Acadian Asset Management LLC Has $14.64 Million Holdings in Donaldson Company, Inc. (NYSE:DCI)

Acadian Asset Management LLC decreased its position in Donaldson Company, Inc. (NYSE:DCI) by 36.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 196,179 shares of the industrial products company’s stock after selling 114,849 shares during the period. Acadian Asset Management LLC owned approximately 0.16% of Donaldson worth $14,637,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC bought a new stake in shares of Donaldson during the 4th quarter valued at about $27,000. Park Place Capital Corp bought a new position in shares of Donaldson during the 1st quarter worth approximately $27,000. Lindbrook Capital LLC grew its position in shares of Donaldson by 58.2% during the 4th quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock worth $31,000 after buying an additional 174 shares during the period. YHB Investment Advisors Inc. bought a new stake in shares of Donaldson in the 1st quarter valued at $32,000. Finally, Global Retirement Partners LLC lifted its position in shares of Donaldson by 1,252.6% during the 1st quarter. Global Retirement Partners LLC now owns 514 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 476 shares during the period. Institutional investors own 82.81% of the company’s stock.

Donaldson Stock Down 1.0 %

Shares of NYSE:DCI traded down $0.76 during midday trading on Friday, hitting $72.56. 359,953 shares of the company’s stock were exchanged, compared to its average volume of 486,168. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.30. Donaldson Company, Inc. has a 12 month low of $57.05 and a 12 month high of $78.03. The company has a market cap of $8.74 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 2.05 and a beta of 1.05. The stock has a 50 day moving average price of $72.86 and a 200-day moving average price of $70.93.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.08. Donaldson had a return on equity of 29.00% and a net margin of 11.22%. The firm had revenue of $927.90 million during the quarter, compared to analyst estimates of $915.84 million. During the same period in the previous year, the company posted $0.76 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, sell-side analysts anticipate that Donaldson Company, Inc. will post 3.37 EPS for the current fiscal year.

Donaldson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were paid a $0.27 dividend. This is a positive change from Donaldson’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, June 17th. This represents a $1.08 annualized dividend and a dividend yield of 1.49%. Donaldson’s dividend payout ratio is presently 33.44%.

Insider Activity

In related news, CFO Scott J. Robinson sold 37,600 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the transaction, the chief financial officer now directly owns 37,702 shares in the company, valued at $2,675,710.94. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DCI has been the subject of several research analyst reports. Robert W. Baird decreased their price target on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Raymond James started coverage on Donaldson in a research report on Friday, June 28th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $67.67.

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.