Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 3.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,918 shares of the industrial products company’s stock after selling 2,661 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of Donaldson worth $4,932,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings in Donaldson by 32.1% during the 4th quarter. BNP Paribas Financial Markets now owns 13,162 shares of the industrial products company’s stock worth $860,000 after buying an additional 3,201 shares during the last quarter. Norges Bank bought a new position in Donaldson during the 4th quarter worth approximately $57,923,000. UBS Group AG lifted its holdings in Donaldson by 83.5% during the 4th quarter. UBS Group AG now owns 382,770 shares of the industrial products company’s stock worth $25,014,000 after buying an additional 174,193 shares during the last quarter. Coldstream Capital Management Inc. bought a new position in Donaldson during the 4th quarter worth approximately $253,000. Finally, Corient Private Wealth LLC lifted its holdings in Donaldson by 138.1% during the 4th quarter. Corient Private Wealth LLC now owns 85,139 shares of the industrial products company’s stock worth $5,564,000 after buying an additional 49,383 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Down 1.2 %

Shares of Donaldson stock opened at $72.30 on Friday. The business’s fifty day moving average price is $72.46 and its two-hundred day moving average price is $72.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. The company has a market capitalization of $8.71 billion, a P/E ratio of 22.38, a PEG ratio of 1.84 and a beta of 1.05. Donaldson Company, Inc. has a 1-year low of $57.05 and a 1-year high of $78.03.

Donaldson (NYSE:DCI) last announced its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. The firm had revenue of $935.40 million for the quarter, compared to the consensus estimate of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. As a group, research analysts forecast that Donaldson Company, Inc. will post 3.63 EPS for the current year.

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, August 13th. Donaldson’s dividend payout ratio (DPR) is presently 33.44%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Robert W. Baird cut their price target on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Raymond James assumed coverage on Donaldson in a report on Friday, June 28th. They issued a “market perform” rating on the stock. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Stifel Nicolaus cut their price target on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. One equities 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. According to data from MarketBeat.com, Donaldson has an average rating of “Hold” and an average target price of $69.67.

Insider Activity

In other news, CFO Scott J. Robinson sold 37,600 shares of Donaldson stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the transaction, the chief financial officer now directly owns 37,702 shares in the company, valued at approximately $2,675,710.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Scott J. Robinson sold 37,600 shares of Donaldson stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the transaction, the chief financial officer now directly owns 37,702 shares in the company, valued at approximately $2,675,710.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James Owens sold 5,210 shares of Donaldson stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total value of $373,765.40. Following the transaction, the director now owns 17,788 shares in the company, valued at $1,276,111.12. The disclosure for this sale can be found here. 2.58% of the stock is owned by 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.