Securian Asset Management Inc. Has $610,000 Stake in Donaldson Company, Inc. (NYSE:DCI)

Securian Asset Management Inc. trimmed its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,052 shares of the industrial products company’s stock after selling 310 shares during the period. Securian Asset Management Inc.’s holdings in Donaldson were worth $610,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position in shares of Donaldson by 45.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 353 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Donaldson during the fourth quarter worth approximately $331,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Donaldson by 8.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,791 shares of the industrial products company’s stock worth $1,872,000 after purchasing an additional 2,236 shares in the last quarter. Intellectus Partners LLC acquired a new position in shares of Donaldson during the fourth quarter worth approximately $236,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Donaldson by 26.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 64,501 shares of the industrial products company’s stock worth $4,344,000 after purchasing an additional 13,620 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Trading Up 2.2 %

Shares of NYSE DCI opened at $68.51 on Monday. The company’s 50 day simple moving average is $69.48 and its 200 day simple moving average is $71.78. Donaldson Company, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $78.95. The firm has a market capitalization of $8.19 billion, a P/E ratio of 19.91, a P/E/G ratio of 1.82 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20.

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 the consensus estimate of $0.85 by ($0.02). The firm had revenue of $870.00 million during the quarter, compared to analyst estimates of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. On average, analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a $0.27 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.08 annualized dividend and a yield of 1.58%. Donaldson’s dividend payout ratio (DPR) is presently 31.58%.

Insiders Place Their Bets

In other news, President Thomas R. Scalf sold 29,500 shares of the 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 completion of the sale, the president now owns 28,334 shares of the company’s stock, valued at $1,951,929.26. This represents a 51.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Trudy A. Rautio sold 14,000 shares of the 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 sale, the director now directly owns 26,420 shares of the company’s stock, valued at $1,785,992. This represents a 34.64 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Finally, Morgan Stanley increased their price objective on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Donaldson currently 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.