CANADA LIFE ASSURANCE Co Has $7.08 Million Holdings in Donaldson Company, Inc. (NYSE:DCI)

CANADA LIFE ASSURANCE Co grew its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 15.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,184 shares of the industrial products company's stock after acquiring an additional 14,274 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.09% of Donaldson worth $7,082,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Farringdon Capital Ltd. bought a new position in shares of Donaldson during the fourth quarter worth about $318,000. Mariner LLC grew its holdings in shares of Donaldson by 6.0% during the fourth quarter. Mariner LLC now owns 93,397 shares of the industrial products company's stock worth $6,290,000 after buying an additional 5,285 shares in the last quarter. Barclays PLC grew its holdings in shares of Donaldson by 53.1% during the fourth quarter. Barclays PLC now owns 128,236 shares of the industrial products company's stock worth $8,638,000 after buying an additional 44,498 shares in the last quarter. Advisors Capital Management LLC grew its holdings in shares of Donaldson by 2.7% during the fourth quarter. Advisors Capital Management LLC now owns 32,853 shares of the industrial products company's stock worth $2,213,000 after buying an additional 856 shares in the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of Donaldson by 55.5% during the fourth quarter. Sterling Capital Management LLC now owns 7,117 shares of the industrial products company's stock worth $479,000 after buying an additional 2,539 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, President Thomas R. Scalf sold 29,500 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $68.89, for a total value of $2,032,255.00. Following the completion of the sale, the president now directly owns 28,334 shares of the company's stock, valued at $1,951,929.26. This trade represents a 51.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James Owens sold 18,700 shares of the firm'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 value of $1,159,774.00. Following the completion of the sale, the director now directly owns 20,246 shares of the company's stock, 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 sold a total of 76,700 shares of company stock valued at $5,164,799 over the last three months. Insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports 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 downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $71.33.

Donaldson Stock Down 0.1 %

DCI stock traded down $0.04 during mid-day trading on Monday, reaching $65.54. The company had a trading volume of 489,015 shares, compared to its average volume of 571,576. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The stock has a 50 day simple moving average of $66.23 and a two-hundred day simple moving average of $70.11. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.82 and a beta of 1.01. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share 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 the consensus estimate of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. As a group, equities analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were given a $0.27 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.65%. Donaldson's payout ratio is 31.58%.

Donaldson 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.