Donaldson Company, Inc. (NYSE:DCI) Holdings Trimmed by Eads & Heald Wealth Management

Eads & Heald Wealth Management lowered its holdings in Donaldson Company, Inc. (NYSE:DCI) by 1.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,598 shares of the industrial products company’s stock after selling 160 shares during the period. Eads & Heald Wealth Management’s holdings in Donaldson were worth $646,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. UMB Bank n.a. raised its position in Donaldson by 359.2% during the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock valued at $26,000 after buying an additional 273 shares during the period. Capital Performance Advisors LLP acquired a new stake in Donaldson in the third quarter valued at approximately $41,000. V Square Quantitative Management LLC lifted its stake in shares of Donaldson by 52.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 207 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Donaldson by 72.0% during the 3rd quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 301 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Donaldson by 185.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,269 shares of the industrial products company’s stock valued at $91,000 after purchasing an additional 825 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analysts Set New Price Targets

DCI has been the subject of a number of recent analyst reports. StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Monday, January 13th. Morgan Stanley increased their price objective on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. Finally, Robert W. Baird boosted their target price on shares of Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.00.

Donaldson Price Performance

Shares of DCI stock opened at $71.78 on Wednesday. Donaldson Company, Inc. has a 12 month low of $64.06 and a 12 month high of $78.95. The company has a market capitalization of $8.57 billion, a P/E ratio of 20.87, a P/E/G ratio of 1.86 and a beta of 1.06. The stock has a 50 day moving average of $71.68 and a two-hundred day moving average of $72.62. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $900.10 million for the quarter, compared to the consensus estimate of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 earnings per share. As a group, equities analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Monday, December 9th. Donaldson’s dividend payout ratio is 31.40%.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the transaction, the director now directly owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.70% of the company’s stock.

Donaldson Company Profile

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.