Mountain Pacific Investment Advisers LLC Sells 19,761 Shares of Donaldson Company, Inc. (NYSE:DCI)

Mountain Pacific Investment Advisers LLC decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 451,193 shares of the industrial products company's stock after selling 19,761 shares during the period. Donaldson accounts for about 2.2% of Mountain Pacific Investment Advisers LLC's investment portfolio, making the stock its 14th largest holding. Mountain Pacific Investment Advisers LLC owned 0.38% of Donaldson worth $30,257,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DCI. Van ECK Associates Corp lifted its position in Donaldson by 27.6% in the fourth 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 during the period. Sanctuary Advisors LLC lifted its position in Donaldson by 10.6% in the fourth quarter. Sanctuary Advisors LLC now owns 21,882 shares of the industrial products company's stock worth $1,568,000 after purchasing an additional 2,095 shares during the period. CIBC Asset Management Inc lifted its position in Donaldson by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company's stock worth $252,000 after purchasing an additional 187 shares during the period. Truist Financial Corp lifted its position in Donaldson by 4.9% in the fourth 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. Finally, Venturi Wealth Management LLC lifted its position in Donaldson by 89.6% in the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock worth $53,000 after purchasing an additional 369 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Up 0.4%

NYSE:DCI traded up $0.30 during trading hours on Monday, hitting $68.96. 493,254 shares of the stock traded hands, compared to its average volume of 562,288. The firm has a 50 day moving average price of $67.11 and a 200 day moving average price of $68.49. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. 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 cap of $8.04 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.82 and a beta of 0.99.

Donaldson (NYSE:DCI - Get Free Report) last announced its 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 11.56% and a return on equity of 29.07%. The company had revenue of $940.10 million for the quarter, compared to the consensus estimate of $936.02 million. During the same period in the previous year, the business earned $0.92 EPS. The company's revenue was up 1.3% on a year-over-year basis. Equities research analysts anticipate 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 will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.30 per share. This is a boost from Donaldson's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Monday, June 16th. Donaldson's payout ratio is currently 40.27%.

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 transaction of $1,159,774.00. Following the transaction, the director now directly owns 20,246 shares in the company, valued at $1,255,656.92. The trade was a 48.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DCI has been the topic of several research reports. Wall Street Zen cut Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Stifel Nicolaus dropped 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. Robert W. Baird upped their price target on Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, Morgan Stanley reaffirmed an "underweight" rating and issued a $69.00 price target (up previously from $65.00) on shares of Donaldson in a report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Donaldson has a consensus rating of "Hold" and an average target price of $70.00.

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.