22,600 Shares in Donaldson Company, Inc. $DCI Acquired by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON Asset Management UK Plc bought a new stake of 22,600 shares in Donaldson (NYSE:DCI) during Q4, valued at about $2.00 million.
• Director James Owens sold 13,753 shares on April 14, cutting his ownership by ~37.87%; insiders sold 19,800 shares in the quarter and now own 2.20% of the company.
• Donaldson missed Q4 EPS estimates (reported $0.83 vs. $0.90 expected) with revenue roughly flat to consensus, and analysts are mixed — the average rating is Hold with an average target of $100.20.

AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 22,600 shares of the industrial products company's stock, valued at approximately $2,004,000.

A number of other institutional investors also recently modified their holdings of DCI. Concurrent Investment Advisors LLC bought a new position in Donaldson in the 4th quarter worth $342,000. HB Wealth Management LLC increased its stake in shares of Donaldson by 5.5% in the fourth quarter. HB Wealth Management LLC now owns 3,373 shares of the industrial products company's stock worth $299,000 after purchasing an additional 175 shares during the period. M&T Bank Corp increased its stake in shares of Donaldson by 7.8% in the fourth quarter. M&T Bank Corp now owns 21,774 shares of the industrial products company's stock worth $1,930,000 after purchasing an additional 1,583 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Donaldson by 88.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 70,931 shares of the industrial products company's stock worth $6,313,000 after purchasing an additional 33,242 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in Donaldson by 390.4% during the 4th quarter. Evergreen Capital Management LLC now owns 15,883 shares of the industrial products company's stock valued at $1,408,000 after purchasing an additional 12,644 shares during the period. Institutional investors own 82.81% of the company's stock.

Insider Transactions at Donaldson

In related news, Director James Owens sold 13,753 shares of Donaldson stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total value of $1,226,905.13. Following the completion of the sale, the director directly owned 22,565 shares in the company, valued at $2,013,023.65. This trade represents a 37.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 19,800 shares of company stock valued at $1,765,184 in the last quarter. 2.20% of the stock is owned by company insiders.

Donaldson Stock Up 0.0%

Shares of NYSE:DCI opened at $89.00 on Monday. The company has a quick ratio of 1.46, a current ratio of 2.29 and a debt-to-equity ratio of 0.43. The firm has a market cap of $10.31 billion, a P/E ratio of 27.81, a P/E/G ratio of 2.24 and a beta of 1.05. Donaldson Company, Inc. has a 12 month low of $64.25 and a 12 month high of $112.84. The company's 50-day moving average price is $90.85 and its two-hundred day moving average price is $91.65.

Donaldson (NYSE:DCI - Get Free Report) last announced its earnings results on Wednesday, February 25th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by ($0.07). The company had revenue of $896.30 million during the quarter, compared to the consensus estimate of $898.64 million. Donaldson had a return on equity of 29.85% and a net margin of 10.09%.The company's revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 earnings per share. As a group, research analysts forecast that Donaldson Company, Inc. will post 3.97 EPS for the current fiscal year.

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were issued a $0.30 dividend. The ex-dividend date was Thursday, February 12th. This represents a $1.20 annualized dividend and a yield of 1.3%. Donaldson's dividend payout ratio (DPR) is currently 37.50%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DCI. Morgan Stanley dropped their price objective on shares of Donaldson from $93.00 to $91.00 and set an "equal weight" rating on the stock in a report on Monday, March 9th. Weiss Ratings cut shares of Donaldson from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 15th. Wall Street Zen downgraded shares of Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. Robert W. Baird reduced their price target on shares of Donaldson from $104.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, March 30th. Finally, Jefferies Financial Group upped their price objective on shares of Donaldson to $123.00 and gave the stock a "buy" rating in a research note on Monday, February 2nd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Donaldson has an average rating of "Hold" and an average target price of $100.20.

About Donaldson

Donaldson Company, Inc NYSE: DCI is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson's product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.

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