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Handelsbanken Fonder AB Trims Stake in Donaldson Company, Inc. (NYSE:DCI)

Donaldson logo with Industrials background

Handelsbanken Fonder AB decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 19.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,732 shares of the industrial products company's stock after selling 6,700 shares during the quarter. Handelsbanken Fonder AB's holdings in Donaldson were worth $1,860,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp increased its holdings in Donaldson by 27.6% during the 4th quarter. Van ECK Associates Corp now owns 161,060 shares of the industrial products company's stock worth $10,848,000 after purchasing an additional 34,849 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of Donaldson by 10.6% during the fourth quarter. Sanctuary Advisors LLC now owns 21,882 shares of the industrial products company's stock valued at $1,568,000 after buying an additional 2,095 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Donaldson by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company's stock worth $252,000 after buying an additional 187 shares in the last quarter. Truist Financial Corp grew its holdings in Donaldson by 4.9% during the fourth quarter. Truist Financial Corp now owns 6,199 shares of the industrial products company's stock worth $417,000 after buying an additional 290 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in Donaldson by 89.6% in the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock valued at $53,000 after buying an additional 369 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DCI shares. Wall Street Zen downgraded shares of Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Robert W. Baird boosted their price target on shares of Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Morgan Stanley reaffirmed an "underweight" rating and issued a $69.00 price objective (up from $65.00) on shares of Donaldson in a research report on Friday, June 6th. Finally, Stifel Nicolaus dropped their target price on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Donaldson has a consensus rating of "Hold" and an average target price of $70.00.

View Our Latest Stock Analysis on DCI

Insider Activity

In related news, Director James Owens sold 18,700 shares of the business's stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.70% of the company's stock.

Donaldson Stock Performance

Shares of NYSE DCI traded up $0.22 during mid-day trading on Wednesday, reaching $68.56. 245,089 shares of the company's stock were exchanged, compared to its average volume of 562,073. The firm has a 50-day moving average price of $67.39 and a two-hundred day moving average price of $68.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.94 and a quick ratio of 1.24. The firm has a market capitalization of $7.99 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95.

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, beating analysts' consensus estimates of $0.95 by $0.04. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The firm had revenue of $940.10 million for the quarter, compared to analysts' expectations of $936.02 million. During the same period in the previous year, the company earned $0.92 earnings per share. The company's quarterly revenue was up 1.3% on a year-over-year basis. Analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Increases Dividend

The company 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 $0.30 dividend. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Donaldson's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.75%. Donaldson's payout ratio is presently 40.27%.

Donaldson Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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