Donaldson Company, Inc. $DCI Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in Donaldson Company, Inc. (NYSE:DCI) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 346,620 shares of the industrial products company’s stock after selling 12,534 shares during the period. Rhumbline Advisers owned 0.30% of Donaldson worth $24,038,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new position in shares of Donaldson in the 2nd quarter valued at $679,475,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in Donaldson by 75.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,330,602 shares of the industrial products company’s stock valued at $223,350,000 after buying an additional 1,430,120 shares during the last quarter. Boston Trust Walden Corp boosted its stake in Donaldson by 7.8% during the second quarter. Boston Trust Walden Corp now owns 2,825,916 shares of the industrial products company’s stock worth $195,977,000 after buying an additional 203,957 shares during the period. Geode Capital Management LLC increased its position in shares of Donaldson by 0.8% during the second quarter. Geode Capital Management LLC now owns 2,821,115 shares of the industrial products company’s stock valued at $195,667,000 after acquiring an additional 21,334 shares during the last quarter. Finally, Fiduciary Management Inc. WI raised its stake in shares of Donaldson by 13.1% in the 1st quarter. Fiduciary Management Inc. WI now owns 2,499,756 shares of the industrial products company’s stock valued at $167,634,000 after acquiring an additional 290,477 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Insider Buying and Selling

In other Donaldson news, President Guillermo Briseno sold 13,500 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $79.03, for a total value of $1,066,905.00. Following the sale, the president directly owned 25,309 shares in the company, valued at $2,000,170.27. This trade represents a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DCI has been the subject of a number of research analyst reports. Robert W. Baird increased their price objective on shares of Donaldson from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings restated a “buy (b)” rating on shares of Donaldson in a research note on Tuesday, October 14th. Stifel Nicolaus lifted their price objective on Donaldson from $84.00 to $90.00 and gave the company a “hold” rating in a research note on Monday. Morgan Stanley raised Donaldson from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $72.00 to $84.00 in a research note on Monday. Finally, Wall Street Zen upgraded Donaldson from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.33.

Donaldson Price Performance

Shares of NYSE DCI opened at $90.23 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.93 and a quick ratio of 1.25. The company has a market cap of $10.45 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 1.98 and a beta of 1.01. The stock’s 50-day moving average is $83.85 and its two-hundred day moving average is $76.52. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $90.94.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Tuesday, February 28th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter. Donaldson had a return on equity of 29.50% and a net margin of 9.94%.The business had revenue of $802.50 million during the quarter. Analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, December 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.3%. Donaldson’s payout ratio is presently 39.34%.

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.