IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 16,771 Shares of Donaldson Company, Inc. (NYSE:DCI)

IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its holdings in Donaldson Company, Inc. (NYSE:DCI) by 58.9% during the fourth quarter, HoldingsChannel reports. The firm owned 11,713 shares of the industrial products company’s stock after selling 16,771 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Donaldson were worth $789,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. IFP Advisors Inc boosted its stake in Donaldson by 94.5% in the fourth quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company’s stock valued at $185,000 after buying an additional 1,334 shares in the last quarter. Granite Bay Wealth Management LLC acquired a new stake in shares of Donaldson in the 4th quarter valued at approximately $943,000. JPMorgan Chase & Co. grew its holdings in shares of Donaldson by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock valued at $32,394,000 after purchasing an additional 23,758 shares during the last quarter. GAMMA Investing LLC increased its position in Donaldson by 28.7% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 206 shares in the last quarter. Finally, Radnor Capital Management LLC lifted its stake in Donaldson by 21.4% in the 4th quarter. Radnor Capital Management LLC now owns 69,820 shares of the industrial products company’s stock valued at $4,702,000 after purchasing an additional 12,315 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the sale, the director now owns 26,420 shares in the company, valued at $1,785,992. This represents a 34.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas R. Scalf sold 29,500 shares of Donaldson stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $68.89, for a total value of $2,032,255.00. Following the completion of the sale, the president now owns 28,334 shares of the company’s stock, valued at approximately $1,951,929.26. The trade was a 51.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,000 shares of company stock worth $4,951,425 over the last three months. 2.70% of the stock is owned by company insiders.

Donaldson Stock Performance

NYSE DCI opened at $68.82 on Friday. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.82 and a beta of 1.04. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a twelve month low of $65.10 and a twelve month high of $78.95. The stock has a fifty day simple moving average of $69.55 and a 200 day simple moving average of $71.60.

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

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Thursday, February 13th. Donaldson’s dividend payout ratio is currently 31.58%.

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.