Allspring Global Investments Holdings LLC Has $165.21 Million Stake in Donaldson Company, Inc. (NYSE:DCI)

Allspring Global Investments Holdings LLC decreased its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,528,054 shares of the industrial products company's stock after selling 187,363 shares during the quarter. Allspring Global Investments Holdings LLC owned 2.10% of Donaldson worth $165,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Millburn Ridgefield Corp acquired a new stake in shares of Donaldson during the third quarter worth about $27,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Donaldson during the third quarter worth about $27,000. Fortitude Family Office LLC acquired a new stake in shares of Donaldson during the fourth quarter worth about $27,000. Ronald Blue Trust Inc. raised its position in shares of Donaldson by 792.2% during the third quarter. Ronald Blue Trust Inc. now owns 455 shares of the industrial products company's stock worth $28,000 after purchasing an additional 404 shares during the period. Finally, Fred Alger Management LLC acquired a new stake in shares of Donaldson during the third quarter worth about $35,000. Institutional investors and hedge funds own 82.81% of the company's stock.

Analyst Upgrades and Downgrades

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

Donaldson Stock Up 0.6 %

DCI stock traded up $0.44 during mid-day trading on Monday, reaching $74.92. The company had a trading volume of 396,761 shares, compared to its average volume of 451,980. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.47 and a quick ratio of 0.99. The stock has a 50 day simple moving average of $70.30 and a two-hundred day simple moving average of $64.59. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 2.16 and a beta of 1.10. Donaldson Company, Inc. has a 52 week low of $57.05 and a 52 week high of $75.44.

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

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Monday, February 12th were paid a $0.25 dividend. The ex-dividend date was Friday, February 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. Donaldson's dividend payout ratio is 32.57%.

Insider Buying and Selling at Donaldson

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

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.

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