Mountain Pacific Investment Advisers LLC Sells 7,533 Shares of Donaldson Company, Inc. (NYSE:DCI)

Mountain Pacific Investment Advisers LLC trimmed its holdings in Donaldson Company, Inc. (NYSE:DCI) by 1.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 470,954 shares of the industrial products company’s stock after selling 7,533 shares during the quarter. Donaldson accounts for about 2.2% of Mountain Pacific Investment Advisers LLC’s holdings, making the stock its 18th biggest holding. Mountain Pacific Investment Advisers LLC owned approximately 0.39% of Donaldson worth $31,719,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DCI. Algert Global LLC lifted its position in Donaldson by 1,554.0% in the second 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. Granite Bay Wealth Management LLC purchased a new stake in shares of Donaldson during the fourth quarter worth about $943,000. Jensen Investment Management Inc. grew its stake in shares of Donaldson by 18.1% in the third quarter. Jensen Investment Management Inc. now owns 67,040 shares of the industrial products company’s stock worth $4,941,000 after purchasing an additional 10,280 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Donaldson by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock valued at $32,394,000 after purchasing an additional 23,758 shares during the period. Finally, Private Advisor Group LLC raised its position in Donaldson by 7.3% during the 3rd quarter. Private Advisor Group LLC now owns 28,877 shares of the industrial products company’s stock valued at $2,128,000 after purchasing an additional 1,974 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Donaldson Price Performance

Shares of DCI stock opened at $71.17 on Tuesday. The business’s fifty day moving average is $71.79 and its 200 day moving average is $72.61. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The stock has a market cap of $8.50 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.74 and a beta of 1.06. Donaldson Company, Inc. has a twelve month low of $62.98 and a twelve month high of $78.95.

Donaldson (NYSE:DCI) last released its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The firm had revenue of $900.10 million for the quarter, compared to the consensus estimate of $888.88 million. During the same period in the prior year, the firm earned $0.75 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. Research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.52%. Donaldson’s dividend payout ratio is currently 31.40%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DCI. Robert W. Baird boosted their target price on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Monday, January 13th. Finally, Morgan Stanley lifted their target price 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $74.00.

Insider Buying and Selling

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of the business’s stock in a transaction 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.70% of the stock is currently owned by company insiders.

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.