Donaldson Company, Inc. (NYSE:DCI) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 5.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,074 shares of the industrial products company’s stock after buying an additional 843 shares during the period. Pictet Asset Management Holding SA’s holdings in Donaldson were worth $1,083,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Donaldson by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company’s stock worth $856,509,000 after buying an additional 33,139 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Donaldson by 2.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company’s stock valued at $220,380,000 after acquiring an additional 73,234 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Donaldson by 5.1% in the third quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock valued at $180,522,000 after purchasing an additional 118,156 shares during the period. Bank of New York Mellon Corp increased its position in Donaldson by 7.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,267,274 shares of the industrial products company’s stock worth $85,351,000 after purchasing an additional 92,624 shares during the last quarter. Finally, Norges Bank purchased a new position in Donaldson during the fourth quarter worth about $65,828,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Activity

In related news, President Thomas R. Scalf sold 28,500 shares of Donaldson stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the completion of the transaction, the president now owns 28,334 shares in the company, valued at $1,961,279.48. The trade was a 50.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $74.00.

Donaldson Stock Performance

NYSE DCI opened at $60.83 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The company has a market cap of $7.27 billion, a P/E ratio of 17.68, a P/E/G ratio of 1.82 and a beta of 1.01. The stock has a 50-day moving average of $68.85 and a two-hundred day moving average of $71.39. Donaldson Company, Inc. has a 1-year low of $59.95 and a 1-year high of $78.95.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The business had revenue of $870.00 million during the quarter, compared to analyst estimates of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. As a group, 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 Friday, February 28th. Stockholders of record on Thursday, February 13th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Thursday, February 13th. Donaldson’s dividend payout ratio is currently 31.58%.

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.