Burney Co. Sells 440 Shares of Donaldson Company, Inc. (NYSE:DCI)

Burney Co. trimmed its holdings in Donaldson Company, Inc. (NYSE:DCI) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,161 shares of the industrial products company’s stock after selling 440 shares during the quarter. Burney Co.’s holdings in Donaldson were worth $684,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DCI. UMB Bank n.a. raised its stake in shares of Donaldson by 359.2% in 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 last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Donaldson in the third quarter valued at approximately $41,000. V Square Quantitative Management LLC raised its position in Donaldson by 52.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 207 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Donaldson by 72.0% during the 3rd quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock worth $53,000 after buying an additional 301 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Donaldson by 185.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,269 shares of the industrial products company’s stock valued at $91,000 after buying an additional 825 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Price Performance

Shares of DCI opened at $71.17 on Friday. The stock has a market cap of $8.50 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.74 and a beta of 1.06. Donaldson Company, Inc. has a 1 year low of $62.98 and a 1 year high of $78.95. The stock’s 50-day moving average price is $71.93 and its two-hundred day moving average price is $72.58. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $900.10 million during the quarter, compared to analysts’ expectations of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 earnings per share. On average, equities analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, December 9th. This represents a $1.08 annualized dividend and a yield of 1.52%. Donaldson’s dividend payout ratio is presently 31.40%.

Insider Buying and Selling at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 directly owns 26,420 shares in the company, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on DCI shares. Morgan Stanley lifted their price objective on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. Robert W. Baird lifted 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. Finally, StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $74.00.

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.