Martingale Asset Management L P Decreases Stake in Donaldson Company, Inc. (NYSE:DCI)

Martingale Asset Management L P lessened its stake in Donaldson Company, Inc. (NYSE:DCI) by 73.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 62,174 shares of the industrial products company’s stock after selling 175,676 shares during the quarter. Martingale Asset Management L P owned 0.05% of Donaldson worth $4,582,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. boosted its stake in shares of Donaldson by 359.2% in the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock valued at $26,000 after buying an additional 273 shares during the period. Versant Capital Management Inc boosted its stake in shares of Donaldson by 1,372.2% in the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after buying an additional 494 shares during the period. Mather Group LLC. boosted its stake in shares of Donaldson by 408.1% in the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after buying an additional 404 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Donaldson during the 3rd quarter worth about $41,000. Finally, V Square Quantitative Management LLC raised its position in shares of Donaldson by 52.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Donaldson Trading Up 0.6 %

Shares of DCI stock opened at $78.11 on Friday. The business’s 50 day moving average is $74.91 and its two-hundred day moving average is $73.41. Donaldson Company, Inc. has a twelve month low of $59.78 and a twelve month high of $78.95. The company has a market capitalization of $9.35 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 2.04 and a beta of 1.04. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI) last announced its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. The company had revenue of $935.40 million for the quarter, compared to the consensus estimate of $941.12 million. Equities analysts forecast that Donaldson Company, Inc. will post 3.63 EPS for the current year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.27 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.38%. Donaldson’s dividend payout ratio (DPR) is presently 31.95%.

Insider Activity at Donaldson

In related news, Director Willard D. Oberton sold 2,700 shares of Donaldson stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $73.37, for a total value of $198,099.00. Following the sale, the director now directly owns 27,983 shares in the company, valued at $2,053,112.71. The trade was a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Scott J. Robinson sold 83,600 shares of Donaldson stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $74.04, for a total value 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 approximately $2,791,456.08. This trade represents a 68.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 167,805 shares of company stock worth $12,310,222 over the last three months. 2.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Stifel Nicolaus cut their price target on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $69.67.

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.