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

Victory Capital Management Inc. lessened its stake in Donaldson Company, Inc. (NYSE:DCI) by 18.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,388 shares of the industrial products company’s stock after selling 5,098 shares during the period. Victory Capital Management Inc.’s holdings in Donaldson were worth $1,508,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in DCI. Smartleaf Asset Management LLC grew its stake in shares of Donaldson by 43.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 180 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Donaldson by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company’s stock worth $252,000 after acquiring an additional 187 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 206 shares during the last quarter. Hancock Whitney Corp boosted its position in Donaldson by 1.2% during the third quarter. Hancock Whitney Corp now owns 18,960 shares of the industrial products company’s stock worth $1,397,000 after purchasing an additional 219 shares during the period. Finally, Signal Advisors Wealth LLC grew its holdings in Donaldson by 5.6% in the 4th quarter. Signal Advisors Wealth LLC now owns 4,709 shares of the industrial products company’s stock valued at $317,000 after buying an additional 249 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Morgan Stanley boosted their price objective on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, December 4th. Finally, Robert W. Baird increased their target price on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $74.00.

Insider Activity

In other Donaldson news, President Thomas R. Scalf sold 29,500 shares of Donaldson stock in a transaction on Friday, February 28th. The stock was sold at an average price of $68.89, for a total value 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. This trade represents a 51.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the sale, the director now directly owns 26,420 shares in the company, valued at approximately $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 90 days, insiders sold 72,000 shares of company stock valued at $4,951,425. 2.70% of the stock is currently owned by company insiders.

Donaldson Stock Down 1.2 %

Shares of NYSE:DCI opened at $68.16 on Wednesday. The firm has a market cap of $8.15 billion, a P/E ratio of 19.81, a PEG ratio of 1.82 and a beta of 1.04. The business’s 50 day simple moving average is $69.53 and its two-hundred day simple moving average is $71.73. Donaldson Company, Inc. has a 52-week low of $65.10 and a 52-week high of $78.95. 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 (NYSE:DCI) last released its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share 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 the consensus estimate of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. As a group, research analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

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

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.