The Manufacturers Life Insurance Company Decreases Holdings in Donaldson Company, Inc. (NYSE:DCI)

The Manufacturers Life Insurance Company decreased its holdings in Donaldson Company, Inc. (NYSE:DCI) by 1.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 102,582 shares of the industrial products company’s stock after selling 1,512 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.09% of Donaldson worth $7,341,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC purchased a new stake in Donaldson during the 4th quarter valued at about $617,000. Pinebridge Investments L.P. bought a new stake in Donaldson in the fourth quarter valued at approximately $3,615,000. Quadrature Capital Ltd purchased a new stake in shares of Donaldson during the fourth quarter valued at approximately $1,244,000. Fiduciary Management Inc. WI grew its holdings in shares of Donaldson by 3.5% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,819,192 shares of the industrial products company’s stock worth $118,884,000 after purchasing an additional 61,584 shares during the last quarter. Finally, Point72 Europe London LLP purchased a new position in shares of Donaldson in the fourth quarter worth $762,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Buying and Selling

In other news, insider Amy C. Becker sold 14,500 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $72.89, for a total transaction of $1,056,905.00. Following the sale, the insider now owns 41,368 shares in the company, valued at approximately $3,015,313.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Tod E. Carpenter sold 30,919 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $72.69, for a total value of $2,247,502.11. Following the sale, the chief executive officer now owns 256,742 shares in the company, valued at $18,662,575.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Amy C. Becker sold 14,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $72.89, for a total value of $1,056,905.00. Following the transaction, the insider now directly owns 41,368 shares of the company’s stock, valued at approximately $3,015,313.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 158,310 shares of company stock valued at $11,614,271 over the last ninety days. Company insiders own 2.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Raymond James initiated coverage on shares of Donaldson in a report on Friday, June 28th. They set a “market perform” rating for the company. Finally, Stifel Nicolaus reduced 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 analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $69.67.

Donaldson Stock Up 0.7 %

Shares of Donaldson stock opened at $73.70 on Friday. 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 Company, Inc. has a 12-month low of $57.05 and a 12-month high of $78.03. The company has a market cap of $8.87 billion, a P/E ratio of 22.82, a PEG ratio of 1.91 and a beta of 1.04. The company’s fifty day simple moving average is $72.45 and its two-hundred day simple moving average is $72.95.

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

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were given a dividend of $0.27 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.47%. Donaldson’s dividend payout ratio is presently 33.44%.

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.