KBC Group NV Sells 37,947 Shares of Donaldson Company, Inc. (NYSE:DCI)

KBC Group NV decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 89.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,451 shares of the industrial products company's stock after selling 37,947 shares during the period. KBC Group NV's holdings in Donaldson were worth $298,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DCI. Proficio Capital Partners LLC bought a new stake in Donaldson in the fourth quarter worth $1,311,000. Smartleaf Asset Management LLC grew its stake in shares of Donaldson by 43.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock worth $40,000 after buying an additional 180 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Donaldson by 84.4% in the 4th quarter. Jones Financial Companies Lllp now owns 13,786 shares of the industrial products company's stock worth $928,000 after buying an additional 6,308 shares during the last quarter. Atria Investments Inc raised its position in shares of Donaldson by 49.7% during the 4th quarter. Atria Investments Inc now owns 13,926 shares of the industrial products company's stock valued at $938,000 after buying an additional 4,625 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Donaldson in the 4th quarter valued at about $13,865,000. Hedge funds and other institutional investors own 82.81% of the company's stock.

Donaldson Trading Down 1.6%

Shares of NYSE:DCI traded down $1.14 during trading hours on Monday, hitting $70.12. 480,091 shares of the company's stock traded hands, compared to its average volume of 560,515. The firm has a market capitalization of $8.17 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 1.85 and a beta of 0.98. The business has a fifty day moving average price of $69.01 and a 200-day moving average price of $68.16. 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 0.44, a current ratio of 1.94 and a quick ratio of 1.24.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. Donaldson had a return on equity of 28.86% and a net margin of 9.94%. The company had revenue of $940.10 million during the quarter, compared to analysts' expectations of $936.02 million. During the same quarter in the previous year, the business earned $0.92 EPS. Donaldson's revenue was up 1.3% compared to the same quarter last year. Equities analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Monday, June 16th. This is an increase from Donaldson's previous quarterly dividend of $0.27. Donaldson's dividend payout ratio (DPR) is currently 40.27%.

Analysts Set New Price Targets

DCI has been the topic of a number of recent research reports. Wall Street Zen downgraded Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday. Stifel Nicolaus decreased their price target on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Morgan Stanley restated an "underweight" rating and issued a $69.00 price target (up from $65.00) on shares of Donaldson in a research report on Friday, June 6th. Finally, Robert W. Baird boosted their price objective on shares of Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th.

Insiders Place Their Bets

In other Donaldson news, Director James Owens sold 18,700 shares of the business'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 completion of the sale, the director directly owned 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 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 insiders.

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.