Meiji Yasuda Asset Management Co Ltd. Sells 378 Shares of Donaldson Company, Inc. (NYSE:DCI)

Meiji Yasuda Asset Management Co Ltd. lessened its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 71,434 shares of the industrial products company’s stock after selling 378 shares during the period. Meiji Yasuda Asset Management Co Ltd. owned 0.06% of Donaldson worth $4,811,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DCI. Ashton Thomas Securities LLC grew its stake in shares of Donaldson by 45,876.0% during the fourth quarter. Ashton Thomas Securities LLC now owns 11,494 shares of the industrial products company’s stock worth $774,000 after purchasing an additional 11,469 shares during the period. ICW Investment Advisors LLC boosted its holdings in Donaldson by 4.8% during the fourth quarter. ICW Investment Advisors LLC now owns 23,944 shares of the industrial products company’s stock worth $1,613,000 after buying an additional 1,089 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Donaldson by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company’s stock worth $856,509,000 after buying an additional 33,139 shares during the period. LPL Financial LLC increased its stake in shares of Donaldson by 2.2% in the 4th quarter. LPL Financial LLC now owns 67,805 shares of the industrial products company’s stock valued at $4,567,000 after acquiring an additional 1,473 shares during the last quarter. Finally, Fox Run Management L.L.C. raised its position in shares of Donaldson by 56.2% in the 4th quarter. Fox Run Management L.L.C. now owns 6,292 shares of the industrial products company’s stock valued at $424,000 after acquiring an additional 2,265 shares during the period. Institutional investors own 82.81% of the company’s stock.

Insider Buying and Selling

In other news, 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 transaction of $2,032,255.00. Following the completion of the transaction, the president now directly owns 28,334 shares of the company’s stock, valued at $1,951,929.26. This trade represents a 51.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the transaction, the director now owns 26,420 shares of the company’s stock, valued at $1,785,992. The trade was a 34.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,000 shares of company stock worth $4,951,425. 2.70% of the stock is owned by corporate insiders.

Donaldson Stock Performance

Shares of DCI stock opened at $68.32 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. Donaldson Company, Inc. has a 52 week low of $65.10 and a 52 week high of $78.95. The company’s 50 day moving average price is $69.59 and its two-hundred day moving average price is $71.64. The company has a market capitalization of $8.17 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04.

Donaldson (NYSE:DCI) last issued its quarterly earnings data 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 company had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. On average, analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.58%. Donaldson’s dividend payout ratio is currently 31.58%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Robert W. Baird boosted their price objective on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Morgan Stanley upped their price objective on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. Finally, StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. One investment 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $74.00.

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.