Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Jensen Investment Management Inc.

Key Points

• Jensen Investment Management Inc. has reduced its stake in Donaldson Company, Inc. by 13.4%, now holding 66,810 shares valued at approximately $4.48 million.
• Donaldson's recent quarterly earnings report showed an EPS of $0.99, exceeding estimates, with revenue increasing by 1.3% compared to last year.
• The company declared a $0.30 per share quarterly dividend, resulting in an annualized dividend yield of 1.7% with a payout ratio of 40.27%.

Jensen Investment Management Inc. decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 13.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,810 shares of the industrial products company's stock after selling 10,300 shares during the period. Jensen Investment Management Inc. owned 0.06% of Donaldson worth $4,480,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Natixis Advisors LLC lifted its position in shares of Donaldson by 9.1% in the first quarter. Natixis Advisors LLC now owns 21,007 shares of the industrial products company's stock worth $1,409,000 after buying an additional 1,759 shares in the last quarter. Seizert Capital Partners LLC purchased a new stake in shares of Donaldson in the 1st quarter worth $3,913,000. XTX Topco Ltd bought a new stake in Donaldson during the 1st quarter valued at $268,000. Meeder Asset Management Inc. purchased a new stake in shares of Donaldson during the 1st quarter valued at $277,000. Finally, LPL Financial LLC raised its position in shares of Donaldson by 3.0% in the 1st quarter. LPL Financial LLC now owns 69,858 shares of the industrial products company's stock valued at $4,685,000 after purchasing an additional 2,053 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Stifel Nicolaus reduced their target price on Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research note on Monday, April 14th. 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. Wall Street Zen downgraded shares of Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Robert W. Baird raised their target price on shares of Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th.

Donaldson Stock Performance

Donaldson stock traded down $0.07 during midday trading on Thursday, hitting $72.05. 356,995 shares of the company were exchanged, compared to its average volume of 510,198. Donaldson Company, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $78.95. The firm has a market capitalization of $8.39 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99. The business has a fifty day simple moving average of $70.37 and a two-hundred day simple moving average of $68.66. 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 (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 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 quarter last year, the business earned $0.92 earnings per share. On average, sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, August 12th. Donaldson's payout ratio is 40.27%.

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.