Envestnet Asset Management Inc. Has $13.70 Million Position in Donaldson Company, Inc. (NYSE:DCI)

Envestnet Asset Management Inc. increased its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 35.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 203,409 shares of the industrial products company's stock after acquiring an additional 53,376 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.17% of Donaldson worth $13,700,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DCI. Barclays PLC lifted its position in shares of Donaldson by 19.3% during the third quarter. Barclays PLC now owns 83,738 shares of the industrial products company's stock worth $6,171,000 after purchasing an additional 13,568 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Donaldson by 33.0% in the third quarter. Sanctuary Advisors LLC now owns 19,787 shares of the industrial products company's stock worth $1,533,000 after acquiring an additional 4,908 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Donaldson by 26.9% during the third quarter. Tidal Investments LLC now owns 9,327 shares of the industrial products company's stock valued at $687,000 after acquiring an additional 1,980 shares during the period. Franklin Resources Inc. grew its stake in Donaldson by 2.5% in the third quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company's stock valued at $220,380,000 after purchasing an additional 73,234 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of Donaldson by 2.8% during the 3rd quarter. Retirement Systems of Alabama now owns 304,606 shares of the industrial products company's stock valued at $22,449,000 after buying an additional 8,154 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DCI shares. Stifel Nicolaus dropped their price target on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. StockNews.com cut shares of Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Donaldson currently has a consensus rating of "Hold" and an average price target of $71.33.

Donaldson Stock Performance

Shares of NYSE DCI traded up $1.65 during mid-day trading on Tuesday, hitting $63.35. The company had a trading volume of 516,012 shares, compared to its average volume of 574,616. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $78.95. The firm has a market cap of $7.57 billion, a P/E ratio of 18.42, a PEG ratio of 1.82 and a beta of 1.01. The business's 50-day simple moving average is $66.54 and its 200-day simple moving average is $70.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20.

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

Donaldson Announces Dividend

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

Insider Activity

In related news, Director James Owens sold 18,700 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the completion of the transaction, the director now owns 20,246 shares in the company, valued at $1,255,656.92. This trade represents a 48.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas R. Scalf sold 28,500 shares of the business's stock in a transaction 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 owns 28,334 shares in the company, valued at $1,961,279.48. This represents a 50.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,700 shares of company stock worth $5,164,799. 2.70% of the stock is currently owned by corporate insiders.

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.