Y Intercept Hong Kong Ltd Trims Stake in Donaldson Company, Inc. (NYSE:DCI)

Y Intercept Hong Kong Ltd lessened its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 21.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 15,456 shares of the industrial products company’s stock after selling 4,135 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Donaldson were worth $1,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Los Angeles Capital Management LLC bought a new stake in shares of Donaldson during the 2nd quarter valued at $14,288,000. Jupiter Asset Management Ltd. increased its stake in shares of Donaldson by 91.4% during the second quarter. Jupiter Asset Management Ltd. now owns 370,756 shares of the industrial products company’s stock valued at $26,531,000 after buying an additional 177,078 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Donaldson by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock valued at $93,770,000 after acquiring an additional 153,342 shares in the last quarter. Algert Global LLC lifted its stake in Donaldson by 1,554.0% in the second quarter. Algert Global LLC now owns 146,346 shares of the industrial products company’s stock worth $10,473,000 after acquiring an additional 137,498 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Donaldson by 18.5% during the 2nd quarter. AQR Capital Management LLC now owns 754,631 shares of the industrial products company’s stock worth $53,964,000 after acquiring an additional 117,874 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Buying and Selling

In other news, CFO Scott J. Robinson sold 83,600 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the completion of the sale, the chief financial officer now owns 37,702 shares in the company, valued at $2,791,456.08. This trade represents a 68.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $373,765.40. Following the completion of the transaction, the director now owns 17,788 shares of the company’s stock, valued at $1,276,111.12. The trade was a 22.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 167,805 shares of company stock worth $12,310,222. Insiders own 2.70% of the company’s stock.

Donaldson Stock Performance

Shares of NYSE DCI opened at $72.66 on Thursday. The company’s fifty day moving average price is $75.04 and its 200 day moving average price is $73.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. Donaldson Company, Inc. has a 1 year low of $61.79 and a 1 year high of $78.95. The company has a market capitalization of $8.70 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 1.91 and a beta of 1.04.

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, beating analysts’ consensus estimates of $0.82 by $0.01. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business had revenue of $900.10 million during the quarter, compared to analyst estimates of $888.88 million. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 earnings per share. On average, research analysts predict that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Monday, December 9th. Donaldson’s dividend payout ratio is currently 31.40%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DCI. Morgan Stanley boosted their price objective on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. Robert W. Baird lifted their price objective 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. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $74.00.

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.