Jupiter Asset Management Ltd. Sells 223,120 Shares of Donaldson Company, Inc. (NYSE:DCI)

Jupiter Asset Management Ltd. decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 57.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 168,534 shares of the industrial products company’s stock after selling 223,120 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.14% of Donaldson worth $11,351,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of Donaldson by 45.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 353 shares during the period. Wealthfront Advisers LLC bought a new position in shares of Donaldson during the 4th quarter worth $331,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Donaldson by 8.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,791 shares of the industrial products company’s stock worth $1,872,000 after purchasing an additional 2,236 shares in the last quarter. Intellectus Partners LLC purchased a new stake in Donaldson during the 4th quarter worth about $236,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Donaldson by 26.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 64,501 shares of the industrial products company’s stock worth $4,344,000 after purchasing an additional 13,620 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on DCI shares. Morgan Stanley increased their price objective on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, December 4th. StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Finally, Robert W. Baird increased their price objective on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” 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 and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $74.00.

Donaldson Stock Performance

NYSE:DCI opened at $67.95 on Thursday. The business’s 50-day moving average price is $69.48 and its two-hundred day moving average price is $71.88. Donaldson Company, Inc. has a twelve month low of $65.10 and a twelve month high of $78.95. The stock has a market cap of $8.12 billion, a P/E ratio of 19.75, 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 (NYSE:DCI) last released 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 business had revenue of $870.00 million during the quarter, compared to analysts’ expectations of $908.32 million. As a group, equities analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a $0.27 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.59%. Donaldson’s payout ratio is currently 31.58%.

Insider Buying and Selling at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of the firm’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 transaction, the director now directly owns 26,420 shares of the company’s stock, 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 SEC, which is accessible through this link. Also, President Thomas R. Scalf sold 29,500 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $68.89, for a total value of $2,032,255.00. Following the transaction, the president now directly owns 28,334 shares in the company, valued at approximately $1,951,929.26. This represents a 51.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

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.