Allspring Global Investments Holdings LLC cut its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 1.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 950,479 shares of the industrial products company's stock after selling 10,809 shares during the period. Allspring Global Investments Holdings LLC owned 0.80% of Donaldson worth $64,110,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of the stock. Colonial Trust Co SC acquired a new stake in shares of Donaldson during the fourth quarter worth $25,000. Johnson Financial Group Inc. raised its stake in Donaldson by 48.8% in the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock worth $42,000 after acquiring an additional 195 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock worth $40,000 after acquiring an additional 180 shares during the period. Wood Tarver Financial Group LLC acquired a new stake in Donaldson during the 4th quarter worth about $42,000. Finally, CX Institutional purchased a new stake in Donaldson during the 1st quarter valued at about $53,000. Hedge funds and other institutional investors own 82.81% of the company's stock.
Insider Activity
In related news, Director James Owens sold 18,700 shares of the company'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 value of $1,159,774.00. Following the transaction, the director directly owned 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is owned by corporate insiders.
Donaldson Price Performance
Shares of NYSE:DCI traded up $0.10 during trading on Thursday, reaching $71.26. The stock had a trading volume of 395,314 shares, compared to its average volume of 559,782. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.94. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $78.95. The stock has a market cap of $8.30 billion, a PE ratio of 23.91, a PEG ratio of 1.84 and a beta of 0.98. The business has a fifty day moving average price of $68.78 and a 200-day moving average price of $68.16.
Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. Donaldson had a return on equity of 28.86% and a net margin of 9.94%. The company had revenue of $940.10 million for the quarter, compared to analyst estimates of $936.02 million. During the same quarter last year, the firm posted $0.92 EPS. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.
Donaldson Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.30 dividend. This is a boost from Donaldson's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Monday, June 16th. Donaldson's dividend payout ratio is presently 40.27%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on DCI. Wall Street Zen upgraded Donaldson from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Morgan Stanley reissued an "underweight" rating and set a $69.00 price target (up from $65.00) on shares of Donaldson in a research report on Friday, June 6th. Stifel Nicolaus dropped their price objective on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Finally, Robert W. Baird lifted their price objective on Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th.
Read Our Latest Stock Report on DCI
About Donaldson
(
Free Report)
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.
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