Vanguard Group Inc. Has $985.41 Million Position in Donaldson Company, Inc. $DCI

Vanguard Group Inc. lowered its holdings in Donaldson Company, Inc. (NYSE:DCI) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,039,174 shares of the industrial products company’s stock after selling 432,387 shares during the quarter. Vanguard Group Inc. owned 10.39% of Donaldson worth $985,406,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of Donaldson by 10.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,283,326 shares of the industrial products company’s stock worth $105,040,000 after acquiring an additional 123,000 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Donaldson in the 3rd quarter valued at $3,068,000. Keybank National Association OH bought a new position in Donaldson in the 3rd quarter valued at $3,320,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Donaldson in the second quarter worth $403,000. Finally, Advisors Preferred LLC bought a new stake in shares of Donaldson during the second quarter worth $372,000. Institutional investors own 82.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on DCI. Morgan Stanley raised Donaldson from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $72.00 to $84.00 in a report on Monday, November 24th. Robert W. Baird set a $110.00 target price on shares of Donaldson in a research note on Monday, February 2nd. Jefferies Financial Group upped their target price on shares of Donaldson to $123.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Donaldson in a research note on Friday, January 9th. Finally, Stifel Nicolaus boosted their price objective on shares of Donaldson from $90.00 to $96.00 and gave the stock a “hold” rating in a research report on Friday, December 5th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $103.25.

Insider Activity

In related news, CFO Bradley J. Pogalz sold 566 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $91.57, for a total value of $51,828.62. Following the sale, the chief financial officer directly owned 434 shares in the company, valued at $39,741.38. This trade represents a 56.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ajita G. Rajendra sold 19,800 shares of Donaldson stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $92.04, for a total transaction of $1,822,392.00. Following the transaction, the director directly owned 43,993 shares in the company, valued at $4,049,115.72. The trade was a 31.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.20% of the company’s stock.

Donaldson Trading Down 0.2%

Shares of NYSE DCI opened at $107.60 on Friday. Donaldson Company, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $112.84. The firm has a market capitalization of $12.41 billion, a P/E ratio of 33.52, a P/E/G ratio of 2.67 and a beta of 1.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.15 and a quick ratio of 1.39. The company’s 50 day simple moving average is $99.11 and its 200 day simple moving average is $88.37.

Donaldson (NYSE:DCI) last released its earnings results on Wednesday, December 3rd. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The firm had revenue of $935.40 million during the quarter, compared to analyst estimates of $922.68 million. Donaldson had a net margin of 10.25% and a return on equity of 30.24%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 EPS. On average, analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 12th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, February 12th. Donaldson’s dividend payout ratio is currently 37.38%.

Donaldson Company Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.