Xponance Inc. Cuts Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Xponance Inc. reduced its stake in Donaldson Company, Inc. (NYSE:DCI) by 31.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,960 shares of the industrial products company’s stock after selling 5,843 shares during the period. Xponance Inc.’s holdings in Donaldson were worth $927,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Epoch Investment Partners Inc. boosted its position in shares of Donaldson by 91.0% in the fourth quarter. Epoch Investment Partners Inc. now owns 1,141,693 shares of the industrial products company’s stock worth $74,610,000 after buying an additional 544,008 shares during the period. TD Asset Management Inc boosted its holdings in Donaldson by 23.7% in the 1st quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company’s stock worth $143,434,000 after acquiring an additional 367,705 shares during the period. Eagle Ridge Investment Management acquired a new stake in Donaldson in the first quarter valued at approximately $25,351,000. Confluence Investment Management LLC purchased a new stake in shares of Donaldson during the first quarter valued at approximately $25,018,000. Finally, First Trust Advisors LP lifted its position in shares of Donaldson by 19.4% during the fourth quarter. First Trust Advisors LP now owns 1,584,936 shares of the industrial products company’s stock worth $103,576,000 after purchasing an additional 256,994 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Stifel Nicolaus dropped their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Raymond James began coverage on Donaldson in a research note on Friday, June 28th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $69.67.

Donaldson Price Performance

DCI opened at $73.82 on Friday. 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 company’s 50-day moving average price is $72.44 and its 200 day moving average price is $72.92. Donaldson Company, Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $78.03. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.91 and a beta of 1.05.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $935.40 million for the quarter, compared to analysts’ expectations of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. As a group, sell-side analysts expect that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders 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 1.46%. The ex-dividend date was Tuesday, August 13th. Donaldson’s payout ratio is 33.44%.

Insider Activity

In related news, CFO Scott J. Robinson sold 37,600 shares of Donaldson stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total value of $2,668,472.00. Following the sale, the chief financial officer now directly owns 37,702 shares in the company, valued at approximately $2,675,710.94. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Amy C. Becker sold 14,500 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 41,368 shares in the company, valued at approximately $3,015,313.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Scott J. Robinson sold 37,600 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total value of $2,668,472.00. Following the transaction, the chief financial officer now owns 37,702 shares of the company’s stock, valued at approximately $2,675,710.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 112,310 shares of company stock valued at $8,092,999. 2.58% of the stock is currently owned by company insiders.

Donaldson Company 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.