Summit Investment Advisors Inc. Decreases Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Summit Investment Advisors Inc. lowered its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 53,205 shares of the industrial products company’s stock after selling 494 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Donaldson were worth $3,583,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in shares of Donaldson by 43.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 180 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Donaldson by 89.6% in the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 369 shares during the last quarter. GAMMA Investing LLC increased its holdings in Donaldson by 28.7% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 206 shares during the period. EverSource Wealth Advisors LLC raised its position in Donaldson by 45.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 353 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in Donaldson by 61.9% in the 4th quarter. National Bank of Canada FI now owns 1,206 shares of the industrial products company’s stock worth $81,000 after buying an additional 461 shares during the period. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Transactions at Donaldson

In related news, Director James Owens sold 18,700 shares of the company’s stock in a transaction that occurred on 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 owns 20,246 shares in the company, valued at $1,255,656.92. This represents a 48.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Thomas R. Scalf sold 29,500 shares of the firm’s 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 transaction, the president now directly owns 28,334 shares of the company’s stock, valued at approximately $1,951,929.26. This trade represents a 51.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,700 shares of company stock valued at $5,164,799 in the last three months. 2.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $74.00.

Donaldson Price Performance

Shares of NYSE DCI opened at $63.38 on Monday. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $78.95. The stock has a market capitalization of $7.57 billion, a P/E ratio of 18.42, a P/E/G ratio of 1.82 and a beta of 1.01. The company’s 50-day moving average is $67.58 and its 200 day moving average is $70.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20.

Donaldson (NYSE:DCI) last posted its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $908.32 million. On average, sell-side analysts expect 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 was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Thursday, February 13th. Donaldson’s dividend payout ratio (DPR) is presently 31.58%.

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.