Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC reduced its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,222 shares of the industrial products company’s stock after selling 600 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Donaldson were worth $1,490,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado acquired a new position in shares of Donaldson in the first quarter worth about $660,000. New York State Teachers Retirement System boosted its holdings in Donaldson by 2.6% in the second quarter. New York State Teachers Retirement System now owns 147,777 shares of the industrial products company’s stock valued at $10,575,000 after purchasing an additional 3,792 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Donaldson by 21.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 110,437 shares of the industrial products company’s stock valued at $8,245,000 after purchasing an additional 19,670 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Donaldson by 254.5% in the first quarter. SG Americas Securities LLC now owns 22,386 shares of the industrial products company’s stock valued at $1,672,000 after purchasing an additional 16,071 shares during the last quarter. Finally, Norden Group LLC purchased a new position in Donaldson in the first quarter valued at about $933,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Insiders Place Their Bets

In other Donaldson news, Director James Owens sold 5,210 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total transaction of $373,765.40. Following the completion of the transaction, the director now owns 17,788 shares in the company, valued at approximately $1,276,111.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, President Thomas R. Scalf sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total value of $182,900.00. Following the sale, the president now owns 28,334 shares of the company’s stock, valued at approximately $2,072,915.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Owens sold 5,210 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the completion of the sale, the director now directly owns 17,788 shares in the company, valued at $1,276,111.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,805 shares of company stock worth $12,310,222. 2.58% of the stock is owned by company insiders.

Donaldson Trading Up 1.3 %

NYSE:DCI opened at $75.70 on Friday. Donaldson Company, Inc. has a 12-month low of $57.05 and a 12-month high of $78.03. The firm has a market capitalization of $9.11 billion, a P/E ratio of 23.44, a P/E/G ratio of 1.92 and a beta of 1.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. The business has a 50 day simple moving average of $72.63 and a 200 day simple moving average of $72.90.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. The business had revenue of $935.40 million during the quarter, compared to analyst estimates of $941.12 million. Equities research analysts predict that Donaldson Company, Inc. will post 3.63 EPS for the current year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.27 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.43%. Donaldson’s dividend payout ratio (DPR) is presently 33.44%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Stifel Nicolaus reduced their price target on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. Finally, Raymond James started coverage on Donaldson in a report on Friday, June 28th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $69.67.

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.