Blair William & Co. IL Has $6.35 Million Stake in Donaldson Company, Inc. (NYSE:DCI)

Blair William & Co. IL cut its stake in Donaldson Company, Inc. (NYSE:DCI) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 94,212 shares of the industrial products company’s stock after selling 1,557 shares during the period. Blair William & Co. IL’s holdings in Donaldson were worth $6,345,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in shares of Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 180 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Donaldson by 89.6% during the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 369 shares during the last quarter. GAMMA Investing LLC grew its position in Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Donaldson by 45.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock valued at $77,000 after buying an additional 353 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in Donaldson during the 4th quarter worth about $91,000. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Trading Down 2.5 %

Shares of NYSE:DCI opened at $67.01 on Monday. The company has a 50-day simple moving average of $69.47 and a 200 day simple moving average of $71.59. The company has a market capitalization of $8.01 billion, a P/E ratio of 19.48, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. Donaldson Company, Inc. has a 52-week low of $65.10 and a 52-week high of $78.95.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The business had revenue of $870.00 million during the quarter, compared to analyst estimates of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a $0.27 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.61%. Donaldson’s dividend payout ratio is currently 31.58%.

Insider Activity

In related news, Director Trudy A. Rautio sold 14,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the transaction, the director now owns 26,420 shares in the company, valued at approximately $1,785,992. This represents a 34.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas R. Scalf sold 28,500 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the sale, the president now owns 28,334 shares of the company’s stock, valued at $1,961,279.48. This trade represents a 50.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,000 shares of company stock valued at $4,951,425 over the last ninety days. 2.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Robert W. Baird raised their price objective on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Morgan Stanley boosted their price target on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. Finally, StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $74.00.

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.