Coldstream Capital Management Inc. Reduces Holdings in Donaldson Company, Inc. (NYSE:DCI)

Coldstream Capital Management Inc. reduced its position in Donaldson Company, Inc. (NYSE:DCI) by 7.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,102 shares of the industrial products company’s stock after selling 329 shares during the period. Coldstream Capital Management Inc.’s holdings in Donaldson were worth $302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new position in Donaldson during the second quarter worth approximately $14,288,000. Jupiter Asset Management Ltd. boosted its holdings in shares of Donaldson by 91.4% in the second quarter. Jupiter Asset Management Ltd. now owns 370,756 shares of the industrial products company’s stock valued at $26,531,000 after acquiring an additional 177,078 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Donaldson by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock valued at $93,770,000 after acquiring an additional 153,342 shares during the period. Algert Global LLC raised its position in Donaldson by 1,554.0% in the 2nd quarter. Algert Global LLC now owns 146,346 shares of the industrial products company’s stock valued at $10,473,000 after purchasing an additional 137,498 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Donaldson by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock valued at $180,522,000 after purchasing an additional 118,156 shares during the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Donaldson Trading Down 0.7 %

Shares of Donaldson stock opened at $72.14 on Monday. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04. Donaldson Company, Inc. has a 52-week low of $61.79 and a 52-week high of $78.95. The company’s 50-day simple moving average is $75.00 and its 200-day simple moving average is $73.36. 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 (NYSE:DCI) last issued its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business had revenue of $900.10 million during the quarter, compared to the consensus estimate of $888.88 million. During the same period in the prior year, the business posted $0.75 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities research analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.27 per share. The ex-dividend date is Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.50%. Donaldson’s dividend payout ratio (DPR) is presently 31.40%.

Insider Activity

In related news, Director Willard D. Oberton sold 2,700 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $73.37, for a total value of $198,099.00. Following the sale, the director now directly owns 27,983 shares in the company, valued at $2,053,112.71. The trade was a 8.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Owens sold 5,210 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total transaction of $373,765.40. Following the transaction, the director now owns 17,788 shares of the company’s stock, valued at $1,276,111.12. This trade represents a 22.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 167,805 shares of company stock worth $12,310,222 in the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on DCI. Morgan Stanley lifted their price objective on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research note on Wednesday, December 4th. 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. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Finally, Robert W. Baird boosted their target price on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $74.00.

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.