MML Investors Services LLC Has $289,000 Stake in Donaldson Company, Inc. (NYSE:DCI)

MML Investors Services LLC reduced its holdings in Donaldson Company, Inc. (NYSE:DCI) by 7.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,925 shares of the industrial products company’s stock after selling 310 shares during the period. MML Investors Services LLC’s holdings in Donaldson were worth $289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of Donaldson by 359.2% in the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock valued at $26,000 after buying an additional 273 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Donaldson in the third quarter valued at $41,000. V Square Quantitative Management LLC grew its position in shares of Donaldson by 52.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 207 shares during the period. GAMMA Investing LLC increased its stake in shares of Donaldson by 72.0% during the 3rd quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 301 shares during the last quarter. Finally, Headlands Technologies LLC raised its holdings in shares of Donaldson by 221.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,011 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 696 shares during the period. 82.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DCI has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their price target on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. Morgan Stanley lifted their target price on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. Robert W. Baird increased their price target on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Donaldson presently has a consensus rating of “Hold” and a consensus price target of $74.00.

Insider Activity at Donaldson

In other news, President Thomas R. Scalf sold 4,295 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $73.33, for a total value of $314,952.35. Following the completion of the transaction, the president now directly owns 30,834 shares in the company, valued at approximately $2,261,057.22. The trade was a 12.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Scott J. Robinson sold 83,600 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the sale, the chief financial officer now owns 37,702 shares in the company, valued at $2,791,456.08. This represents a 68.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,095 shares of company stock worth $6,885,695. Company insiders own 2.70% of the company’s stock.

Donaldson Stock Performance

NYSE:DCI opened at $67.91 on Thursday. The stock has a 50 day simple moving average of $74.28 and a 200 day simple moving average of $73.10. The stock has a market cap of $8.11 billion, a P/E ratio of 19.74, a PEG ratio of 1.90 and a beta of 1.04. Donaldson Company, Inc. has a 1-year low of $61.79 and a 1-year high of $78.95. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35.

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

Donaldson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a $0.27 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.59%. Donaldson’s payout ratio is 31.40%.

Donaldson 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.