Renaissance Technologies LLC Sells 178,700 Shares of Donaldson Company, Inc. (NYSE:DCI)

Renaissance Technologies LLC reduced its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 73.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 65,300 shares of the industrial products company's stock after selling 178,700 shares during the period. Renaissance Technologies LLC owned about 0.05% of Donaldson worth $4,398,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of DCI. IFP Advisors Inc boosted its holdings in shares of Donaldson by 94.5% during the 4th quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company's stock worth $185,000 after buying an additional 1,334 shares during the period. Granite Bay Wealth Management LLC acquired a new stake in Donaldson during the fourth quarter worth approximately $943,000. JPMorgan Chase & Co. boosted its holdings in shares of Donaldson by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company's stock worth $32,394,000 after acquiring an additional 23,758 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Donaldson by 38.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 574,146 shares of the industrial products company's stock valued at $38,669,000 after purchasing an additional 158,487 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Donaldson by 28.7% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock worth $62,000 after purchasing an additional 206 shares during the period. Institutional investors own 82.81% of the company's stock.

Insider Buying and Selling

In related news, Director James Owens sold 18,700 shares of the firm'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 directly owns 20,246 shares of the company's stock, valued at $1,255,656.92. This trade represents a 48.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Thomas R. Scalf sold 28,500 shares of Donaldson stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the completion of the transaction, the president now owns 28,334 shares in the company, valued at approximately $1,961,279.48. This represents a 50.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,700 shares of company stock worth $5,164,799. Corporate insiders own 2.70% of the company's stock.

Donaldson Price Performance

NYSE:DCI traded down $0.23 during trading hours on Friday, reaching $65.57. 534,775 shares of the company were exchanged, compared to its average volume of 570,693. The company has a market capitalization of $7.84 billion, a P/E ratio of 19.06, a P/E/G ratio of 1.82 and a beta of 1.01. 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 business has a 50 day moving average of $66.31 and a 200 day moving average of $70.20. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $78.95.

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

Donaldson Dividend Announcement

The company also recently declared 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. The ex-dividend date was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.65%. Donaldson's dividend payout ratio is 31.58%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DCI shares. StockNews.com downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Stifel Nicolaus reduced their target price on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $71.33.

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.