Tidal Investments LLC Sells 4,768 Shares of Donaldson Company, Inc. (NYSE:DCI)

Tidal Investments LLC cut its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 51.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,559 shares of the industrial products company's stock after selling 4,768 shares during the quarter. Tidal Investments LLC's holdings in Donaldson were worth $307,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Donaldson during the 4th quarter worth approximately $65,828,000. Scharf Investments LLC purchased a new stake in shares of Donaldson during the fourth quarter worth about $61,697,000. Capital Counsel LLC NY lifted its stake in Donaldson by 489.2% during the fourth quarter. Capital Counsel LLC NY now owns 656,957 shares of the industrial products company's stock worth $44,246,000 after purchasing an additional 545,457 shares during the last quarter. Fiduciary Management Inc. WI increased its stake in Donaldson by 19.9% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company's stock valued at $148,795,000 after purchasing an additional 367,383 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Donaldson by 24.7% in the 4th quarter. Invesco Ltd. now owns 1,512,667 shares of the industrial products company's stock worth $101,878,000 after buying an additional 299,302 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Wall Street Analyst Weigh In

DCI has been the topic of several research reports. Robert W. Baird increased their price objective on shares of Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research note on Wednesday. Wall Street Zen cut Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus lowered their price objective 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 given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $69.67.

Insider Buying and Selling

In other Donaldson news, Director James Owens sold 18,700 shares of the stock in a transaction that occurred 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 transaction, the director now owns 20,246 shares in the company, valued at $1,255,656.92. This trade represents a 48.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Thomas R. Scalf sold 28,500 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction 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 $1,961,279.48. The trade was a 50.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

Donaldson Stock Up 0.9%

DCI stock traded up $0.61 during mid-day trading on Wednesday, hitting $69.90. The stock had a trading volume of 141,188 shares, compared to its average volume of 566,768. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $78.95. The company has a fifty day moving average of $66.20 and a 200 day moving average of $68.93. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.04. The firm had revenue of $940.10 million for the quarter, compared to the consensus estimate of $936.02 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm's revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 earnings per share. On average, equities analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Increases Dividend

The firm 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 represents a $1.20 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Monday, June 16th. This is a positive change from Donaldson's previous quarterly dividend of $0.27. Donaldson's payout ratio is presently 31.58%.

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.