Gabelli Funds LLC Decreases Stake in Donaldson Company, Inc. (NYSE:DCI)

Gabelli Funds LLC lessened its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 701,800 shares of the industrial products company’s stock after selling 7,450 shares during the period. Gabelli Funds LLC owned 0.58% of Donaldson worth $50,221,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Park Place Capital Corp acquired a new position in shares of Donaldson during the 1st quarter worth approximately $27,000. YHB Investment Advisors Inc. purchased a new position in Donaldson during the first quarter worth approximately $32,000. Versant Capital Management Inc boosted its stake in Donaldson by 1,372.2% during the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock worth $38,000 after buying an additional 494 shares during the last quarter. Mather Group LLC. grew its holdings in Donaldson by 408.1% in 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 in the last quarter. Finally, Riverview Trust Co acquired a new stake in shares of Donaldson in the 1st quarter worth $46,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DCI. Stifel Nicolaus lowered their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. Raymond James started coverage on shares of Donaldson in a report on Friday, June 28th. They issued a “market perform” rating on the stock. StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Robert W. Baird decreased their price objective on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. 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 company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $69.67.

Insider Activity at Donaldson

In other Donaldson news, CFO Scott J. Robinson sold 37,600 shares of the 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 sale, the chief financial officer now directly owns 37,702 shares in the company, valued at approximately $2,675,710.94. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Donaldson news, Director James Owens sold 5,210 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total transaction of $373,765.40. Following the sale, the director now owns 17,788 shares in the company, valued at approximately $1,276,111.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Scott J. Robinson sold 37,600 shares of Donaldson stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 37,702 shares of the company’s stock, valued at approximately $2,675,710.94. The disclosure for this sale can be found here. Company insiders own 2.58% of the company’s stock.

Donaldson Stock Performance

Shares of DCI stock opened at $72.30 on Friday. The firm has a market cap of $8.71 billion, a P/E ratio of 22.38, a P/E/G ratio of 1.84 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84. Donaldson Company, Inc. has a one year low of $57.05 and a one year high of $78.03. The firm’s 50 day moving average price is $72.46 and its 200-day moving average price is $72.90.

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

Donaldson Dividend Announcement

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

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.