Corebridge Financial Inc. Trims Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Corebridge Financial Inc. trimmed its stake in Donaldson Company, Inc. (NYSE:DCI) by 4.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 135,500 shares of the industrial products company’s stock after selling 6,882 shares during the period. Corebridge Financial Inc.’s holdings in Donaldson were worth $9,126,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pathstone Holdings LLC increased its position in shares of Donaldson by 8.5% during the third quarter. Pathstone Holdings LLC now owns 19,634 shares of the industrial products company’s stock worth $1,447,000 after purchasing an additional 1,534 shares in the last quarter. Advisors Asset Management Inc. increased its position in Donaldson by 197.4% during the third quarter. Advisors Asset Management Inc. now owns 2,073 shares of the industrial products company’s stock worth $153,000 after buying an additional 1,376 shares during the period. Bank of Montreal Can lifted its stake in Donaldson by 108.5% in the third quarter. Bank of Montreal Can now owns 74,228 shares of the industrial products company’s stock valued at $5,480,000 after buying an additional 38,626 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Donaldson by 516.3% in the third quarter. Quantbot Technologies LP now owns 22,502 shares of the industrial products company’s stock valued at $1,658,000 after acquiring an additional 18,851 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Donaldson by 263.4% during the third quarter. BNP Paribas Financial Markets now owns 52,637 shares of the industrial products company’s stock worth $3,879,000 after acquiring an additional 38,152 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DCI. StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Robert W. Baird increased their target price on shares of 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 target on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.00.

Insider Buying and Selling at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the transaction, the director now directly owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Thomas R. Scalf sold 28,500 shares of the company’s stock in a transaction on 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 completion of the sale, the president now directly owns 28,334 shares in the company, valued at $1,961,279.48. This trade represents a 50.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,000 shares of company stock valued at $4,951,425. 2.70% of the stock is owned by company insiders.

Donaldson Stock Up 0.1 %

DCI stock opened at $68.82 on Friday. The stock has a market capitalization of $8.23 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. The company has a fifty day moving average of $69.55 and a 200-day moving average of $71.60. 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 one year low of $65.10 and a one year high of $78.95.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 earnings per share 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 analysts’ expectations of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. As a group, analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

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