Parallel Advisors LLC Sells 3,849 Shares of Donaldson Company, Inc. (NYSE:DCI)

Parallel Advisors LLC trimmed its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,808 shares of the industrial products company's stock after selling 3,849 shares during the period. Parallel Advisors LLC owned 0.13% of Donaldson worth $10,381,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Colonial Trust Co SC bought a new stake in shares of Donaldson during the 4th quarter valued at about $25,000. Smartleaf Asset Management LLC lifted its position in Donaldson by 43.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 180 shares during the last quarter. Johnson Financial Group Inc. lifted its position in Donaldson by 48.8% during the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 195 shares during the last quarter. Wood Tarver Financial Group LLC bought a new stake in Donaldson during the fourth quarter valued at approximately $42,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Donaldson by 89.6% during the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock worth $53,000 after acquiring an additional 369 shares during the last quarter. 82.81% of the stock is owned by institutional investors.

Donaldson Price Performance

NYSE:DCI traded down $0.18 during mid-day trading on Friday, reaching $69.56. The stock had a trading volume of 625,938 shares, compared to its average volume of 565,925. The stock has a market capitalization of $8.31 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.82 and a beta of 1.01. 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 Company, Inc. has a one year low of $57.45 and a one year high of $78.95. The firm has a 50 day moving average price of $66.18 and a two-hundred day moving average price of $69.04.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts' consensus estimates of $0.85 by ($0.02). The business had revenue of $870.00 million during the quarter, compared to the consensus estimate of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. As a group, analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Increases Dividend

The firm also recently declared 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. This is an increase from Donaldson's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.73%. Donaldson's payout ratio is currently 31.58%.

Insiders Place Their Bets

In other news, President Thomas R. Scalf sold 28,500 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $69.22, for a total value of $1,972,770.00. Following the completion of the sale, the president now owns 28,334 shares of the company's stock, valued at approximately $1,961,279.48. The trade was a 50.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James Owens sold 18,700 shares of the business's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $62.02, for a total value of $1,159,774.00. Following the completion of the sale, the director now directly 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 position. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DCI has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of 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 for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Donaldson presently has a consensus rating of "Hold" and a consensus target price of $71.33.

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.