Victory Capital Management Inc. Has $2.03 Million Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Victory Capital Management Inc. decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 15.8% in the third quarter, Holdings Channel.com reports. The firm owned 27,486 shares of the industrial products company’s stock after selling 5,160 shares during the period. Victory Capital Management Inc.’s holdings in Donaldson were worth $2,026,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in shares of Donaldson by 359.2% during the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 273 shares in the last quarter. Versant Capital Management Inc raised its position 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 valued at $38,000 after acquiring an additional 494 shares in the last quarter. Mather Group LLC. lifted its stake in Donaldson by 408.1% in the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 404 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Donaldson in the third quarter valued at approximately $41,000. Finally, V Square Quantitative Management LLC grew its position in Donaldson by 52.0% in 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 in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Donaldson Stock Performance

NYSE:DCI opened at $77.45 on Monday. The firm has a market capitalization of $9.27 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 2.00 and a beta of 1.04. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. Donaldson Company, Inc. has a 12-month low of $58.75 and a 12-month high of $78.71. The firm has a 50-day moving average price of $74.43 and a 200 day moving average price of $73.31.

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

Donaldson Announces Dividend

The company also recently announced 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. This represents a $1.08 annualized dividend and a dividend yield of 1.39%. Donaldson’s payout ratio is 31.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Stifel Nicolaus cut their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $69.67.

Insider Buying and Selling

In related news, Director James Owens sold 5,210 shares of the stock in a transaction that occurred on 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 directly owns 17,788 shares in the company, valued at $1,276,111.12. This represents a 22.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Willard D. Oberton sold 2,700 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $73.37, for a total value of $198,099.00. Following the completion of the transaction, the director now directly owns 27,983 shares in the company, valued at approximately $2,053,112.71. This represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 167,805 shares of company stock worth $12,310,222 in the last quarter. 2.70% of the stock is owned by corporate insiders.

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.