Great Waters Wealth Management Trims Position in Donaldson Company, Inc. (NYSE:DCI)

Great Waters Wealth Management lowered its holdings in Donaldson Company, Inc. (NYSE:DCI) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,319 shares of the industrial products company’s stock after selling 554 shares during the period. Donaldson accounts for 0.3% of Great Waters Wealth Management’s investment portfolio, making the stock its 24th biggest position. Great Waters Wealth Management’s holdings in Donaldson were worth $2,109,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its position in Donaldson by 359.2% during the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 273 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Donaldson during the 3rd quarter valued at $41,000. V Square Quantitative Management LLC increased its holdings in shares of Donaldson by 52.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after buying an additional 207 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Donaldson by 72.0% in the third quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 301 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Donaldson by 185.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,269 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 825 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 13th. Robert W. Baird lifted their price target on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley increased their price objective on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Donaldson presently has a consensus rating of “Hold” and a consensus price target of $74.00.

Donaldson Price Performance

DCI stock opened at $71.17 on Tuesday. The stock has a 50-day simple moving average of $71.79 and a 200-day simple moving average of $72.61. The firm has a market cap of $8.50 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.86 and a beta of 1.06. 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 Company, Inc. has a 1 year low of $62.98 and a 1 year high of $78.95.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The company had revenue of $900.10 million for the quarter, compared to analyst estimates of $888.88 million. During the same quarter last year, the firm posted $0.75 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a $0.27 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.52%. Donaldson’s dividend payout ratio is currently 31.40%.

Insider Buying and Selling at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the sale, the director now directly owns 26,420 shares of the company’s stock, valued at $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is currently owned by corporate insiders.

About Donaldson

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.