Fmr LLC Sells 572,878 Shares of Donaldson Company, Inc. (NYSE:DCI)

Fmr LLC lessened its stake in Donaldson Company, Inc. (NYSE:DCI) by 13.2% in the third quarter, HoldingsChannel reports. The firm owned 3,762,851 shares of the industrial products company’s stock after selling 572,878 shares during the period. Fmr LLC’s holdings in Donaldson were worth $277,322,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in shares of Donaldson by 359.2% in the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 273 shares during the period. Mather Group LLC. boosted its stake in shares of Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 404 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Donaldson by 1,372.2% during the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 494 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Donaldson in the 3rd quarter worth $41,000. Finally, V Square Quantitative Management LLC raised its holdings in Donaldson by 52.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 207 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Price Performance

Shares of Donaldson stock opened at $78.05 on Monday. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 2.05 and a beta of 1.04. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The stock’s 50-day simple moving average is $75.02 and its 200-day simple moving average is $73.42. Donaldson Company, Inc. has a 52 week low of $59.78 and a 52 week high of $78.95.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.38%. Donaldson’s dividend payout ratio is presently 31.95%.

Analyst Upgrades and Downgrades

A number of analysts have commented on DCI shares. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Stifel Nicolaus decreased their target price on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.67.

Insiders Place Their Bets

In other Donaldson news, President Thomas R. Scalf sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were 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 in the company, valued at $2,072,915.44. The trade was a 8.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tod E. Carpenter sold 30,919 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 256,742 shares of the company’s stock, valued at approximately $18,662,575.98. The trade was a 10.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 167,805 shares of company stock worth $12,310,222 in the last three months. 2.70% of the stock is owned by company insiders.

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.