Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Key Points

• Tokio Marine Asset Management Co. Ltd. reduced its stake in Donaldson Company, Inc. by 13.9%, selling 10,261 shares to now own 63,382 shares worth $4,250,000.
• Donaldson reported a quarterly earnings per share (EPS) of $0.99, which exceeded analysts' expectations of $0.95, with revenues reaching $940.10 million.
• The company announced a quarterly dividend of $0.30 per share, with an upcoming payment date of August 27th and a yield of 1.6%.

Tokio Marine Asset Management Co. Ltd. reduced its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 13.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,382 shares of the industrial products company's stock after selling 10,261 shares during the period. Tokio Marine Asset Management Co. Ltd. owned about 0.05% of Donaldson worth $4,250,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Colonial Trust Co SC acquired a new stake in Donaldson during the 4th quarter worth $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of Donaldson during the first quarter worth about $29,000. Johnson Financial Group Inc. grew 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 worth $42,000 after buying an additional 195 shares during the period. Wood Tarver Financial Group LLC acquired a new position in Donaldson during the fourth quarter worth about $42,000. Finally, CX Institutional purchased a new stake in shares of Donaldson in the first quarter valued at about $53,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

Donaldson Trading Down 1.2%

Shares of DCI traded down $0.90 on Friday, hitting $73.39. 384,902 shares of the stock traded hands, compared to its average volume of 482,502. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $8.55 billion, a P/E ratio of 24.63, a P/E/G ratio of 1.79 and a beta of 0.99. The stock's 50 day moving average is $70.85 and its two-hundred day moving average is $68.73. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $936.02 million. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. Donaldson's revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 earnings per share. As a group, sell-side analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, August 12th. Donaldson's payout ratio is currently 40.27%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. 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. Finally, Robert W. Baird upped their price target on shares of Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th.

Donaldson 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.