Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd reduced its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 32.1% during the second quarter, Holdings Channel.com reports. The firm owned 37,628 shares of the industrial products company’s stock after selling 17,820 shares during the period. Point72 Hong Kong Ltd’s holdings in Donaldson were worth $2,693,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. BNP Paribas Financial Markets raised its position in shares of Donaldson by 32.1% during the 4th quarter. BNP Paribas Financial Markets now owns 13,162 shares of the industrial products company’s stock worth $860,000 after buying an additional 3,201 shares in the last quarter. UBS Group AG boosted its holdings in shares of Donaldson by 83.5% in the fourth quarter. UBS Group AG now owns 382,770 shares of the industrial products company’s stock valued at $25,014,000 after acquiring an additional 174,193 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Donaldson by 1.2% during the fourth quarter. Advisory Services Network LLC now owns 27,221 shares of the industrial products company’s stock valued at $1,779,000 after acquiring an additional 313 shares during the period. Hsbc Holdings PLC raised its holdings in Donaldson by 10.1% during the fourth quarter. Hsbc Holdings PLC now owns 33,129 shares of the industrial products company’s stock worth $2,165,000 after purchasing an additional 3,049 shares in the last quarter. Finally, TD Asset Management Inc lifted its position in Donaldson by 215.2% in the fourth quarter. TD Asset Management Inc now owns 1,552,946 shares of the industrial products company’s stock worth $101,485,000 after purchasing an additional 1,060,232 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DCI. Raymond James initiated coverage on Donaldson in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. Robert W. Baird lowered their target price on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Stifel Nicolaus cut their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. Finally, StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 20th. 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 stock. According to MarketBeat.com, Donaldson currently has an average rating of “Hold” and a consensus price target of $69.67.

Insiders Place Their Bets

In other news, insider Amy C. Becker sold 14,500 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $72.89, for a total value of $1,056,905.00. Following the completion of the sale, the insider now owns 41,368 shares of the company’s stock, valued at $3,015,313.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Tod E. Carpenter sold 30,919 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $72.69, for a total value of $2,247,502.11. Following the completion of the sale, the chief executive officer now directly owns 256,742 shares of the company’s stock, valued at $18,662,575.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Amy C. Becker sold 14,500 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $72.89, for a total transaction of $1,056,905.00. Following the transaction, the insider now directly owns 41,368 shares in the company, valued at $3,015,313.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 112,310 shares of company stock worth $8,092,999. Corporate insiders own 2.58% of the company’s stock.

Donaldson Stock Down 1.3 %

Shares of Donaldson stock opened at $72.54 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. 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 $8.73 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 1.91 and a beta of 1.05. The stock’s fifty day moving average is $72.40 and its 200-day moving average is $72.90.

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

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Tuesday, August 13th. Donaldson’s dividend payout ratio is 33.44%.

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.