Natixis Advisors LLC Sells 3,356 Shares of Donaldson Company, Inc. (NYSE:DCI)

Natixis Advisors LLC lowered its stake in Donaldson Company, Inc. (NYSE:DCI) by 14.8% in the 4th quarter, Holdings Channel reports. The firm owned 19,248 shares of the industrial products company’s stock after selling 3,356 shares during the quarter. Natixis Advisors LLC’s holdings in Donaldson were worth $1,296,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DCI. Smartleaf Asset Management LLC grew its stake in Donaldson by 43.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 180 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Donaldson by 89.6% during the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 369 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 206 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Donaldson by 45.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock worth $77,000 after buying an additional 353 shares in the last quarter. Finally, Kentucky Trust Co bought a new stake in Donaldson during the fourth quarter valued at $105,000. 82.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was 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. This represents a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Thomas R. Scalf sold 28,500 shares of Donaldson stock in a transaction on Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the transaction, the president now directly owns 28,334 shares in the company, valued at approximately $1,961,279.48. The trade was a 50.15 % 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 currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Morgan Stanley raised their price target on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, December 4th. StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. 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 note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $74.00.

Donaldson Price Performance

DCI opened at $68.32 on Wednesday. The stock has a market capitalization of $8.17 billion, a P/E ratio of 19.86, a PEG ratio of 1.82 and a beta of 1.04. 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 Company, Inc. has a 12-month low of $65.10 and a 12-month high of $78.95. The stock has a 50-day moving average price of $69.59 and a 200-day moving average price of $71.64.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The business had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Equities analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a yield of 1.58%. Donaldson’s payout ratio is 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.