Dudley & Shanley Inc. Trims Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Dudley & Shanley Inc. trimmed its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 8.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 244,965 shares of the industrial products company's stock after selling 23,785 shares during the quarter. Donaldson accounts for approximately 2.6% of Dudley & Shanley Inc.'s portfolio, making the stock its 19th largest holding. Dudley & Shanley Inc. owned about 0.20% of Donaldson worth $16,427,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Argent Trust Co raised its stake in shares of Donaldson by 3.3% during the 4th quarter. Argent Trust Co now owns 4,739 shares of the industrial products company's stock worth $319,000 after purchasing an additional 152 shares during the period. 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. CIBC Asset Management Inc grew its position in shares of Donaldson by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company's stock valued at $252,000 after acquiring an additional 187 shares during the period. Johnson Financial Group Inc. increased its stake in shares of Donaldson by 48.8% during the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock worth $42,000 after purchasing an additional 195 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in shares of Donaldson by 4.9% in the 4th quarter. Truist Financial Corp now owns 6,199 shares of the industrial products company's stock worth $417,000 after purchasing an additional 290 shares during the period. Institutional investors own 82.81% of the company's stock.

Donaldson Stock Performance

DCI stock traded up $0.79 during midday trading on Thursday, reaching $70.32. 327,268 shares of the company's stock traded hands, compared to its average volume of 564,287. The firm has a market capitalization of $8.40 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. The company has a 50-day moving average price of $66.25 and a two-hundred day moving average price of $68.94. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85.

Donaldson (NYSE:DCI - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business 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 firm earned $0.92 EPS. The company's quarterly revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.30 dividend. This is a positive change from Donaldson's previous quarterly dividend of $0.27. The ex-dividend date is Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.71%. Donaldson's dividend payout ratio is presently 31.58%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DCI shares. Wall Street Zen downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Stifel Nicolaus decreased their price objective on Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a report on Monday, April 14th. Finally, Robert W. Baird boosted their price objective on Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Donaldson presently has a consensus rating of "Hold" and an average target price of $69.67.

Insider Transactions at Donaldson

In related news, President Thomas R. Scalf sold 28,500 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was 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 represents a 50.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction 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. The trade was a 48.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.70% of the company's stock.

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.