Donaldson Company, Inc. (NYSE:DCI) Shares Bought by Fmr LLC

FMR LLC boosted its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,994,275 shares of the industrial products company's stock after purchasing an additional 231,424 shares during the period. FMR LLC owned about 3.34% of Donaldson worth $269,014,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Barclays PLC raised its position in Donaldson by 19.3% in the third quarter. Barclays PLC now owns 83,738 shares of the industrial products company's stock worth $6,171,000 after acquiring an additional 13,568 shares during the period. M&T Bank Corp raised its stake in shares of Donaldson by 1.3% in the third quarter. M&T Bank Corp now owns 25,251 shares of the industrial products company's stock worth $1,862,000 after buying an additional 322 shares during the period. Vestcor Inc grew its stake in shares of Donaldson by 10.2% during the 3rd quarter. Vestcor Inc now owns 11,620 shares of the industrial products company's stock valued at $856,000 after acquiring an additional 1,079 shares during the period. Geode Capital Management LLC raised its stake in Donaldson by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company's stock worth $180,522,000 after acquiring an additional 118,156 shares during the period. Finally, TD Private Client Wealth LLC boosted its position in shares of Donaldson by 32.6% in the third quarter. TD Private Client Wealth LLC now owns 2,540 shares of the industrial products company's stock worth $187,000 after purchasing an additional 625 shares during the period. 82.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Stifel Nicolaus reduced their target price on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $71.33.

Donaldson Trading Up 0.4 %

Shares of NYSE:DCI traded up $0.25 during trading hours on Thursday, hitting $62.70. 106,561 shares of the company's stock traded hands, compared to its average volume of 571,634. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $78.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The firm has a market capitalization of $7.49 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. The business has a fifty day moving average price of $67.15 and a 200-day moving average price of $70.67.

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

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were issued a $0.27 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.72%. Donaldson's payout ratio is currently 31.58%.

Insiders Place Their Bets

In other news, Director James Owens sold 18,700 shares of the company's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the sale, the director now owns 20,246 shares in the company, valued at $1,255,656.92. This represents a 48.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas R. Scalf sold 29,500 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $68.89, for a total value of $2,032,255.00. Following the completion of the sale, the president now owns 28,334 shares in the company, valued at approximately $1,951,929.26. This represents a 51.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,700 shares of company stock worth $5,164,799 in the last three months. Corporate insiders own 2.70% of the company's stock.

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.