Confluence Investment Management LLC Has $22.12 Million Stake in Donaldson Company, Inc. (NYSE:DCI)

Confluence Investment Management LLC reduced its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328,449 shares of the industrial products company’s stock after selling 4,439 shares during the quarter. Confluence Investment Management LLC’s holdings in Donaldson were worth $22,121,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in shares of Donaldson by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company’s stock worth $220,380,000 after purchasing an additional 73,234 shares during the last quarter. Geode Capital Management LLC grew its stake in Donaldson by 5.1% during the third quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock worth $180,522,000 after buying an additional 118,156 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Donaldson by 1.8% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company’s stock worth $134,832,000 after buying an additional 32,964 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Donaldson by 4.7% in 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. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Donaldson by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock worth $93,770,000 after acquiring an additional 153,342 shares in the last quarter. 82.81% of the stock is owned by institutional investors.

Insider Activity at Donaldson

In other news, Director Willard D. Oberton sold 2,700 shares of Donaldson 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 transaction, the director now directly owns 27,983 shares of the company’s stock, valued at $2,053,112.71. This trade represents a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Thomas R. Scalf sold 4,295 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $73.33, for a total transaction of $314,952.35. Following the completion of the sale, the president now owns 30,834 shares of the company’s stock, valued at approximately $2,261,057.22. This represents a 12.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,495 shares of company stock worth $695,951. 2.70% of the stock is owned by insiders.

Donaldson Trading Up 0.2 %

DCI traded up $0.14 during mid-day trading on Thursday, reaching $67.49. The stock had a trading volume of 69,185 shares, compared to its average volume of 514,086. The firm’s fifty day simple moving average is $73.58 and its two-hundred day simple moving average is $72.90. The stock has a market capitalization of $8.06 billion, a P/E ratio of 19.62, a P/E/G ratio of 1.90 and a beta of 1.04. Donaldson Company, Inc. has a 52 week low of $61.79 and a 52 week high of $78.95. 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 (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 the consensus estimate of $0.82 by $0.01. The business 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 firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 earnings per share. On average, equities analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.60%. Donaldson’s dividend payout ratio is currently 31.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. Robert W. Baird raised their target price on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley lifted 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. 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average 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.