Intech Investment Management LLC Lowers Holdings in Donaldson Company, Inc. (NYSE:DCI)

Intech Investment Management LLC lowered its position in Donaldson Company, Inc. (NYSE:DCI) by 63.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,645 shares of the industrial products company’s stock after selling 6,438 shares during the quarter. Intech Investment Management LLC’s holdings in Donaldson were worth $269,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Mather Group LLC. boosted its stake in shares of Donaldson by 408.1% during the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 404 shares in the last quarter. CWM LLC raised its holdings in shares of Donaldson by 66.5% in the second quarter. CWM LLC now owns 6,006 shares of the industrial products company’s stock worth $430,000 after buying an additional 2,399 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Donaldson by 47.0% during the second quarter. Blue Trust Inc. now owns 2,282 shares of the industrial products company’s stock worth $170,000 after buying an additional 730 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Donaldson in the 2nd quarter valued at $2,899,000. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in Donaldson during the 2nd quarter valued at about $264,000. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DCI has been the topic of several recent research reports. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. Stifel Nicolaus dropped their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. 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 report on Wednesday. Finally, Robert W. Baird increased 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. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.00.

Donaldson Stock Down 0.4 %

Shares of NYSE DCI opened at $73.05 on Friday. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 1.91 and a beta of 1.04. Donaldson Company, Inc. has a 52-week low of $61.00 and a 52-week high of $78.95. The company’s 50-day simple moving average is $75.13 and its 200-day simple moving average is $73.43. The company has a quick ratio of 1.23, a current ratio of 1.85 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI) last released its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $888.88 million. During the same quarter last year, the business posted $0.75 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts predict that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.48%. The ex-dividend date is Monday, December 9th. Donaldson’s payout ratio is currently 31.40%.

Insider Transactions at Donaldson

In other news, President Thomas R. Scalf sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total value of $182,900.00. Following the sale, the president now directly owns 28,334 shares of the company’s stock, valued at approximately $2,072,915.44. The trade was a 8.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Owens sold 5,210 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total transaction of $373,765.40. Following the transaction, the director now directly owns 17,788 shares of the company’s stock, valued at $1,276,111.12. The trade was a 22.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 167,805 shares of company stock worth $12,310,222 in the last quarter. Company insiders own 2.70% of the company’s stock.

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.