Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC cut its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 698,343 shares of the industrial products company’s stock after selling 8,983 shares during the quarter. Geneva Capital Management LLC’s holdings in Donaldson were worth $47,033,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DCI. Smartleaf Asset Management LLC raised its holdings in shares of Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 180 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Donaldson in the third quarter worth $41,000. Venturi Wealth Management LLC raised its holdings 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 acquiring an additional 369 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 206 shares during the last quarter. Finally, Kentucky Trust Co acquired a new position in shares of Donaldson in the fourth quarter worth $105,000. 82.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 29,500 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the completion of the sale, the president now owns 28,334 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Trudy A. Rautio sold 14,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the sale, the director now directly owns 26,420 shares of the company’s stock, valued at approximately $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 owned by company insiders.

Donaldson Price Performance

Shares of NYSE:DCI opened at $68.90 on Thursday. The company has a market cap of $8.23 billion, a P/E ratio of 20.03, 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 52 week low of $65.10 and a 52 week high of $78.95. The business has a fifty day simple moving average of $69.30 and a 200-day simple moving average of $72.05.

Donaldson (NYSE:DCI) last announced 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 business had revenue of $870.00 million during the quarter, compared to analysts’ expectations of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Equities research analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson’s dividend payout ratio (DPR) is presently 31.58%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DCI. Robert W. Baird boosted their price target on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, Morgan Stanley lifted their price objective on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. One 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $74.00.

About Donaldson

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.