Hennion & Walsh Asset Management Inc. Cuts Position in Donaldson Company, Inc. (NYSE:DCI)

Hennion & Walsh Asset Management Inc. lowered its position in shares of Donaldson Company, Inc. (NYSE:DCIFree Report) by 24.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,931 shares of the industrial products company’s stock after selling 1,249 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Donaldson were worth $265,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dudley & Shanley Inc. lifted its position in Donaldson by 5,118.4% during the fourth quarter. Dudley & Shanley Inc. now owns 268,750 shares of the industrial products company’s stock valued at $18,100,000 after buying an additional 263,600 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 in the last quarter. Algert Global LLC lifted its holdings in shares of Donaldson by 1,554.0% during the 2nd quarter. Algert Global LLC now owns 146,346 shares of the industrial products company’s stock valued at $10,473,000 after acquiring an additional 137,498 shares in the last quarter. Geode Capital Management LLC boosted its position in Donaldson by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock worth $180,522,000 after purchasing an additional 118,156 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Donaldson by 18.5% in the 2nd quarter. AQR Capital Management LLC now owns 754,631 shares of the industrial products company’s stock valued at $53,964,000 after purchasing an additional 117,874 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Performance

NYSE:DCI opened at $71.78 on Wednesday. Donaldson Company, Inc. has a 1-year low of $64.06 and a 1-year high of $78.95. The stock has a market cap of $8.57 billion, a P/E ratio of 20.87, a PEG ratio of 1.86 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The firm has a 50-day moving average of $71.68 and a two-hundred day moving average of $72.62.

Donaldson (NYSE:DCIGet Free Report) last issued its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, beating 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 firm had revenue of $900.10 million during the quarter, compared to analyst estimates of $888.88 million. During the same quarter last year, the firm earned $0.75 EPS. Donaldson’s quarterly revenue was up 6.4% on a year-over-year basis. On average, research analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors 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 yield of 1.50%. Donaldson’s dividend payout ratio is presently 31.40%.

Analyst Ratings Changes

A number of research analysts have commented on DCI shares. StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 13th. Morgan Stanley boosted their price target on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. Finally, Robert W. Baird increased their price objective on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Donaldson has a consensus rating of “Hold” and an average target price of $74.00.

Check Out Our Latest Report on Donaldson

Insider Buying and Selling at Donaldson

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of the company’s stock in a transaction that occurred 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 owns 26,420 shares in the company, valued at $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.70% of the stock is currently owned by insiders.

About Donaldson

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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