Invesco Ltd. Purchases 299,302 Shares of Donaldson Company, Inc. (NYSE:DCI)

Invesco Ltd. lifted its position in Donaldson Company, Inc. (NYSE:DCI) by 24.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,512,667 shares of the industrial products company’s stock after acquiring an additional 299,302 shares during the quarter. Invesco Ltd.’s holdings in Donaldson were worth $101,878,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DCI. Smartleaf Asset Management LLC grew its position in Donaldson by 43.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 180 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Donaldson by 89.6% in the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 369 shares during the last quarter. GAMMA Investing LLC increased its stake in Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock worth $62,000 after buying an additional 206 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Donaldson by 45.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock valued at $77,000 after buying an additional 353 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in Donaldson by 61.9% in the 4th quarter. National Bank of Canada FI now owns 1,206 shares of the industrial products company’s stock valued at $81,000 after buying an additional 461 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director James Owens sold 18,700 shares of the firm’s stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the completion of the sale, the director now owns 20,246 shares of the company’s stock, valued at $1,255,656.92. This trade represents a 48.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas R. Scalf sold 28,500 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the transaction, the president now directly owns 28,334 shares in the company, valued at $1,961,279.48. This represents a 50.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,700 shares of company stock worth $5,164,799. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. One research 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 MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.00.

Donaldson Trading Up 2.0 %

NYSE DCI opened at $63.38 on Monday. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $78.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. The company’s 50-day simple moving average is $67.58 and its two-hundred day simple moving average is $70.85.

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

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson’s payout ratio is 31.58%.

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.