The Manufacturers Life Insurance Company Sells 2,262 Shares of Donaldson Company, Inc. (NYSE:DCI)

The Manufacturers Life Insurance Company trimmed its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 2.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 96,645 shares of the industrial products company’s stock after selling 2,262 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Donaldson worth $6,509,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. IFP Advisors Inc grew its holdings in Donaldson by 94.5% in the fourth quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 1,334 shares during the period. Granite Bay Wealth Management LLC acquired a new stake in shares of Donaldson in the 4th quarter valued at about $943,000. JPMorgan Chase & Co. increased its position in Donaldson by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock valued at $32,394,000 after buying an additional 23,758 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Donaldson by 38.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 574,146 shares of the industrial products company’s stock worth $38,669,000 after buying an additional 158,487 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 206 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Insider Activity at Donaldson

In related news, President Thomas R. Scalf sold 29,500 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the completion of the transaction, the president now owns 28,334 shares in the company, valued at approximately $1,951,929.26. This represents a 51.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Owens sold 18,700 shares of the business’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the completion of the transaction, the director now owns 20,246 shares in the company, valued at approximately $1,255,656.92. The trade was a 48.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,700 shares of company stock valued at $5,164,799 over the last ninety days. Corporate insiders own 2.70% of the company’s stock.

Donaldson Stock Performance

Shares of DCI opened at $66.04 on Wednesday. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The stock has a 50 day moving average price of $65.92 and a two-hundred day moving average price of $69.80. The firm has a market capitalization of $7.89 billion, a P/E ratio of 19.20, a P/E/G ratio of 1.82 and a beta of 1.01.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Stifel Nicolaus decreased their price objective on Donaldson from $70.00 to $63.00 and set a “hold” rating for the company in a report on Monday, April 14th. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 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 company currently has an average rating of “Hold” and an average target price of $71.33.

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.