Donaldson Company, Inc. (NYSE:DCI) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC reduced its position in Donaldson Company, Inc. (NYSE:DCI) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,209 shares of the industrial products company’s stock after selling 266 shares during the period. NewEdge Wealth LLC’s holdings in Donaldson were worth $994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Gotham Asset Management LLC raised its position in Donaldson by 47.9% during the third quarter. Gotham Asset Management LLC now owns 100,154 shares of the industrial products company’s stock worth $5,973,000 after acquiring an additional 32,431 shares during the period. Ballentine Partners LLC raised its position in Donaldson by 60.6% during the third quarter. Ballentine Partners LLC now owns 7,141 shares of the industrial products company’s stock worth $426,000 after acquiring an additional 2,694 shares during the period. Artemis Wealth Advisors LLC acquired a new position in Donaldson during the third quarter worth $38,000. Boston Trust Walden Corp raised its position in Donaldson by 1.5% during the fourth quarter. Boston Trust Walden Corp now owns 2,816,300 shares of the industrial products company’s stock worth $184,045,000 after acquiring an additional 42,365 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Donaldson by 49.6% during the third quarter. Envestnet Asset Management Inc. now owns 83,300 shares of the industrial products company’s stock worth $4,968,000 after acquiring an additional 27,633 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Trading Down 1.4 %

Shares of DCI opened at $72.44 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 0.99 and a debt-to-equity ratio of 0.26. Donaldson Company, Inc. has a 12-month low of $57.05 and a 12-month high of $75.44. The firm has a 50-day moving average price of $71.28 and a 200 day moving average price of $65.20. The firm has a market capitalization of $8.72 billion, a P/E ratio of 23.60, a P/E/G ratio of 2.13 and a beta of 1.10.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $0.81 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $874.34 million. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Donaldson’s quarterly revenue was up 5.8% on a year-over-year basis. Sell-side analysts forecast that Donaldson Company, Inc. will post 3.28 EPS for the current year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Monday, February 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Friday, February 9th. Donaldson’s dividend payout ratio is currently 32.57%.

Insider Activity at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 3,027 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $73.09, for a total transaction of $221,243.43. Following the completion of the transaction, the president now owns 34,334 shares of the company’s stock, valued at $2,509,472.06. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Willard D. Oberton sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total value of $330,930.00. Following the completion of the transaction, the director now owns 27,685 shares of the company’s stock, valued at $2,035,954.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Thomas R. Scalf sold 3,027 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $73.09, for a total transaction of $221,243.43. Following the completion of the transaction, the president now directly owns 34,334 shares of the company’s stock, valued at approximately $2,509,472.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,407 shares of company stock valued at $5,817,942. 2.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of Donaldson from $76.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Morgan Stanley initiated coverage on shares of Donaldson in a research report on Monday, January 8th. They issued an “underweight” rating and a $59.00 target price for the company. Finally, StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $67.50.

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.