TD Asset Management Inc Has $90.71 Million Stake in Donaldson Company, Inc. $DCI

TD Asset Management Inc reduced its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 4.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,108,189 shares of the industrial products company’s stock after selling 48,389 shares during the quarter. TD Asset Management Inc’s holdings in Donaldson were worth $90,705,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its holdings in 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 valued at $105,040,000 after acquiring an additional 123,000 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Donaldson during the third quarter worth approximately $3,068,000. Keybank National Association OH bought a new position in shares of Donaldson during the third quarter worth approximately $3,320,000. First National Bank of Omaha acquired a new stake in Donaldson during the 3rd quarter worth approximately $483,000. Finally, Advisors Preferred LLC bought a new stake in Donaldson in the 2nd quarter valued at $372,000. Institutional investors own 82.81% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Bradley J. Pogalz sold 566 shares of Donaldson stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $91.57, for a total value of $51,828.62. Following the transaction, the chief financial officer owned 434 shares in the company, valued at approximately $39,741.38. This trade represents a 56.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ajita G. Rajendra sold 19,800 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $92.04, for a total value of $1,822,392.00. Following the sale, the director owned 43,993 shares of the company’s stock, valued at approximately $4,049,115.72. This represents a 31.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.20% of the company’s stock.

Donaldson Price Performance

DCI stock opened at $104.45 on Thursday. The company’s 50-day moving average price is $99.99 and its two-hundred day moving average price is $89.08. The firm has a market cap of $12.05 billion, a P/E ratio of 32.54, a P/E/G ratio of 2.64 and a beta of 1.00. The company has a quick ratio of 1.39, a current ratio of 2.15 and a debt-to-equity ratio of 0.44. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $112.84.

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

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders 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 dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 12th. Donaldson’s dividend payout ratio (DPR) is currently 37.38%.

Wall Street Analyst Weigh In

Several research firms have weighed in on DCI. Weiss Ratings reiterated a “buy (b)” rating on shares of Donaldson in a research report on Friday, January 9th. Jefferies Financial Group raised their price target on shares of Donaldson to $123.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Stifel Nicolaus boosted their price objective on shares of Donaldson from $90.00 to $96.00 and gave the company a “hold” rating in a report on Friday, December 5th. Robert W. Baird set a $110.00 target price on shares of Donaldson in a research report on Monday, February 2nd. Finally, Morgan Stanley upgraded shares of 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 research report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Donaldson currently has an average rating of “Moderate Buy” and an average price target of $101.80.

About Donaldson

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.