Thrivent Financial for Lutherans Lowers Stake in Donaldson Company, Inc. $DCI

Thrivent Financial for Lutherans cut its holdings in Donaldson Company, Inc. (NYSE:DCI) by 17.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,642 shares of the industrial products company’s stock after selling 7,573 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Donaldson were worth $2,998,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DCI. True Wealth Design LLC increased its position in Donaldson by 203.7% in the 3rd quarter. True Wealth Design LLC now owns 325 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 218 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Donaldson by 5,112.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 417 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 409 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of Donaldson by 3,680.0% in the third quarter. SJS Investment Consulting Inc. now owns 378 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 368 shares during the period. NewSquare Capital LLC purchased a new stake in shares of Donaldson during the second quarter worth approximately $34,000. Finally, Hoese & Co LLP lifted its holdings in shares of Donaldson by 266.7% during the second quarter. Hoese & Co LLP now owns 660 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 480 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director Ajita G. Rajendra sold 19,800 shares of Donaldson 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 in the company, valued at approximately $4,049,115.72. The trade was a 31.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Bradley J. Pogalz sold 566 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $91.57, for a total transaction of $51,828.62. Following the completion of the sale, the chief financial officer directly owned 434 shares in the company, valued at $39,741.38. This trade represents a 56.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.20% of the company’s stock.

Donaldson Trading Up 0.2%

Shares of DCI opened at $109.25 on Tuesday. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $109.88. The company has a current ratio of 2.15, a quick ratio of 1.39 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $12.60 billion, a P/E ratio of 34.03, a PEG ratio of 2.70 and a beta of 1.00. The firm’s 50-day moving average is $95.94 and its two-hundred day moving average is $86.14.

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

Donaldson Dividend Announcement

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

Wall Street Analyst Weigh In

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

About Donaldson

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.