Rhumbline Advisers Sells 7,221 Shares of Donaldson Company, Inc. (NYSE:DCI)

Rhumbline Advisers lessened its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 2.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 359,154 shares of the industrial products company's stock after selling 7,221 shares during the period. Rhumbline Advisers owned approximately 0.30% of Donaldson worth $24,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DCI. Colonial Trust Co SC acquired a new position in shares of Donaldson in the fourth quarter valued at approximately $25,000. Smartleaf Asset Management LLC grew its position 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 valued at $40,000 after purchasing an additional 180 shares during the last quarter. Johnson Financial Group Inc. grew its position 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 valued at $42,000 after purchasing an additional 195 shares during the last quarter. Wood Tarver Financial Group LLC acquired a new position in shares of Donaldson in the fourth quarter valued at approximately $42,000. Finally, Venturi Wealth Management LLC grew its position 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 valued at $53,000 after purchasing an additional 369 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Insiders Place Their Bets

In other news, Director James Owens sold 18,700 shares of the stock in a transaction 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas R. Scalf sold 28,500 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the completion of the transaction, the president now owns 28,334 shares of the company's stock, valued at $1,961,279.48. The trade was 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.

Analysts Set New Price Targets

Several equities analysts have recently commented on DCI shares. Morgan Stanley reaffirmed an "underweight" rating and issued a $69.00 target price (up previously from $65.00) on shares of Donaldson in a research report on Friday. Wall Street Zen downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Stifel Nicolaus reduced their price target on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Robert W. Baird increased their price target on Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Donaldson currently has a consensus rating of "Hold" and an average target price of $70.00.

Donaldson Price Performance

NYSE:DCI traded up $0.53 during trading hours on Friday, reaching $70.39. 545,589 shares of the company were exchanged, compared to its average volume of 563,723. The company has a market capitalization of $8.20 billion, a P/E ratio of 20.46, a P/E/G ratio of 1.82 and a beta of 0.99. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $78.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The business has a 50 day moving average of $66.36 and a 200 day moving average of $68.86.

Donaldson (NYSE:DCI - Get Free Report) last released its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm had revenue of $940.10 million during the quarter, compared to analysts' expectations of $936.02 million. During the same period in the prior year, the company earned $0.92 earnings per share. The company's quarterly revenue was up 1.3% on a year-over-year basis. Research analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, June 16th. This is a boost from Donaldson's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.70%. Donaldson's dividend payout ratio is presently 40.27%.

Donaldson Company 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.