Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC cut its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 57.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,998 shares of the industrial products company’s stock after selling 9,301 shares during the quarter. Verition Fund Management LLC’s holdings in Donaldson were worth $516,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. increased its position in shares of Donaldson by 359.2% in the third 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 in the last quarter. Capital Performance Advisors LLP purchased a new position in Donaldson during the 3rd quarter valued at about $41,000. V Square Quantitative Management LLC raised its position in Donaldson by 52.0% during the third 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 during the last quarter. GAMMA Investing LLC raised its position in Donaldson by 72.0% during the third quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 301 shares during the last quarter. Finally, Headlands Technologies LLC lifted its holdings in shares of Donaldson by 221.0% in the second quarter. Headlands Technologies LLC now owns 1,011 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 696 shares in the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Trading Up 0.1 %

Shares of DCI opened at $72.66 on Thursday. Donaldson Company, Inc. has a fifty-two week low of $61.79 and a fifty-two week high of $78.95. The company has a market capitalization of $8.70 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 1.91 and a beta of 1.04. The stock has a fifty day moving average of $75.04 and a two-hundred day moving average of $73.36. 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 released its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm had revenue of $900.10 million during the quarter, compared to analyst estimates of $888.88 million. During the same period in the prior year, the firm posted $0.75 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, analysts forecast that Donaldson Company, Inc. will post 3.63 EPS for the current year.

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.49%. Donaldson’s payout ratio is 31.40%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. Robert W. Baird raised their price target on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Stifel Nicolaus reduced their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. Finally, StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $74.00.

Insider Activity at Donaldson

In other Donaldson news, Director Willard D. Oberton sold 2,700 shares of Donaldson stock in a transaction that occurred 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. The trade was 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 hyperlink. Also, President Thomas R. Scalf sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total transaction of $182,900.00. Following the sale, the president now owns 28,334 shares of the company’s stock, valued at approximately $2,072,915.44. This represents a 8.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 167,805 shares of company stock worth $12,310,222. 2.70% of the stock is owned by company insiders.

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.