Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lessened its position in Donaldson Company, Inc. (NYSE:DCI) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,259,479 shares of the industrial products company’s stock after selling 72,238 shares during the period. Epoch Investment Partners Inc. owned approximately 1.05% of Donaldson worth $90,128,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Park Place Capital Corp acquired a new position in Donaldson during the 1st quarter valued at about $27,000. YHB Investment Advisors Inc. acquired a new position in Donaldson during the 1st quarter valued at about $32,000. Mather Group LLC. increased its stake in Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after buying an additional 404 shares during the period. Versant Capital Management Inc increased its stake in Donaldson by 1,372.2% during the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after buying an additional 494 shares during the period. Finally, Riverview Trust Co acquired a new position in Donaldson during the 1st quarter valued at about $46,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Performance

Shares of DCI opened at $72.30 on Friday. Donaldson Company, Inc. has a one year low of $57.05 and a one year high of $78.03. The company has a 50-day moving average of $72.46 and a two-hundred day moving average of $72.90. The stock has a market cap of $8.71 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 1.84 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23.

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

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were issued 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 is currently 33.44%.

Wall Street Analyst Weigh In

Several research firms have commented on DCI. Stifel Nicolaus lowered their target price on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Friday. Robert W. Baird lowered their price objective on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Finally, Raymond James assumed coverage on shares of Donaldson in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Donaldson has a consensus rating of “Hold” and a consensus price target of $69.67.

Insider Buying and Selling

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

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.