JustInvest LLC Sells 391 Shares of Donaldson Company, Inc. (NYSE:DCI)

JustInvest LLC cut its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 5.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,327 shares of the industrial products company’s stock after selling 391 shares during the period. JustInvest LLC’s holdings in Donaldson were worth $363,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Donaldson by 1.4% during the second quarter. Vanguard Group Inc. now owns 12,425,979 shares of the industrial products company’s stock valued at $789,423,000 after purchasing an additional 173,705 shares during the period. BlackRock Inc. raised its position in Donaldson by 0.7% during the second quarter. BlackRock Inc. now owns 11,256,418 shares of the industrial products company’s stock valued at $715,121,000 after purchasing an additional 82,983 shares during the period. State Street Corp raised its position in Donaldson by 9.9% during the second quarter. State Street Corp now owns 5,298,483 shares of the industrial products company’s stock valued at $336,613,000 after purchasing an additional 478,667 shares during the period. Wells Fargo & Company MN raised its position in Donaldson by 16.7% during the second quarter. Wells Fargo & Company MN now owns 2,799,487 shares of the industrial products company’s stock valued at $177,851,000 after purchasing an additional 399,858 shares during the period. Finally, Boston Trust Walden Corp raised its position in Donaldson by 16.9% during the third quarter. Boston Trust Walden Corp now owns 2,436,024 shares of the industrial products company’s stock valued at $139,852,000 after purchasing an additional 351,362 shares during the period. 78.84% of the stock is owned by institutional investors.

Shares of NYSE DCI opened at $59.28 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.46 and a current ratio of 2.23. The business’s 50 day moving average price is $59.13 and its 200-day moving average price is $61.65. Donaldson Company, Inc. has a fifty-two week low of $55.09 and a fifty-two week high of $69.35. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 2.13 and a beta of 1.36.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Wednesday, December 1st. The industrial products company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.06. Donaldson had a return on equity of 27.91% and a net margin of 10.14%. The firm had revenue of $760.90 million for the quarter, compared to the consensus estimate of $735.51 million. During the same period in the prior year, the business posted $0.48 earnings per share. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Sell-side analysts predict that Donaldson Company, Inc. will post 2.68 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 22nd. Investors of record on Tuesday, December 7th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, December 6th. This represents a $0.88 annualized dividend and a yield of 1.48%. Donaldson’s dividend payout ratio (DPR) is currently 37.13%.

A number of equities research analysts have issued reports on DCI shares. Morgan Stanley decreased their price objective on Donaldson from $75.00 to $73.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 13th. Zacks Investment Research downgraded Donaldson from a “buy” rating to a “hold” rating and set a $62.00 price target on the stock. in a report on Monday, December 13th. Finally, Robert W. Baird reduced their price target on Donaldson from $73.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, December 2nd.

In other Donaldson news, SVP Thomas R. Scalf sold 4,000 shares of the stock in a transaction on Friday, December 3rd. The stock was sold at an average price of $55.24, for a total transaction of $220,960.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ajita G. Rajendra sold 8,425 shares of the stock in a transaction on Tuesday, December 28th. The shares were sold at an average price of $58.59, for a total value of $493,620.75. The disclosure for this sale can be found here. In the last three months, insiders sold 14,440 shares of company stock worth $833,473. 2.52% of the stock is owned by insiders.

Donaldson Profile

Donaldson Co, Inc engages in the manufacture of filtration systems and replacement parts. It operates through the following segments: Engine Products and Industrial Products. The Engine Products segment includes replacement filters for both air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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