Impax Asset Management Group plc Sells 15,501 Shares of Donaldson Company, Inc. (NYSE:DCI)

Impax Asset Management Group plc lessened its stake in Donaldson Company, Inc. (NYSE:DCI) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 689,052 shares of the industrial products company’s stock after selling 15,501 shares during the period. Impax Asset Management Group plc owned approximately 0.58% of Donaldson worth $45,861,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Capital Performance Advisors LLP bought a new position in Donaldson during the third quarter valued at approximately $41,000. Venturi Wealth Management LLC lifted its stake in Donaldson by 89.6% in the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 369 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Donaldson by 28.7% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after buying an additional 206 shares during the last quarter. Kentucky Trust Co purchased a new position in shares of Donaldson in the fourth quarter worth about $105,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Donaldson by 38.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,066 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 571 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

Donaldson Price Performance

DCI opened at $68.82 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The company’s 50-day simple moving average is $69.36 and its two-hundred day simple moving average is $72.23. Donaldson Company, Inc. has a 52-week low of $65.99 and a 52-week high of $78.95. The stock has a market capitalization of $8.22 billion, a P/E ratio of 20.01, a P/E/G ratio of 1.82 and a beta of 1.06.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $900.10 million for the quarter, compared to the consensus estimate 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 period last year, the business posted $0.75 EPS. As a group, analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.08 annualized dividend and a yield of 1.57%. Donaldson’s dividend payout ratio (DPR) is 31.40%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Donaldson

In other news, Director Trudy A. Rautio sold 14,000 shares of the company’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 represents a 34.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.70% of the stock is 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.