Group LLC now owns 28,877 shares of the industrial products company’s stock valued at $2,128,000 after purchasing an additional 1,974 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

DCI has been the topic of several research reports. Robert W. Baird raised their price target on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. Finally, Morgan Stanley increased their price target on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. One equities 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, Donaldson presently has a consensus rating of “Hold” and a consensus target price of $74.00.

Donaldson Stock Performance

DCI traded up $0.14 during trading on Thursday, hitting $67.49. The stock had a trading volume of 69,185 shares, compared to its average volume of 514,086. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 12 month low of $61.79 and a 12 month high of $78.95. The company has a 50 day simple moving average of $73.58 and a 200-day simple moving average of $72.90. The firm has a market cap of $8.06 billion, a PE ratio of 19.62, a P/E/G ratio of 1.90 and a beta of 1.04.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business had revenue of $900.10 million during the quarter, compared to analysts’ expectations of $888.88 million. During the same quarter in the previous year, the firm earned $0.75 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. Analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a $0.27 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.08 annualized dividend and a yield of 1.60%. Donaldson’s dividend payout ratio is 31.40%.

Insider Transactions at Donaldson

In other Donaldson news, Director Willard D. Oberton sold 2,700 shares of Donaldson stock in a transaction on Friday, October 4th. The shares were sold at an average price of $73.37, for a total transaction of $198,099.00. Following the sale, the director now owns 27,983 shares in the company, valued at $2,053,112.71. The trade was a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Thomas R. Scalf sold 4,295 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $73.33, for a total transaction of $314,952.35. Following the completion of the transaction, the president now owns 30,834 shares of the company’s stock, valued at approximately $2,261,057.22. This represents a 12.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,495 shares of company stock worth $695,951. 2.70% of the stock is currently 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.