Victory Capital Management Inc. Decreases Stake in Donaldson Company, Inc. (NYSE:DCI)

Victory Capital Management Inc. decreased its holdings in Donaldson Company, Inc. (NYSE:DCI) by 15.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,486 shares of the industrial products company’s stock after selling 5,160 shares during the quarter. Victory Capital Management Inc.’s holdings in Donaldson were worth $2,026,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DCI. Vanguard Personalized Indexing Management LLC raised its stake in shares of Donaldson by 1.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,364 shares of the industrial products company’s stock worth $813,000 after buying an additional 146 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Donaldson by 31.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 766 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 184 shares during the last quarter. Oak Family Advisors LLC lifted its stake in shares of Donaldson by 4.3% during the second quarter. Oak Family Advisors LLC now owns 4,742 shares of the industrial products company’s stock valued at $339,000 after buying an additional 197 shares during the period. V Square Quantitative Management LLC raised its holdings in Donaldson by 52.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 207 shares during the last quarter. Finally, Eads & Heald Wealth Management boosted its holdings in shares of Donaldson by 2.8% during the second quarter. Eads & Heald Wealth Management now owns 9,758 shares of the industrial products company’s stock worth $698,000 after purchasing an additional 268 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Stifel Nicolaus cut their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $69.67.

Insider Transactions at Donaldson

In related news, Director James Owens sold 5,210 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total value 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. This represents a 22.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total transaction of $182,900.00. Following the completion of the transaction, the president now owns 28,334 shares of the company’s stock, valued at $2,072,915.44. This represents a 8.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 167,805 shares of company stock worth $12,310,222. Insiders own 2.70% of the company’s stock.

Donaldson Stock Up 1.9 %

Shares of Donaldson stock opened at $77.45 on Monday. The firm has a market cap of $9.27 billion, a P/E ratio of 22.91, a P/E/G ratio of 2.00 and a beta of 1.04. The business has a 50-day moving average price of $74.43 and a 200 day moving average price of $73.31. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. Donaldson Company, Inc. has a fifty-two week low of $58.75 and a fifty-two week high of $78.71.

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

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.39%. Donaldson’s payout ratio is 31.95%.

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.