Natixis Advisors LLC Reduces Position in Donaldson Company, Inc. (NYSE:DCI)

Natixis Advisors LLC trimmed its holdings in Donaldson Company, Inc. (NYSE:DCI) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,604 shares of the industrial products company’s stock after selling 1,128 shares during the quarter. Natixis Advisors LLC’s holdings in Donaldson were worth $1,666,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of DCI. UMB Bank n.a. grew its position in Donaldson by 359.2% in the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 273 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Donaldson by 408.1% during the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 404 shares during the period. Versant Capital Management Inc grew its holdings in shares of Donaldson by 1,372.2% in the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 494 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Donaldson in the third quarter worth about $41,000. Finally, V Square Quantitative Management LLC increased its stake in Donaldson by 52.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after buying an additional 207 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Stock Performance

DCI stock opened at $78.27 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. Donaldson Company, Inc. has a 1-year low of $58.75 and a 1-year high of $78.95. The business has a 50-day moving average price of $74.57 and a 200 day moving average price of $73.33. The company has a market capitalization of $9.37 billion, a P/E ratio of 23.16, a PEG ratio of 2.03 and a beta of 1.04.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. The firm had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. As a group, equities research analysts forecast that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Donaldson Dividend Announcement

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 issued a $0.27 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.38%. Donaldson’s dividend payout ratio is presently 31.95%.

Insider Transactions at Donaldson

In other news, Director James Owens sold 5,210 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total transaction of $373,765.40. Following the sale, the director now owns 17,788 shares in the company, valued at approximately $1,276,111.12. The trade was a 22.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total transaction of $182,900.00. Following the completion of the transaction, the president now directly owns 28,334 shares of the company’s stock, valued at $2,072,915.44. The trade was a 8.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 167,805 shares of company stock valued at $12,310,222. Corporate insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

DCI has been the subject of several research reports. Stifel Nicolaus lowered their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $69.67.

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.