Boston Trust Walden Corp Trims Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Boston Trust Walden Corp decreased its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 1.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,621,959 shares of the industrial products company's stock after selling 27,873 shares during the quarter. Donaldson accounts for about 1.3% of Boston Trust Walden Corp's portfolio, making the stock its 7th largest holding. Boston Trust Walden Corp owned approximately 2.19% of Donaldson worth $175,829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DCI. Norges Bank acquired a new stake in Donaldson in the 4th quarter worth about $65,828,000. Capital Counsel LLC NY increased its holdings in Donaldson by 489.2% in the 4th quarter. Capital Counsel LLC NY now owns 656,957 shares of the industrial products company's stock valued at $44,246,000 after buying an additional 545,457 shares during the period. Fiduciary Management Inc. WI increased its holdings in Donaldson by 19.9% in the 4th quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company's stock valued at $148,795,000 after buying an additional 367,383 shares during the period. Invesco Ltd. increased its holdings in Donaldson by 24.7% in the 4th quarter. Invesco Ltd. now owns 1,512,667 shares of the industrial products company's stock valued at $101,878,000 after buying an additional 299,302 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its holdings in Donaldson by 70.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 626,776 shares of the industrial products company's stock valued at $42,214,000 after buying an additional 258,800 shares during the period. Institutional investors and hedge funds own 82.81% of the company's stock.

Donaldson Price Performance

Shares of Donaldson stock traded down $0.37 during midday trading on Friday, hitting $68.06. 970,586 shares of the company traded hands, compared to its average volume of 563,492. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 1.77 and a beta of 0.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.94. The firm's fifty day moving average price is $67.69 and its 200-day moving average price is $68.29. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. The company had revenue of $940.10 million for the quarter, compared to analyst estimates of $936.02 million. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The firm's revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 EPS. As a group, sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, June 16th. This is an increase from Donaldson's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.76%. Donaldson's dividend payout ratio (DPR) is currently 40.27%.

Insider Buying and Selling

In related news, Director James Owens sold 18,700 shares of Donaldson 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 sale, the director now directly 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 at this hyperlink. 2.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DCI has been the topic of several recent analyst reports. Stifel Nicolaus decreased their target price 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. Morgan Stanley reissued an "underweight" rating and issued a $69.00 target price (up from $65.00) on shares of Donaldson in a report on Friday, June 6th. Wall Street Zen lowered shares of Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Finally, Robert W. Baird raised their target price on shares of Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $70.00.

About Donaldson

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.