Franklin Resources Inc. Sells 4,408 Shares of Donaldson Company, Inc. (NYSE:DCI)

Franklin Resources Inc. reduced its stake in shares of Donaldson Company, Inc. (NYSE:DCIFree Report) by 0.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,843,923 shares of the industrial products company’s stock after selling 4,408 shares during the period. Franklin Resources Inc. owned about 2.37% of Donaldson worth $185,850,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DCI. Fortitude Family Office LLC bought a new position in Donaldson during the fourth quarter valued at $27,000. Catalyst Capital Advisors LLC purchased a new stake in Donaldson in the 3rd quarter worth about $27,000. Lindbrook Capital LLC raised its stake in Donaldson by 58.2% in the 4th quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 174 shares during the period. Blue Trust Inc. raised its stake in Donaldson by 65.5% in the 4th quarter. Blue Trust Inc. now owns 753 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 298 shares during the period. Finally, Signaturefd LLC lifted its holdings in Donaldson by 28.2% during the third quarter. Signaturefd LLC now owns 783 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Donaldson Price Performance

DCI stock opened at $74.94 on Thursday. The firm has a 50 day moving average of $73.79 and a 200-day moving average of $67.85. The firm has a market capitalization of $9.02 billion, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 2.18 and a beta of 1.09. Donaldson Company, Inc. has a 12 month low of $57.05 and a 12 month high of $75.98. The company has a current ratio of 1.47, a quick ratio of 0.99 and a debt-to-equity ratio of 0.26.

Donaldson (NYSE:DCIGet Free Report) last posted its earnings results on Wednesday, February 28th. The industrial products company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. The business had revenue of $876.70 million during the quarter, compared to analysts’ expectations of $874.34 million. Donaldson had a return on equity of 28.52% and a net margin of 10.82%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 earnings per share. As a group, sell-side analysts predict that Donaldson Company, Inc. will post 3.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Willard D. Oberton sold 4,500 shares of Donaldson stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total transaction of $330,930.00. Following the completion of the sale, the director now directly owns 27,685 shares of the company’s stock, valued at approximately $2,035,954.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Willard D. Oberton sold 4,500 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total value of $330,930.00. Following the completion of the sale, the director now owns 27,685 shares of the company’s stock, valued at approximately $2,035,954.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sheila G. Kramer sold 45,500 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $73.52, for a total transaction of $3,345,160.00. Following the completion of the sale, the insider now directly owns 23,171 shares of the company’s stock, valued at $1,703,531.92. The disclosure for this sale can be found here. Insiders sold a total of 79,407 shares of company stock valued at $5,817,942 in the last quarter. Corporate insiders own 2.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DCI. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 7th. Robert W. Baird boosted their target price on shares of Donaldson from $76.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $67.50.

View Our Latest Report on DCI

Donaldson Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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