First Eagle Investment Management LLC Has $713,000 Holdings in Donaldson Company, Inc. (NYSE:DCI)

First Eagle Investment Management LLC raised its holdings in Donaldson Company, Inc. (NYSE:DCI) by 17.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,967 shares of the industrial products company’s stock after buying an additional 1,500 shares during the quarter. First Eagle Investment Management LLC’s holdings in Donaldson were worth $713,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. TD Asset Management Inc increased its holdings in shares of Donaldson by 215.2% during the fourth quarter. TD Asset Management Inc now owns 1,552,946 shares of the industrial products company’s stock valued at $101,485,000 after acquiring an additional 1,060,232 shares in the last quarter. Norges Bank bought a new stake in shares of Donaldson during the fourth quarter valued at approximately $57,923,000. Epoch Investment Partners Inc. increased its holdings in shares of Donaldson by 91.0% during the fourth quarter. Epoch Investment Partners Inc. now owns 1,141,693 shares of the industrial products company’s stock valued at $74,610,000 after acquiring an additional 544,008 shares in the last quarter. Eagle Ridge Investment Management bought a new stake in shares of Donaldson during the first quarter valued at approximately $25,351,000. Finally, Confluence Investment Management LLC bought a new stake in shares of Donaldson during the first quarter valued at approximately $25,018,000. 82.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Donaldson news, Director James Owens sold 5,210 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was 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 of the company’s stock, valued at $1,276,111.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director James Owens sold 5,210 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total transaction of $373,765.40. Following the transaction, the director now owns 17,788 shares of the company’s stock, valued at approximately $1,276,111.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Scott J. Robinson sold 37,600 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total value 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 disclosure for this sale can be found here. Insiders own 2.58% of the company’s stock.

Donaldson Trading Down 1.2 %

Shares of Donaldson stock opened at $72.30 on Friday. The stock has a fifty day simple moving average of $72.46 and a 200 day simple moving average of $72.90. Donaldson Company, Inc. has a 12-month low of $57.05 and a 12-month high of $78.03. The company has a market capitalization of $8.71 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32.

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

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were given a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.08 annualized dividend and a yield of 1.49%. Donaldson’s dividend payout ratio is currently 33.44%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DCI shares. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a report on Friday. Stifel Nicolaus decreased 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. Robert W. Baird decreased their price target on Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Finally, Raymond James initiated coverage on Donaldson in a report on Friday, June 28th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Donaldson has an average rating of “Hold” and an average price target of $69.67.

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.