Impax Asset Management Group plc Has $55.57 Million Position in Donaldson Company, Inc. (NYSE:DCI)

Impax Asset Management Group plc cut its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 31.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 858,950 shares of the industrial products company's stock after selling 402,438 shares during the period. Impax Asset Management Group plc owned 0.71% of Donaldson worth $55,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gotham Asset Management LLC lifted its holdings in Donaldson by 47.9% in the third quarter. Gotham Asset Management LLC now owns 100,154 shares of the industrial products company's stock valued at $5,973,000 after acquiring an additional 32,431 shares during the last quarter. Ballentine Partners LLC lifted its stake in Donaldson by 60.6% during the 3rd quarter. Ballentine Partners LLC now owns 7,141 shares of the industrial products company's stock worth $426,000 after acquiring an additional 2,694 shares in the last quarter. Artemis Wealth Advisors LLC purchased a new stake in Donaldson during the third quarter worth about $38,000. Boston Trust Walden Corp grew its holdings in shares of Donaldson by 1.5% in the fourth quarter. Boston Trust Walden Corp now owns 2,816,300 shares of the industrial products company's stock valued at $184,045,000 after purchasing an additional 42,365 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Donaldson by 49.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 83,300 shares of the industrial products company's stock valued at $4,968,000 after acquiring an additional 27,633 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

Donaldson Price Performance

Shares of DCI traded down $0.59 during trading hours on Wednesday, reaching $74.17. 333,649 shares of the company traded hands, compared to its average volume of 448,754. The stock has a fifty day simple moving average of $70.69 and a 200 day simple moving average of $64.80. Donaldson Company, Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $75.44. The stock has a market capitalization of $8.93 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 2.17 and a beta of 1.10. The company has a quick ratio of 0.99, a current ratio of 1.47 and a debt-to-equity ratio of 0.26.

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

Donaldson Dividend Announcement

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

Insider Activity at Donaldson

In other Donaldson 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 sale, the director now owns 27,685 shares of the company's stock, valued at approximately $2,035,954.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Willard D. Oberton sold 4,500 shares of the company's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total transaction of $330,930.00. Following the completion of the transaction, the director now directly owns 27,685 shares in the company, valued at approximately $2,035,954.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sheila G. Kramer sold 45,500 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $73.52, for a total transaction of $3,345,160.00. Following the completion of the sale, the insider now directly owns 23,171 shares of the company's stock, valued at $1,703,531.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,407 shares of company stock worth $5,817,942. 2.58% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on DCI. StockNews.com raised Donaldson from a "buy" rating to a "strong-buy" rating in a research note on Thursday, March 7th. Morgan Stanley initiated coverage on Donaldson in a research note on Monday, January 8th. They set an "underweight" rating and a $59.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Donaldson currently has a consensus rating of "Hold" and a consensus price target of $64.75.

Donaldson 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.