Dorsey & Whitney Trust CO LLC Has $4.80 Million Position in Donaldson Company, Inc. (NYSE:DCI)

Dorsey & Whitney Trust CO LLC reduced its holdings in Donaldson Company, Inc. (NYSE:DCI) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 71,288 shares of the industrial products company’s stock after selling 545 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Donaldson were worth $4,801,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Scharf Investments LLC acquired a new stake in Donaldson during the fourth quarter worth about $61,697,000. Dudley & Shanley Inc. grew its position in Donaldson by 5,118.4% during the fourth quarter. Dudley & Shanley Inc. now owns 268,750 shares of the industrial products company’s stock worth $18,100,000 after buying an additional 263,600 shares in the last quarter. Swedbank AB acquired a new stake in Donaldson during the fourth quarter worth about $17,471,000. Raymond James Financial Inc. acquired a new stake in Donaldson during the fourth quarter worth about $13,865,000. Finally, Geode Capital Management LLC grew its position in Donaldson by 5.1% during the third quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock worth $180,522,000 after buying an additional 118,156 shares in the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, President Thomas R. Scalf sold 29,500 shares of Donaldson stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $68.89, for a total value of $2,032,255.00. Following the completion of the transaction, the president now owns 28,334 shares in the company, valued at approximately $1,951,929.26. The trade was a 51.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the transaction, the director now owns 26,420 shares of the company’s stock, valued at $1,785,992. This trade represents a 34.64 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

Donaldson Stock Up 0.6 %

Shares of DCI opened at $69.84 on Friday. The stock has a market cap of $8.34 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 1.82 and a beta of 1.04. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 12 month low of $65.10 and a 12 month high of $78.95. The company has a 50-day moving average price of $69.34 and a two-hundred day moving average price of $72.01.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The business had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. Equities analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Thursday, February 13th. Donaldson’s dividend payout ratio (DPR) is currently 31.58%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Robert W. Baird lifted their target price on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley lifted their target price on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Donaldson has a consensus rating of “Hold” and an average target price of $74.00.

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.