Great Lakes Advisors LLC Sells 924 Shares of Donaldson Company, Inc. (NYSE:DCI)

Great Lakes Advisors LLC decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 17.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,304 shares of the industrial products company’s stock after selling 924 shares during the period. Great Lakes Advisors LLC’s holdings in Donaldson were worth $290,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Scharf Investments LLC purchased a new position in shares of Donaldson during the 4th quarter valued at $61,697,000. Dudley & Shanley Inc. raised its holdings in Donaldson by 5,118.4% during the fourth quarter. Dudley & Shanley Inc. now owns 268,750 shares of the industrial products company’s stock valued at $18,100,000 after acquiring an additional 263,600 shares during the period. Swedbank AB purchased a new position in shares of Donaldson in the fourth quarter valued at about $17,471,000. Raymond James Financial Inc. bought a new position in shares of Donaldson in the fourth quarter worth about $13,865,000. Finally, Geode Capital Management LLC grew its position in shares of Donaldson by 5.1% during 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 in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Transactions at Donaldson

In related 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 value of $946,400.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas R. Scalf sold 29,500 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the transaction, the president now owns 28,334 shares in the company, valued at $1,951,929.26. This trade represents a 51.01 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Donaldson Trading Up 2.2 %

Shares of DCI opened at $68.51 on Monday. The stock has a market capitalization of $8.19 billion, a PE ratio of 19.91, a P/E/G ratio of 1.82 and a beta of 1.04. The company’s fifty day moving average is $69.48 and its 200 day moving average is $71.78. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. Donaldson Company, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $78.95.

Donaldson (NYSE:DCI) last posted its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business had revenue of $870.00 million during the quarter, compared to the consensus estimate of $908.32 million. Sell-side analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson’s payout ratio is 31.58%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Morgan Stanley upped their price target on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Finally, Robert W. Baird boosted their price target on shares of Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.