Claro Advisors LLC Sells 463 Shares of Donaldson Company, Inc. (NYSE:DCI)

Claro Advisors LLC reduced its stake in Donaldson Company, Inc. (NYSE:DCIFree Report) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,226 shares of the industrial products company’s stock after selling 463 shares during the quarter. Claro Advisors LLC’s holdings in Donaldson were worth $668,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DCI. Norges Bank bought a new position in Donaldson in the 4th quarter valued at about $63,086,000. Granite Bay Wealth Management LLC bought a new position in shares of Donaldson during the third quarter worth approximately $56,540,000. State Street Corp increased its holdings in shares of Donaldson by 13.9% during the second quarter. State Street Corp now owns 6,767,711 shares of the industrial products company’s stock worth $325,798,000 after purchasing an additional 824,842 shares during the period. BlackRock Inc. increased its holdings in shares of Donaldson by 3.9% during the first quarter. BlackRock Inc. now owns 10,996,071 shares of the industrial products company’s stock worth $571,026,000 after purchasing an additional 413,360 shares during the period. Finally, Morgan Stanley increased its holdings in shares of Donaldson by 44.7% during the fourth quarter. Morgan Stanley now owns 1,308,238 shares of the industrial products company’s stock worth $77,016,000 after purchasing an additional 404,335 shares during the period. 82.81% of the stock is owned by institutional investors.

Insider Transactions at Donaldson

In other news, Director Willard D. Oberton sold 5,000 shares of Donaldson stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $64.99, for a total transaction of $324,950.00. Following the transaction, the director now owns 26,337 shares in the company, valued at $1,711,641.63. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Willard D. Oberton sold 5,000 shares of Donaldson stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $64.99, for a total transaction of $324,950.00. Following the completion of the transaction, the director now owns 26,337 shares of the company’s stock, valued at $1,711,641.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Willard D. Oberton sold 4,500 shares of Donaldson stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $73.54, for a total transaction of $330,930.00. Following the transaction, the director now directly owns 27,685 shares of the company’s stock, valued at approximately $2,035,954.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,407 shares of company stock worth $6,142,892. Company insiders own 2.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 7th. Morgan Stanley started coverage on shares of Donaldson in a research report on Monday, January 8th. They set an “underweight” rating and a $59.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Donaldson has an average rating of “Hold” and an average target price of $64.75.

Read Our Latest Analysis on DCI

Donaldson Stock Performance

NYSE DCI opened at $74.68 on Monday. The company has a current ratio of 1.47, a quick ratio of 0.99 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 2.17 and a beta of 1.10. The firm’s 50 day simple moving average is $69.34 and its 200 day simple moving average is $64.14. Donaldson Company, Inc. has a 1 year low of $57.05 and a 1 year high of $75.16.

Donaldson (NYSE:DCIGet Free Report) last issued its earnings results on Wednesday, February 28th. The industrial products company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. Donaldson had a net margin of 10.82% and a return on equity of 28.52%. The firm had revenue of $876.70 million for the quarter, compared to analyst estimates of $874.34 million. During the same quarter last year, the business posted $0.75 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, research analysts expect that Donaldson Company, Inc. will post 3.28 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Monday, February 12th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. Donaldson’s dividend payout ratio is currently 32.57%.

About Donaldson

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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