Assenagon Asset Management S.A. Cuts Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Assenagon Asset Management S.A. reduced its position in Donaldson Company, Inc. (NYSE:DCI) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 146,086 shares of the industrial products company’s stock after selling 5,822 shares during the period. Assenagon Asset Management S.A. owned about 0.12% of Donaldson worth $9,839,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DCI. Federated Hermes Inc. lifted its holdings in shares of Donaldson by 13.2% during the second quarter. Federated Hermes Inc. now owns 14,787 shares of the industrial products company’s stock valued at $1,058,000 after purchasing an additional 1,729 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Donaldson by 4.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 123,025 shares of the industrial products company’s stock worth $8,804,000 after buying an additional 5,129 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Donaldson by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock valued at $93,770,000 after acquiring an additional 153,342 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Donaldson by 13.4% during the 2nd quarter. Renaissance Technologies LLC now owns 117,100 shares of the industrial products company’s stock valued at $8,380,000 after acquiring an additional 13,800 shares during the last quarter. Finally, Argent Trust Co bought a new stake in shares of Donaldson in the second quarter worth approximately $314,000. 82.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Trudy A. Rautio sold 14,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the sale, the director now owns 26,420 shares in the company, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Robert W. Baird raised their target price on shares of Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 13th. Finally, Morgan Stanley upped their price objective on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $74.00.

Donaldson Stock Up 1.2 %

Shares of DCI opened at $71.17 on Friday. The business’s 50 day moving average is $71.93 and its 200 day moving average is $72.60. 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 Company, Inc. has a 12-month low of $62.98 and a 12-month high of $78.95. The company has a market capitalization of $8.50 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.74 and a beta of 1.06.

Donaldson (NYSE:DCI) last released its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate 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 net margin of 11.56% and a return on equity of 29.07%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Research analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were issued a $0.27 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.52%. Donaldson’s dividend payout ratio (DPR) is 31.40%.

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.