Mutual of America Capital Management LLC Has $4.41 Million Stock Position in Donaldson Company, Inc. $DCI

Mutual of America Capital Management LLC lowered its position in Donaldson Company, Inc. (NYSE:DCI) by 9.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,813 shares of the industrial products company’s stock after selling 5,623 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Donaldson were worth $4,405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp lifted its position in Donaldson by 0.7% in the second quarter. State Street Corp now owns 5,221,808 shares of the industrial products company’s stock worth $362,132,000 after purchasing an additional 36,866 shares during the period. Boston Trust Walden Corp lifted its holdings in shares of Donaldson by 7.8% during the 2nd quarter. Boston Trust Walden Corp now owns 2,825,916 shares of the industrial products company’s stock worth $195,977,000 after acquiring an additional 203,957 shares during the period. Geode Capital Management LLC raised its position in Donaldson by 0.8% in the second quarter. Geode Capital Management LLC now owns 2,821,115 shares of the industrial products company’s stock worth $195,667,000 after purchasing an additional 21,334 shares in the last quarter. American Century Companies Inc. lifted its stake in Donaldson by 3.6% during the second quarter. American Century Companies Inc. now owns 1,545,416 shares of the industrial products company’s stock worth $107,175,000 after purchasing an additional 53,619 shares during the period. Finally, Norges Bank acquired a new stake in Donaldson during the second quarter valued at approximately $68,759,000. 82.81% of the stock is currently owned by institutional investors.

Insider Activity

In other Donaldson news, CFO Bradley J. Pogalz sold 566 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $91.57, for a total transaction of $51,828.62. Following the transaction, the chief financial officer directly owned 434 shares in the company, valued at approximately $39,741.38. This represents a 56.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ajita G. Rajendra sold 19,800 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $92.04, for a total transaction of $1,822,392.00. Following the sale, the director directly owned 43,993 shares of the company’s stock, valued at approximately $4,049,115.72. This trade represents a 31.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.20% of the company’s stock.

Donaldson Trading Up 1.5%

Shares of NYSE DCI opened at $103.23 on Friday. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $103.78. The company has a 50-day moving average of $93.66 and a two-hundred day moving average of $84.22. The company has a market cap of $11.91 billion, a PE ratio of 32.16, a P/E/G ratio of 2.51 and a beta of 0.99. The company has a current ratio of 2.15, a quick ratio of 1.39 and a debt-to-equity ratio of 0.44.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Wednesday, December 3rd. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. Donaldson had a net margin of 10.25% and a return on equity of 30.24%. The business had revenue of $935.40 million during the quarter, compared to analyst estimates of $922.68 million. During the same quarter last year, the business posted $0.83 earnings per share. Donaldson’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 12th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, February 12th. Donaldson’s dividend payout ratio (DPR) is presently 37.38%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Robert W. Baird set a $100.00 target price on Donaldson in a report on Friday, December 5th. Morgan Stanley raised Donaldson from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $72.00 to $84.00 in a report on Monday, November 24th. Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Stifel Nicolaus increased their target price on shares of Donaldson from $90.00 to $96.00 and gave the stock a “hold” rating in a research report on Friday, December 5th. Finally, Jefferies Financial Group raised shares of Donaldson from a “hold” rating to a “buy” rating and lifted their price target for the company from $92.00 to $120.00 in a report on Friday, January 9th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Donaldson currently has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Donaldson Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.