Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp trimmed its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 19.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 951 shares of the industrial products company’s stock after selling 234 shares during the quarter. Fifth Third Bancorp’s holdings in Donaldson were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its holdings in Donaldson by 7.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,057 shares of the industrial products company’s stock worth $475,000 after purchasing an additional 482 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Donaldson by 0.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 41,813 shares of the industrial products company’s stock worth $2,816,000 after buying an additional 350 shares in the last quarter. Sendero Wealth Management LLC lifted its holdings in shares of Donaldson by 20.9% in the fourth quarter. Sendero Wealth Management LLC now owns 10,746 shares of the industrial products company’s stock valued at $724,000 after buying an additional 1,860 shares during the period. Radnor Capital Management LLC boosted its stake in Donaldson by 21.4% during the fourth quarter. Radnor Capital Management LLC now owns 69,820 shares of the industrial products company’s stock valued at $4,702,000 after buying an additional 12,315 shares in the last quarter. Finally, Covea Finance boosted its stake in Donaldson by 37.5% during the fourth quarter. Covea Finance now owns 44,000 shares of the industrial products company’s stock valued at $2,963,000 after buying an additional 12,000 shares in the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Trudy A. Rautio sold 14,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the transaction, the director now owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DCI. Robert W. Baird raised their price objective on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Morgan Stanley raised their target price on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, December 4th. Finally, StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.00.

Donaldson Price Performance

NYSE DCI opened at $71.19 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 1 year low of $64.35 and a 1 year high of $78.95. The company has a market cap of $8.50 billion, a PE ratio of 20.69, a PEG ratio of 1.84 and a beta of 1.06. The stock’s 50-day moving average price is $70.88 and its two-hundred day moving average price is $72.58.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $900.10 million during the quarter, compared to analyst estimates of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $0.75 EPS. On average, analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.52%. Donaldson’s dividend payout ratio is currently 31.40%.

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.