Bank of New York Mellon Corp Grows Position in Donaldson Company, Inc. (NYSE:DCI)

Bank of New York Mellon Corp lifted its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 7.9% in the 4th quarter, Holdings Channel reports. The firm owned 1,267,274 shares of the industrial products company’s stock after acquiring an additional 92,624 shares during the period. Bank of New York Mellon Corp’s holdings in Donaldson were worth $85,351,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc grew its stake in Donaldson by 94.5% in the 4th quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company’s stock worth $185,000 after buying an additional 1,334 shares in the last quarter. Wealthspire Advisors LLC lifted its holdings in shares of Donaldson by 32.1% during the 4th quarter. Wealthspire Advisors LLC now owns 7,005 shares of the industrial products company’s stock worth $472,000 after acquiring an additional 1,703 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Donaldson in the fourth quarter worth $566,000. Handelsbanken Fonder AB increased its stake in Donaldson by 3.9% in the fourth quarter. Handelsbanken Fonder AB now owns 34,432 shares of the industrial products company’s stock valued at $2,319,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Mcdaniel Terry & Co. raised its position in Donaldson by 9.4% during the fourth quarter. Mcdaniel Terry & Co. now owns 561,818 shares of the industrial products company’s stock valued at $37,838,000 after purchasing an additional 48,485 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

Insider Activity at Donaldson

In other news, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 in the company, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

DCI has been the subject of a number of research reports. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a report on Monday, February 24th. Robert W. Baird upped their target price on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley boosted their price objective on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $74.00.

Donaldson Price Performance

DCI opened at $69.07 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. Donaldson Company, Inc. has a 1 year low of $65.10 and a 1 year high of $78.95. The stock’s 50 day simple moving average is $69.29 and its 200 day simple moving average is $72.12. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.82 and a beta of 1.06.

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

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were paid a $0.27 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.56%. Donaldson’s payout ratio is presently 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.