PNC Financial Services Group Inc. Has $3.75 Million Stake in Donaldson Company, Inc. (NYSE:DCI)

PNC Financial Services Group Inc. trimmed its stake in Donaldson Company, Inc. (NYSE:DCI) by 1.8% in the third quarter, HoldingsChannel.com reports. The firm owned 50,881 shares of the industrial products company’s stock after selling 956 shares during the period. PNC Financial Services Group Inc.’s holdings in Donaldson were worth $3,750,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in Donaldson during the 3rd quarter worth about $212,000. Pathstone Holdings LLC lifted its position in Donaldson by 8.5% in the 3rd quarter. Pathstone Holdings LLC now owns 19,634 shares of the industrial products company’s stock valued at $1,447,000 after acquiring an additional 1,534 shares in the last quarter. Quest Partners LLC lifted its position in Donaldson by 33.6% in the 3rd quarter. Quest Partners LLC now owns 39,668 shares of the industrial products company’s stock valued at $2,924,000 after acquiring an additional 9,972 shares in the last quarter. Claro Advisors LLC lifted its position in Donaldson by 2.0% in the 3rd quarter. Claro Advisors LLC now owns 10,242 shares of the industrial products company’s stock valued at $755,000 after acquiring an additional 203 shares in the last quarter. Finally, ING Groep NV bought a new position in shares of Donaldson during the 3rd quarter worth approximately $1,142,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Up 1.9 %

DCI opened at $77.45 on Monday. The company has a fifty day moving average price of $74.43 and a 200-day moving average price of $73.31. The firm has a market capitalization of $9.27 billion, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 2.00 and a beta of 1.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. Donaldson Company, Inc. has a one year low of $58.75 and a one year high of $78.71.

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

Donaldson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.39%. Donaldson’s dividend payout ratio is presently 31.95%.

Wall Street Analysts Forecast Growth

DCI has been the topic of several recent analyst reports. Stifel Nicolaus dropped their target price on shares of 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 upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $69.67.

Insiders Place Their Bets

In other news, Director Willard D. Oberton sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $73.37, for a total value of $198,099.00. Following the transaction, the director now owns 27,983 shares in the company, valued at approximately $2,053,112.71. This represents a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Tod E. Carpenter sold 30,919 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $72.69, for a total transaction of $2,247,502.11. Following the completion of the transaction, the chief executive officer now owns 256,742 shares in the company, valued at approximately $18,662,575.98. This represents a 10.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 167,805 shares of company stock valued at $12,310,222 over the last three months. Insiders own 2.70% of the company’s stock.

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.