Allianz Asset Management GmbH lessened its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 11.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 197,256 shares of the industrial products company’s stock after selling 25,265 shares during the quarter. Allianz Asset Management GmbH owned about 0.15% of Donaldson worth $9,656,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Donaldson by 51.5% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,235 shares of the industrial products company’s stock worth $158,000 after buying an additional 1,100 shares during the last quarter. Atlanta Capital Management Co. L L C raised its stake in Donaldson by 13.1% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 3,407,450 shares of the industrial products company’s stock worth $166,794,000 after purchasing an additional 393,830 shares in the last quarter. State of Tennessee Treasury Department raised its stake in Donaldson by 153.0% in the 4th quarter. State of Tennessee Treasury Department now owns 162,943 shares of the industrial products company’s stock worth $7,976,000 after purchasing an additional 98,543 shares in the last quarter. Birch Hill Investment Advisors LLC raised its stake in Donaldson by 0.4% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 781,265 shares of the industrial products company’s stock worth $38,243,000 after purchasing an additional 2,725 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new stake in Donaldson in the 4th quarter worth about $219,000. Institutional investors own 79.18% of the company’s stock.
Several analysts have weighed in on DCI shares. Zacks Investment Research upgraded shares of Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Monday, November 27th. Jefferies Group reiterated a “buy” rating and issued a $57.00 price objective on shares of Donaldson in a research note on Friday, December 1st. Oppenheimer reiterated a “hold” rating on shares of Donaldson in a research note on Friday, December 1st. SunTrust Banks reiterated a “hold” rating and issued a $50.00 price objective on shares of Donaldson in a research note on Friday, December 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $53.00 price objective (up previously from $50.00) on shares of Donaldson in a research note on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Donaldson has a consensus rating of “Hold” and a consensus price target of $51.00.
Donaldson (NYSE:DCI) last issued its earnings results on Tuesday, March 6th. The industrial products company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm had revenue of $664.70 million during the quarter, compared to analyst estimates of $630.53 million. Donaldson had a net margin of 5.29% and a return on equity of 29.25%. Donaldson’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 earnings per share. equities analysts expect that Donaldson Company, Inc. will post 1.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Wednesday, February 14th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Tuesday, February 13th. Donaldson’s payout ratio is presently 38.92%.
In other news, insider Melissa A. Osland sold 1,453 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $48.26, for a total value of $70,121.78. Following the completion of the transaction, the insider now directly owns 4,174 shares in the company, valued at approximately $201,437.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.09% of the stock is currently owned by insiders.
Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
Want to see what other hedge funds are holding DCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Donaldson Company, Inc. (NYSE:DCI).
Receive News & Ratings for Donaldson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Donaldson and related companies with MarketBeat.com's FREE daily email newsletter.