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 1st quarter, according to the company in its most recent disclosure with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of DCI. Colonial Trust Co SC acquired a new stake in shares of Donaldson in the fourth quarter valued at approximately $25,000. Johnson Financial Group Inc. increased 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 valued at $42,000 after purchasing an additional 195 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in 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 acquiring an additional 180 shares during the last quarter. Wood Tarver Financial Group LLC bought a new position in Donaldson in the fourth quarter valued at approximately $42,000. Finally, CX Institutional acquired a new stake in Donaldson during the 1st quarter worth $53,000. Institutional investors and hedge funds own 82.81% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on DCI shares. Robert W. Baird lifted 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. Stifel Nicolaus lowered their target price 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. Morgan Stanley reaffirmed an "underweight" rating and set a $69.00 target price (up previously from $65.00) on shares of Donaldson in a report on Friday, June 6th. Finally, Wall Street Zen lowered shares of Donaldson from a "buy" rating to a "hold" rating in a report on Saturday.

Insider Activity

In other news, Director James Owens sold 18,700 shares of the business's stock in a transaction on 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 transaction, the director 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by company insiders.

Donaldson Trading Up 0.4%

DCI traded up $0.26 during trading on Wednesday, reaching $70.92. 375,717 shares of the company's stock were exchanged, compared to its average volume of 561,628. 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 $8.26 billion, a PE ratio of 23.80, a P/E/G ratio of 1.84 and a beta of 0.98. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.94. The company's fifty day moving average price is $69.30 and its 200-day moving average price is $68.21.

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

Donaldson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a $0.30 dividend. This is a positive change from Donaldson's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.69%. Donaldson's payout ratio is 40.27%.

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.