TD Asset Management Inc. Sells 128,156 Shares of Donaldson Company, Inc. (NYSE:DCI)

TD Asset Management Inc. lessened its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 8.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,390,065 shares of the industrial products company’s stock after selling 128,156 shares during the quarter. TD Asset Management Inc.’s holdings in Donaldson were worth $93,621,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Scharf Investments LLC acquired a new stake in Donaldson during the fourth quarter worth approximately $61,697,000. Dudley & Shanley Inc. increased its stake in shares of Donaldson by 5,118.4% during the fourth quarter. Dudley & Shanley Inc. now owns 268,750 shares of the industrial products company’s stock worth $18,100,000 after purchasing an additional 263,600 shares during the period. Swedbank AB acquired a new stake in Donaldson during the 4th quarter worth approximately $17,471,000. Raymond James Financial Inc. bought a new stake in Donaldson in the 4th quarter valued at $13,865,000. Finally, Geode Capital Management LLC grew its holdings in Donaldson by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock valued at $180,522,000 after buying an additional 118,156 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Morgan Stanley lifted their price objective on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. Finally, Robert W. Baird raised their target price on shares of 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 issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $74.00.

Donaldson Stock Up 0.3 %

Shares of NYSE DCI opened at $68.32 on Wednesday. Donaldson Company, Inc. has a 52 week low of $65.10 and a 52 week high of $78.95. The stock’s fifty day moving average is $69.59 and its 200 day moving average is $71.64. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The stock has a market capitalization of $8.17 billion, a P/E ratio of 19.86, a PEG ratio of 1.82 and a beta of 1.04.

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 analyst estimates of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson’s dividend payout ratio is presently 31.58%.

Insider Activity

In other Donaldson news, President Thomas R. Scalf sold 28,500 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the sale, the president now owns 28,334 shares of the company’s stock, valued at approximately $1,961,279.48. The trade was a 50.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the completion of the transaction, the director now owns 26,420 shares of the company’s stock, valued at $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,000 shares of company stock worth $4,951,425. 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.