Bank of Montreal Can Has $2.42 Million Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Bank of Montreal Can cut its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 51.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,950 shares of the industrial products company's stock after selling 38,278 shares during the quarter. Bank of Montreal Can's holdings in Donaldson were worth $2,421,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 180 shares during the last quarter. Venturi Wealth Management LLC grew its position in Donaldson by 89.6% during the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock worth $53,000 after buying an additional 369 shares in the last quarter. GAMMA Investing LLC increased its stake in Donaldson by 28.7% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 206 shares during the period. EverSource Wealth Advisors LLC increased its stake in Donaldson by 45.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company's stock valued at $77,000 after acquiring an additional 353 shares during the period. Finally, National Bank of Canada FI raised its holdings in Donaldson by 61.9% in the 4th quarter. National Bank of Canada FI now owns 1,206 shares of the industrial products company's stock valued at $81,000 after acquiring an additional 461 shares in the last quarter. 82.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Stifel Nicolaus lowered their price objective on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. StockNews.com downgraded shares of Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Donaldson currently has an average rating of "Hold" and a consensus price target of $71.33.

Insider Buying and Selling

In other news, Director James Owens sold 18,700 shares of the company's stock in a transaction that occurred on 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 transaction, the director now directly owns 20,246 shares in the company, valued at approximately $1,255,656.92. This represents a 48.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas R. Scalf sold 28,500 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the sale, the president now directly owns 28,334 shares of the company's stock, valued at approximately $1,961,279.48. This represents a 50.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,700 shares of company stock worth $5,164,799 in the last three months. Insiders own 2.70% of the company's stock.

Donaldson Price Performance

DCI stock traded up $1.65 during trading on Tuesday, hitting $63.35. The company had a trading volume of 516,012 shares, compared to its average volume of 574,616. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $66.54 and a two-hundred day moving average price of $70.35. Donaldson Company, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $78.95. The company has a market cap of $7.57 billion, a P/E ratio of 18.42, a P/E/G ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI - Get Free Report) last posted its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm had revenue of $870.00 million during the quarter, compared to the consensus estimate of $908.32 million. Equities research analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Thursday, February 13th. Donaldson's payout ratio is currently 31.58%.

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.