Claro Advisors LLC Sells 1,383 Shares of Donaldson Company, Inc. (NYSE:DCI)

Claro Advisors LLC reduced its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,859 shares of the industrial products company’s stock after selling 1,383 shares during the period. Claro Advisors LLC’s holdings in Donaldson were worth $597,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. grew its holdings in shares of Donaldson by 2.5% in the third quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company’s stock worth $220,380,000 after purchasing an additional 73,234 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Donaldson by 5.1% in the third quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock worth $180,522,000 after purchasing an additional 118,156 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Donaldson by 1.8% in the second 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 purchasing an additional 32,964 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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 purchasing an additional 153,342 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Donaldson by 18.5% in the second quarter. AQR Capital Management LLC now owns 754,631 shares of the industrial products company’s stock worth $53,964,000 after purchasing an additional 117,874 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Donaldson

In other news, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the transaction, the director now directly owns 26,420 shares in the company, valued at $1,785,992. This trade represents a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.70% of the company’s stock.

Donaldson Stock Performance

Shares of DCI stock opened at $66.99 on Tuesday. The stock has a fifty day moving average of $72.50 and a 200 day moving average of $72.64. Donaldson Company, Inc. has a 52 week low of $62.77 and a 52 week high of $78.95. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 1.89 and a beta of 1.06. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35.

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

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.61%. The ex-dividend date was Monday, December 9th. Donaldson’s dividend payout ratio is currently 31.40%.

Analyst Upgrades and Downgrades

DCI has been the topic of several recent analyst reports. Robert W. Baird raised their target price on shares of Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Morgan Stanley raised their target price on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, December 4th. Finally, StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.00.

About Donaldson

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.