Donaldson Company, Inc. $DCI Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. decreased its stake in Donaldson Company, Inc. (NYSE:DCI) by 3.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 248,704 shares of the industrial products company’s stock after selling 9,605 shares during the period. Alps Advisors Inc.’s holdings in Donaldson were worth $20,356,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DCI. Norges Bank purchased a new stake in Donaldson in the second quarter valued at $68,759,000. Boston Trust Walden Corp grew its holdings in shares of Donaldson by 7.8% during the second quarter. Boston Trust Walden Corp now owns 2,825,916 shares of the industrial products company’s stock worth $195,977,000 after purchasing an additional 203,957 shares during the last quarter. Millennium Management LLC increased its position in shares of Donaldson by 428.6% during the first quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company’s stock worth $15,020,000 after purchasing an additional 181,602 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Donaldson by 137.7% during the second quarter. Quantinno Capital Management LP now owns 246,419 shares of the industrial products company’s stock worth $17,089,000 after purchasing an additional 142,750 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Donaldson by 10.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,283,326 shares of the industrial products company’s stock valued at $105,040,000 after purchasing an additional 123,000 shares during the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on DCI shares. Morgan Stanley upgraded Donaldson from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $72.00 to $84.00 in a research note on Monday, November 24th. Jefferies Financial Group increased their price objective on Donaldson to $123.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Donaldson in a report on Friday, January 9th. Robert W. Baird set a $110.00 price target on shares of Donaldson in a research report on Monday, February 2nd. Finally, Stifel Nicolaus boosted their price target on Donaldson from $90.00 to $96.00 and gave the company a “hold” rating in a research report on Friday, December 5th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Donaldson presently has a consensus rating of “Moderate Buy” and an average price target of $103.25.

Donaldson Price Performance

Shares of NYSE:DCI opened at $109.11 on Monday. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $109.88. The company has a 50-day moving average price of $95.51 and a 200 day moving average price of $85.87. The company has a market cap of $12.58 billion, a P/E ratio of 33.99, a PEG ratio of 2.70 and a beta of 1.00. The company has a quick ratio of 1.39, a current ratio of 2.15 and a debt-to-equity ratio of 0.44.

Donaldson (NYSE:DCI) last released its earnings results on Wednesday, December 3rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.01. The company had revenue of $935.40 million for the quarter, compared to analysts’ expectations of $922.68 million. Donaldson had a return on equity of 30.24% and a net margin of 10.25%.The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. Research analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Thursday, February 12th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.1%. Donaldson’s dividend payout ratio (DPR) is 37.38%.

Insider Buying and Selling at Donaldson

In other Donaldson news, CFO Bradley J. Pogalz sold 566 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $91.57, for a total transaction of $51,828.62. Following the sale, the chief financial officer directly owned 434 shares in the company, valued at approximately $39,741.38. The trade was a 56.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ajita G. Rajendra sold 19,800 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $92.04, for a total transaction of $1,822,392.00. Following the completion of the transaction, the director owned 43,993 shares of the company’s stock, valued at $4,049,115.72. This represents a 31.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.20% of the stock is currently owned by insiders.

Donaldson Company Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.