Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Mountain Pacific Investment Advisers LLC

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

Several other institutional investors also recently bought and sold shares of DCI. IFP Advisors Inc raised its position in shares of Donaldson by 94.5% during the 4th quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company's stock valued at $185,000 after buying an additional 1,334 shares during the period. JPMorgan Chase & Co. raised its position in shares of Donaldson by 7.1% during the 4th quarter. JPMorgan Chase & Co. now owns 470,602 shares of the industrial products company's stock valued at $31,695,000 after buying an additional 31,064 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Donaldson by 38.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 574,146 shares of the industrial products company's stock valued at $38,669,000 after buying an additional 158,487 shares during the period. Farther Finance Advisors LLC raised its position in shares of Donaldson by 71.7% during the 1st quarter. Farther Finance Advisors LLC now owns 6,241 shares of the industrial products company's stock valued at $421,000 after buying an additional 2,606 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of Donaldson by 26.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 64,501 shares of the industrial products company's stock valued at $4,344,000 after buying an additional 13,620 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DCI has been the topic of a number of research analyst reports. Robert W. Baird boosted their target price on Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Wall Street Zen lowered Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Stifel Nicolaus cut their target price on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Morgan Stanley restated an "underweight" rating and issued a $69.00 price target (up previously from $65.00) on shares of Donaldson in a research note on Friday, June 6th. One equities 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 data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $70.00.

Insider Activity at Donaldson

In other Donaldson news, Director James Owens sold 18,700 shares of the firm's stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the completion of the transaction, the director now owns 20,246 shares of the company's stock, valued at approximately $1,255,656.92. This trade represents a 48.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.70% of the stock is currently owned by company insiders.

Donaldson Stock Performance

Shares of NYSE DCI traded up $0.02 during trading hours on Thursday, reaching $68.36. The stock had a trading volume of 466,171 shares, compared to its average volume of 563,409. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 22.94, a PEG ratio of 1.78 and a beta of 0.99. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. 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 50-day moving average of $67.48 and a 200-day moving average of $68.42.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.04. The company had revenue of $940.10 million during the quarter, compared to analysts' expectations of $936.02 million. Donaldson had a return on equity of 28.86% and a net margin of 9.94%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. Equities research analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.30 dividend. This is an increase from Donaldson's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.76%. The ex-dividend date is Monday, June 16th. Donaldson's dividend payout ratio (DPR) is presently 40.27%.

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.