MML Investors Services LLC Sells 310 Shares of Donaldson Company, Inc. (NYSE:DCI)

MML Investors Services LLC trimmed its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 7.3% in the third quarter, Holdings Channel.com reports. The firm owned 3,925 shares of the industrial products company’s stock after selling 310 shares during the quarter. MML Investors Services LLC’s holdings in Donaldson were worth $289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Donaldson by 1.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company’s stock valued at $134,832,000 after buying an additional 32,964 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Donaldson by 4.7% during the second quarter. American Century Companies Inc. now owns 1,691,903 shares of the industrial products company’s stock valued at $121,073,000 after acquiring an additional 75,733 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Donaldson by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock worth $93,770,000 after purchasing an additional 153,342 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Donaldson by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 1,285,130 shares of the industrial products company’s stock worth $91,964,000 after purchasing an additional 9,143 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Donaldson by 18.5% in the second quarter. AQR Capital Management LLC now owns 754,631 shares of the industrial products company’s stock worth $53,964,000 after purchasing an additional 117,874 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on DCI shares. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. Morgan Stanley lifted their price objective on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. Stifel Nicolaus decreased their target price 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. Finally, Robert W. Baird boosted their price target on shares of Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $74.00.

Donaldson Stock Up 0.3 %

Shares of Donaldson stock opened at $67.91 on Thursday. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 1.90 and a beta of 1.04. The stock’s 50-day moving average is $74.28 and its 200 day moving average is $73.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. Donaldson Company, Inc. has a one year low of $61.79 and a one year high of $78.95.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $900.10 million for the quarter, compared to analysts’ expectations of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 EPS. Equities research analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.59%. Donaldson’s dividend payout ratio is currently 31.40%.

Insider Transactions at Donaldson

In related news, President Thomas R. Scalf sold 4,295 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $73.33, for a total value of $314,952.35. Following the transaction, the president now directly owns 30,834 shares in the company, valued at $2,261,057.22. This trade represents a 12.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Willard D. Oberton sold 2,700 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $73.37, for a total transaction of $198,099.00. Following the sale, the director now owns 27,983 shares of the company’s stock, valued at $2,053,112.71. This trade represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,095 shares of company stock valued at $6,885,695 in the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

Donaldson 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.