Swiss National Bank Cuts Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Swiss National Bank lessened its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 235,200 shares of the industrial products company’s stock after selling 1,600 shares during the quarter. Swiss National Bank owned about 0.20% of Donaldson worth $17,334,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. UMB Bank n.a. grew its holdings in Donaldson by 359.2% during the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 273 shares during the period. Versant Capital Management Inc grew its holdings in Donaldson by 1,372.2% during the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 494 shares during the period. Mather Group LLC. grew its holdings in Donaldson by 408.1% during the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 404 shares during the period. Capital Performance Advisors LLP acquired a new position in Donaldson during the third quarter worth $41,000. Finally, V Square Quantitative Management LLC grew its holdings in Donaldson by 52.0% during the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 207 shares during the period. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Donaldson Stock Up 1.9 %

Donaldson stock opened at $77.44 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84. The firm has a market capitalization of $9.27 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 1.98 and a beta of 1.04. Donaldson Company, Inc. has a fifty-two week low of $58.75 and a fifty-two week high of $78.71. The stock’s fifty day moving average is $74.43 and its two-hundred day moving average is $73.33.

Donaldson (NYSE:DCI) last posted its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. The company had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. Analysts predict that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.39%. Donaldson’s payout ratio is currently 31.95%.

Analysts Set New Price Targets

DCI has been the topic of a number of recent analyst reports. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. Stifel Nicolaus dropped their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $69.67.

Insider Activity at Donaldson

In related news, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total transaction of $182,900.00. Following the sale, the president now owns 28,334 shares of the company’s stock, valued at $2,072,915.44. This trade represents a 8.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott J. Robinson sold 83,600 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $74.04, for a total value of $6,189,744.00. Following the sale, the chief financial officer now directly owns 37,702 shares in the company, valued at approximately $2,791,456.08. The trade was a 68.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 167,805 shares of company stock valued at $12,310,222 over the last quarter. Insiders own 2.70% of the company’s stock.

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.