KLP Kapitalforvaltning AS Sells 5,400 Shares of Donaldson Company, Inc. $DCI

Key Points

• KLP Kapitalforvaltning AS reduced its ownership in Donaldson Company, Inc. by 14.1%, selling 5,400 shares while retaining 32,900 shares valued at approximately $2.28 million.
• Several brokerages have raised their price targets for Donaldson, with Stifel Nicolaus increasing it from $69.00 to $84.00 and Robert W. Baird from $78.00 to $85.00, reflecting a positive outlook for the stock.
• In insider news, Amy C. Becker and Director Trudy A. Rautio sold significant portions of their holdings, with Becker offloading 18,500 shares and Rautio 31,900 shares on August 28th.

KLP Kapitalforvaltning AS lessened its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 14.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,900 shares of the industrial products company's stock after selling 5,400 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Donaldson were worth $2,282,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. ICW Investment Advisors LLC boosted its position in shares of Donaldson by 0.6% during the 1st quarter. ICW Investment Advisors LLC now owns 24,094 shares of the industrial products company's stock worth $1,616,000 after purchasing an additional 150 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Donaldson by 2.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 7,291 shares of the industrial products company's stock valued at $506,000 after acquiring an additional 160 shares in the last quarter. Cresset Asset Management LLC lifted its position in Donaldson by 1.7% in the 1st quarter. Cresset Asset Management LLC now owns 11,462 shares of the industrial products company's stock valued at $769,000 after acquiring an additional 191 shares in the last quarter. State of Michigan Retirement System lifted its position in Donaldson by 0.7% in the 1st quarter. State of Michigan Retirement System now owns 28,558 shares of the industrial products company's stock valued at $1,915,000 after acquiring an additional 200 shares in the last quarter. Finally, Xponance Inc. lifted its position in Donaldson by 1.5% in the 1st quarter. Xponance Inc. now owns 13,872 shares of the industrial products company's stock valued at $930,000 after acquiring an additional 201 shares in the last quarter. Institutional investors own 82.81% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DCI. Stifel Nicolaus raised their price target on shares of Donaldson from $69.00 to $84.00 and gave the company a "hold" rating in a research report on Thursday, August 28th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Donaldson in a research report on Saturday, September 27th. Wall Street Zen raised shares of Donaldson from a "hold" rating to a "buy" rating in a research report on Friday, October 3rd. Robert W. Baird raised their price target on shares of Donaldson from $78.00 to $85.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Finally, Morgan Stanley raised their price target on shares of Donaldson from $69.00 to $72.00 and gave the company an "underweight" rating in a research report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Donaldson presently has an average rating of "Hold" and a consensus price target of $80.33.

Insider Transactions at Donaldson

In other news, insider Amy C. Becker sold 18,500 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $81.71, for a total transaction of $1,511,635.00. Following the completion of the sale, the insider owned 44,645 shares in the company, valued at $3,647,942.95. This trade represents a 29.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Trudy A. Rautio sold 31,900 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $79.96, for a total transaction of $2,550,724.00. Following the sale, the director owned 29,330 shares of the company's stock, valued at approximately $2,345,226.80. The trade was a 52.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,900 shares of company stock worth $5,129,264 in the last quarter. Insiders own 2.70% of the company's stock.

Donaldson Trading Down 2.1%

NYSE:DCI opened at $79.75 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.93. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $83.43. The firm has a 50-day moving average price of $78.58 and a two-hundred day moving average price of $71.73.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 28th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. The company had revenue of $802.50 million during the quarter. On average, equities analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. Donaldson's dividend payout ratio (DPR) is presently 39.34%.

Donaldson Company 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.

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