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

Boston Trust Walden Corp reduced its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 1.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,621,959 shares of the industrial products company's stock after selling 27,873 shares during the quarter. Donaldson makes up about 1.3% of Boston Trust Walden Corp's holdings, making the stock its 7th largest position. Boston Trust Walden Corp owned about 2.19% of Donaldson worth $175,829,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DCI. Colonial Trust Co SC purchased a new stake in Donaldson in the fourth quarter worth $25,000. Smartleaf Asset Management LLC boosted its holdings in shares of Donaldson by 43.2% in the fourth 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. Johnson Financial Group Inc. boosted its holdings in shares of Donaldson by 48.8% in the fourth 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 period. Wood Tarver Financial Group LLC bought a new position in shares of Donaldson in the fourth quarter worth $42,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Donaldson by 89.6% in the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock worth $53,000 after acquiring an additional 369 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Donaldson Trading Down 0.5%

Shares of DCI traded down $0.37 during trading hours on Friday, hitting $68.06. The company had a trading volume of 970,586 shares, compared to its average volume of 565,465. The firm has a market cap of $7.93 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.78 and a beta of 0.99. The stock's 50 day moving average price is $67.69 and its 200 day moving average price is $68.32. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 0.44. 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 released its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. The firm had revenue of $940.10 million for the quarter, compared to the consensus estimate of $936.02 million. Donaldson had a return on equity of 28.86% and a net margin of 9.94%. The company's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 earnings per share. On average, research analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Increases Dividend

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

Insider Buying and Selling at Donaldson

In other news, Director James Owens sold 18,700 shares of the business'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 sale, the director now directly owns 20,246 shares of the company's stock, valued at $1,255,656.92. The trade was a 48.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Morgan Stanley reaffirmed an "underweight" rating and issued a $69.00 price target (up from $65.00) on shares of Donaldson in a report on Friday, June 6th. Wall Street Zen lowered Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. 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. Finally, Stifel Nicolaus dropped their price objective on Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus 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.