IQ EQ FUND MANAGEMENT IRELAND Ltd Has $789,000 Stake in Donaldson Company, Inc. (NYSE:DCI)

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its holdings in Donaldson Company, Inc. (NYSE:DCI) by 58.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,713 shares of the industrial products company’s stock after selling 16,771 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Donaldson were worth $789,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DCI. Vanguard Group Inc. increased its position in shares of Donaldson by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company’s stock valued at $856,509,000 after acquiring an additional 33,139 shares during the last quarter. Franklin Resources Inc. increased its holdings in Donaldson by 2.5% during the third quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company’s stock worth $220,380,000 after buying an additional 73,234 shares during the last quarter. Geode Capital Management LLC raised its position in Donaldson by 5.1% during the third quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock worth $180,522,000 after acquiring an additional 118,156 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Donaldson by 7.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,267,274 shares of the industrial products company’s stock valued at $85,351,000 after acquiring an additional 92,624 shares during the last quarter. Finally, Scharf Investments LLC bought a new position in shares of Donaldson in the 4th quarter valued at about $61,697,000. 82.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Donaldson news, President Thomas R. Scalf sold 28,500 shares of the stock in a transaction that occurred 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 transaction, the president now owns 28,334 shares in the company, valued at $1,961,279.48. This represents a 50.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. Over the last three months, insiders have 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 %

Donaldson stock opened at $68.82 on Friday. 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 $8.23 billion, a P/E ratio of 20.01, a P/E/G ratio of 1.82 and a beta of 1.04. The company’s 50-day moving average price is $69.55 and its two-hundred day moving average price is $71.60. 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 return on equity of 29.07% and a net margin of 11.56%. The firm had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. As a group, analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were paid a $0.27 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.57%. Donaldson’s dividend payout ratio (DPR) is presently 31.58%.

About Donaldson

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.