Invesco Ltd. Buys 299,302 Shares of Donaldson Company, Inc. (NYSE:DCI)

Invesco Ltd. raised its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 24.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,512,667 shares of the industrial products company's stock after buying an additional 299,302 shares during the period. Invesco Ltd. owned about 1.27% of Donaldson worth $101,878,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DCI. Barclays PLC grew its position in shares of Donaldson by 19.3% in the third quarter. Barclays PLC now owns 83,738 shares of the industrial products company's stock valued at $6,171,000 after purchasing an additional 13,568 shares during the last quarter. M&T Bank Corp grew 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 valued at $1,862,000 after acquiring an additional 322 shares in the last quarter. Geode Capital Management LLC increased its position in Donaldson by 5.1% during the third 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. TD Private Client Wealth LLC raised its stake in Donaldson by 32.6% in the 3rd 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 in the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in Donaldson by 33.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 19,787 shares of the industrial products company's stock valued at $1,533,000 after purchasing an additional 4,908 shares during the period. 82.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DCI has been the topic of several recent research reports. StockNews.com cut shares of Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Stifel Nicolaus lowered their price objective on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research note on Monday. One investment 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $71.33.

Insider Activity at Donaldson

In other Donaldson 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 completion of the transaction, the director now owns 20,246 shares of the company's stock, valued at $1,255,656.92. This represents a 48.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Thomas R. Scalf sold 29,500 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $68.89, for a total value of $2,032,255.00. Following the completion of the transaction, the president now owns 28,334 shares of the company's stock, valued at $1,951,929.26. This represents a 51.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 76,700 shares of company stock valued at $5,164,799 in the last quarter. Insiders own 2.70% of the company's stock.

Donaldson Price Performance

Shares of Donaldson stock traded up $0.31 on Friday, reaching $62.76. 492,334 shares of the stock were exchanged, compared to its average volume of 573,703. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $78.95. The firm's 50 day moving average is $66.99 and its 200-day moving average is $70.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The firm has a market cap of $7.50 billion, a PE ratio of 18.24, a P/E/G ratio of 1.82 and a beta of 1.01.

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

Donaldson Dividend Announcement

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