Tower Research Capital LLC TRC reduced its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 39.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,497 shares of the industrial products company’s stock after selling 6,913 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Donaldson were worth $611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of DCI. Natixis purchased a new position in Donaldson during the 2nd quarter valued at about $200,000. Armstrong Henry H Associates Inc. purchased a new position in Donaldson during the 3rd quarter valued at about $204,000. CIBC Asset Management Inc purchased a new position in Donaldson during the 2nd quarter valued at about $210,000. Wedbush Securities Inc. purchased a new position in Donaldson during the 2nd quarter valued at about $212,000. Finally, Jane Street Group LLC purchased a new position in Donaldson during the 2nd quarter valued at about $215,000. Hedge funds and other institutional investors own 81.42% of the company’s stock.

Donaldson stock opened at $48.92 on Friday. Donaldson Company, Inc. has a 12-month low of $43.35 and a 12-month high of $59.43. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 1.87 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.69 and a current ratio of 2.40.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Tuesday, December 4th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.01). Donaldson had a return on equity of 32.75% and a net margin of 6.92%. The firm had revenue of $701.40 million for the quarter, compared to analyst estimates of $700.98 million. During the same period in the prior year, the business earned $0.46 earnings per share. Donaldson’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities research analysts expect that Donaldson Company, Inc. will post 2.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Tuesday, December 11th will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, December 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.55%. Donaldson’s dividend payout ratio is currently 38.00%.

In related news, Director Willard D. Oberton sold 14,400 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $56.85, for a total value of $818,640.00. Following the sale, the director now directly owns 30,451 shares of the company’s stock, valued at $1,731,139.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Richard Brent Lewis sold 3,209 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $58.99, for a total transaction of $189,298.91. Following the completion of the sale, the vice president now directly owns 4,000 shares in the company, valued at $235,960. The disclosure for this sale can be found here. 1.35% of the stock is owned by company insiders.

Several equities research analysts have issued reports on DCI shares. Oppenheimer reaffirmed a “hold” rating on shares of Donaldson in a research note on Thursday, September 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $54.00 price target (up from $46.00) on shares of Donaldson in a research note on Thursday, September 6th. ValuEngine raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Zacks Investment Research raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Monday, September 10th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $56.00 price target on shares of Donaldson in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $56.33.

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Donaldson Company Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

Further Reading: Average Daily Trade Volume Explained

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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