Confluence Investment Management LLC Has $21.38 Million Holdings in Donaldson Company, Inc. (NYSE:DCI)

Confluence Investment Management LLC trimmed its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 2.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 318,834 shares of the industrial products company's stock after selling 9,615 shares during the period. Confluence Investment Management LLC owned approximately 0.27% of Donaldson worth $21,381,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. 111 Capital bought a new position in Donaldson during the 4th quarter valued at about $245,000. Wood Tarver Financial Group LLC bought a new position in Donaldson during the 4th quarter valued at about $42,000. Menard Financial Group LLC bought a new position in Donaldson during the 4th quarter valued at about $90,000. Jefferies Financial Group Inc. bought a new position in Donaldson during the 4th quarter valued at about $719,000. Finally, Parr Mcknight Wealth Management Group LLC bought a new position in Donaldson during the 4th quarter valued at about $247,000. 82.81% of the stock is owned by institutional investors.

Donaldson Stock Down 0.3%

DCI traded down $0.18 during trading on Friday, reaching $69.56. The company had a trading volume of 625,938 shares, compared to its average volume of 565,925. 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 Company, Inc. has a 12 month low of $57.45 and a 12 month high of $78.95. The business's fifty day moving average price is $66.18 and its 200 day moving average price is $69.04. The company has a market cap of $8.31 billion, a P/E ratio of 20.22, a PEG ratio of 1.82 and a beta of 1.01.

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). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business had revenue of $870.00 million during the quarter, compared to the consensus estimate of $908.32 million. Equities analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.30 dividend. This is an increase from Donaldson's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.73%. Donaldson's payout ratio is currently 31.58%.

Insider Buying and Selling at Donaldson

In related news, Director James Owens sold 18,700 shares of the company's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $62.02, for a total value of $1,159,774.00. Following the transaction, the director now directly owns 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. Also, President Thomas R. Scalf sold 28,500 shares of the company's stock in a transaction dated 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 transaction, the president now owns 28,334 shares in the company, valued at $1,961,279.48. This trade represents a 50.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Stifel Nicolaus cut their price target on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a report on Monday, April 14th. Wall Street Zen downgraded shares of Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $71.33.

Donaldson 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.