ProShare Advisors LLC Cuts Stake in Donaldson Company, Inc. (NYSE:DCI)

ProShare Advisors LLC lessened its holdings in Donaldson Company, Inc. (NYSE:DCI) by 9.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 511,374 shares of the industrial products company’s stock after selling 55,079 shares during the quarter. ProShare Advisors LLC’s holdings in Donaldson were worth $31,966,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Donaldson by 0.8% in the third quarter. Vanguard Group Inc. now owns 12,570,319 shares of the industrial products company’s stock valued at $616,072,000 after purchasing an additional 97,879 shares during the period. BlackRock Inc. boosted its stake in shares of Donaldson by 3.9% in the 1st quarter. BlackRock Inc. now owns 10,996,071 shares of the industrial products company’s stock valued at $571,026,000 after buying an additional 413,360 shares during the period. State Street Corp grew its position in shares of Donaldson by 2.0% during the third quarter. State Street Corp now owns 6,900,690 shares of the industrial products company’s stock worth $338,203,000 after buying an additional 132,979 shares in the last quarter. FMR LLC increased its stake in shares of Donaldson by 4.8% during the first quarter. FMR LLC now owns 4,296,643 shares of the industrial products company’s stock worth $280,743,000 after buying an additional 197,536 shares during the period. Finally, Boston Trust Walden Corp raised its holdings in Donaldson by 3.0% in the second quarter. Boston Trust Walden Corp now owns 2,710,940 shares of the industrial products company’s stock valued at $169,461,000 after acquiring an additional 80,040 shares in the last quarter. Institutional investors and hedge funds own 80.35% of the company’s stock.

Insider Transactions at Donaldson

In related news, insider Amy C. Becker sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $63.84, for a total value of $191,520.00. Following the completion of the sale, the insider now owns 35,809 shares in the company, valued at approximately $2,286,046.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Amy C. Becker sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $63.84, for a total value of $191,520.00. Following the transaction, the insider now owns 35,809 shares in the company, valued at approximately $2,286,046.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas A. Milroy sold 26,300 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $63.95, for a total value of $1,681,885.00. Following the sale, the director now directly owns 2,824 shares of the company’s stock, valued at $180,594.80. The disclosure for this sale can be found here. Insiders own 2.58% of the company’s stock.

Donaldson Price Performance

Shares of NYSE:DCI opened at $60.13 on Tuesday. Donaldson Company, Inc. has a 12 month low of $57.05 and a 12 month high of $66.96. The firm has a market capitalization of $7.25 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.82 and a beta of 1.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.15. The company’s fifty day moving average price is $59.78 and its 200 day moving average price is $61.38.

Donaldson (NYSE:DCI) last posted its earnings results on Tuesday, August 29th. The industrial products company reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. The business had revenue of $879.50 million for the quarter, compared to analysts’ expectations of $896.05 million. Donaldson had a return on equity of 30.21% and a net margin of 10.46%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 earnings per share. As a group, sell-side analysts predict that Donaldson Company, Inc. will post 3.2 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Tuesday, December 5th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, December 4th. Donaldson’s payout ratio is currently 34.36%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 19th. Robert W. Baird boosted their target price on shares of Donaldson from $67.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 30th.

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.