Boston Trust Walden Corp Acquires 42,365 Shares of Donaldson Company, Inc. (NYSE:DCI)

Boston Trust Walden Corp increased its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,816,300 shares of the industrial products company's stock after acquiring an additional 42,365 shares during the period. Donaldson comprises about 1.4% of Boston Trust Walden Corp's investment portfolio, making the stock its 9th biggest position. Boston Trust Walden Corp owned 2.34% of Donaldson worth $184,045,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Chevy Chase Trust Holdings LLC acquired a new stake in shares of Donaldson during the 4th quarter valued at about $765,000. Trust Point Inc. acquired a new position in Donaldson in the fourth quarter valued at about $374,000. Blue Trust Inc. boosted its position in Donaldson by 65.5% in the fourth quarter. Blue Trust Inc. now owns 753 shares of the industrial products company's stock valued at $45,000 after buying an additional 298 shares in the last quarter. Values First Advisors Inc. boosted its position in Donaldson by 2.1% in the fourth quarter. Values First Advisors Inc. now owns 28,566 shares of the industrial products company's stock valued at $1,867,000 after buying an additional 600 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Donaldson by 809.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 277,788 shares of the industrial products company's stock valued at $18,153,000 after buying an additional 247,243 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Willard D. Oberton sold 4,500 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total value of $330,930.00. Following the completion of the transaction, the director now owns 27,685 shares in the company, valued at $2,035,954.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, President Thomas R. Scalf sold 3,027 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $73.09, for a total transaction of $221,243.43. Following the completion of the transaction, the president now owns 34,334 shares in the company, valued at $2,509,472.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Willard D. Oberton sold 4,500 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $73.54, for a total transaction of $330,930.00. Following the transaction, the director now owns 27,685 shares of the company's stock, valued at approximately $2,035,954.90. The disclosure for this sale can be found here. Insiders sold 79,407 shares of company stock worth $5,817,942 over the last quarter. 2.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DCI has been the topic of a number of research reports. StockNews.com upgraded shares of Donaldson from a "buy" rating to a "strong-buy" rating in a research report on Thursday, March 7th. Morgan Stanley started coverage on shares of Donaldson in a research note on Monday, January 8th. They set an "underweight" rating and a $59.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Donaldson currently has an average rating of "Hold" and an average price target of $64.75.

Donaldson Trading Down 0.1 %

NYSE:DCI traded down $0.08 during trading hours on Thursday, hitting $74.13. The stock had a trading volume of 429,188 shares, compared to its average volume of 451,593. Donaldson Company, Inc. has a one year low of $57.05 and a one year high of $75.44. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.99 and a current ratio of 1.47. The company has a market cap of $8.92 billion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 2.14 and a beta of 1.10. The business's 50 day moving average is $70.09 and its 200-day moving average is $64.45.

Donaldson (NYSE:DCI - Get Free Report) last issued its earnings results on Wednesday, February 28th. The industrial products company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. Donaldson had a net margin of 10.82% and a return on equity of 28.52%. The firm had revenue of $876.70 million during the quarter, compared to the consensus estimate of $874.34 million. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The business's quarterly revenue was up 5.8% on a year-over-year basis. Sell-side analysts anticipate that Donaldson Company, Inc. will post 3.28 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Monday, February 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, February 9th. Donaldson's dividend payout ratio (DPR) is presently 32.57%.

About Donaldson

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.

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