Thrivent Financial for Lutherans Cuts Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Thrivent Financial for Lutherans cut its position in Donaldson Company, Inc. (NYSE:DCI) by 73.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,326 shares of the industrial products company’s stock after selling 86,896 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Donaldson were worth $2,144,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. IFP Advisors Inc boosted its position in shares of Donaldson by 94.5% in the 4th quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 1,334 shares in the last quarter. Granite Bay Wealth Management LLC purchased a new stake in Donaldson in the fourth quarter valued at about $943,000. JPMorgan Chase & Co. boosted its holdings in Donaldson by 5.7% in the third quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock worth $32,394,000 after acquiring an additional 23,758 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Donaldson by 28.7% during 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, Radnor Capital Management LLC increased its holdings in shares of Donaldson by 21.4% during the fourth quarter. Radnor Capital Management LLC now owns 69,820 shares of the industrial products company’s stock valued at $4,702,000 after acquiring an additional 12,315 shares in the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Donaldson Stock Performance

DCI opened at $67.01 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 12-month low of $65.10 and a 12-month high of $78.95. The firm has a 50 day moving average of $69.47 and a two-hundred day moving average of $71.57. The firm has a market capitalization of $8.01 billion, a PE ratio of 19.48, a P/E/G ratio of 1.82 and a beta of 1.04.

Donaldson (NYSE:DCI) last issued its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $908.32 million. On average, analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were paid a $0.27 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.61%. Donaldson’s payout ratio is 31.58%.

Insider Buying and Selling

In related news, President Thomas R. Scalf sold 28,500 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the sale, the president now directly owns 28,334 shares of the company’s stock, valued at approximately $1,961,279.48. This represents a 50.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the transaction, the director now directly owns 26,420 shares of the company’s stock, valued at $1,785,992. The trade was a 34.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,000 shares of company stock valued at $4,951,425 over the last ninety days. Company insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.