Donaldson Company, Inc. (NYSE:DCI) Stake Lessened by Freedom Investment Management Inc.

Freedom Investment Management Inc. lessened its position in Donaldson Company, Inc. (NYSE:DCI) by 11.0% during the third quarter, Holdings Channel reports. The institutional investor owned 3,522 shares of the industrial products company’s stock after selling 435 shares during the quarter. Freedom Investment Management Inc.’s holdings in Donaldson were worth $260,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Capital Counsel LLC NY acquired a new position in shares of Donaldson in the 3rd quarter worth approximately $8,218,000. BNP Paribas Financial Markets boosted its stake in shares of Donaldson by 263.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 52,637 shares of the industrial products company’s stock worth $3,879,000 after acquiring an additional 38,152 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of Donaldson by 516.3% during the 3rd quarter. Quantbot Technologies LP now owns 22,502 shares of the industrial products company’s stock worth $1,658,000 after acquiring an additional 18,851 shares in the last quarter. Bank of Montreal Can increased its stake in Donaldson by 108.5% in the 3rd quarter. Bank of Montreal Can now owns 74,228 shares of the industrial products company’s stock worth $5,480,000 after purchasing an additional 38,626 shares in the last quarter. Finally, Hancock Whitney Corp increased its position in shares of Donaldson by 1.2% in the third quarter. Hancock Whitney Corp now owns 18,960 shares of the industrial products company’s stock worth $1,397,000 after acquiring an additional 219 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, CEO Tod E. Carpenter sold 30,919 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was 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 directly owns 256,742 shares of the company’s stock, valued at approximately $18,662,575.98. This trade represents a 10.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Owens sold 5,210 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total transaction of $373,765.40. Following the sale, the director now directly owns 17,788 shares of the company’s stock, valued at approximately $1,276,111.12. This represents a 22.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 167,805 shares of company stock valued at $12,310,222 in the last three months. Insiders own 2.70% of the company’s stock.

Donaldson Stock Up 0.5 %

Donaldson stock opened at $78.05 on Monday. The firm’s 50 day moving average price is $75.02 and its two-hundred day moving average price is $73.42. The firm has a market cap of $9.35 billion, a PE ratio of 23.09, a P/E/G ratio of 2.05 and a beta of 1.04. Donaldson Company, Inc. has a twelve month low of $59.78 and a twelve month high of $78.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.27 dividend. The ex-dividend date 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 (DPR) is currently 31.95%.

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.