Two Sigma Investments LP Cuts Position in Donaldson Company, Inc. (NYSE:DCI)

Two Sigma Investments LP lowered its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 77.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,289 shares of the industrial products company's stock after selling 43,291 shares during the quarter. Two Sigma Investments LP's holdings in Donaldson were worth $828,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. IFP Advisors Inc increased its stake in Donaldson by 94.5% in the fourth quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company's stock valued at $185,000 after purchasing an additional 1,334 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Donaldson by 7.1% in 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 last quarter. Arrowstreet Capital Limited Partnership raised its stake in Donaldson by 38.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 574,146 shares of the industrial products company's stock worth $38,669,000 after acquiring an additional 158,487 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in 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 worth $4,344,000 after acquiring an additional 13,620 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its position in Donaldson by 40.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 32,020 shares of the industrial products company's stock valued at $2,157,000 after acquiring an additional 9,159 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on DCI. Stifel Nicolaus dropped their price objective 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 raised their price target on Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Morgan Stanley reiterated an "underweight" rating and issued a $69.00 price objective (up previously from $65.00) on shares of Donaldson in a research note on Friday. Finally, Wall Street Zen lowered shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. One research 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 MarketBeat.com, the company has an average rating of "Hold" and an average price target of $70.00.

Insider Activity at Donaldson

In other news, President Thomas R. Scalf sold 28,500 shares of the firm's stock in a transaction on Monday, March 17th. The shares were 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 in the company, valued at approximately $1,961,279.48. This trade represents a 50.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Owens sold 18,700 shares of the business's stock in a transaction dated 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 approximately $1,255,656.92. This trade represents a 48.02% 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 insiders.

Donaldson Stock Performance

Shares of DCI traded up $0.01 during mid-day trading on Tuesday, hitting $70.56. 588,014 shares of the company's stock were exchanged, compared to its average volume of 562,302. 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 business's 50 day moving average is $66.54 and its two-hundred day moving average is $68.73. The firm has a market capitalization of $8.22 billion, a P/E ratio of 20.51, a P/E/G ratio of 1.82 and a beta of 0.99.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm had revenue of $940.10 million during the quarter, compared to the consensus estimate of $936.02 million. During the same period in the prior year, the business earned $0.92 EPS. The firm's revenue was up 1.3% compared to the same quarter last year. On average, equities analysts expect 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 given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.70%. This is a positive change from Donaldson's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, June 16th. Donaldson's dividend payout ratio (DPR) is 40.27%.

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.