TD Asset Management Inc Sells 314,795 Shares of Donaldson Company, Inc. (NYSE:DCI)

TD Asset Management Inc trimmed its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 16.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,605,856 shares of the industrial products company’s stock after selling 314,795 shares during the period. TD Asset Management Inc’s holdings in Donaldson were worth $114,915,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Wealthspire Advisors LLC raised its holdings in Donaldson by 2.8% during the first quarter. Wealthspire Advisors LLC now owns 5,106 shares of the industrial products company’s stock worth $381,000 after acquiring an additional 140 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Donaldson by 31.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 766 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 184 shares during the last quarter. Oak Family Advisors LLC raised its stake in shares of Donaldson by 4.3% during the 2nd quarter. Oak Family Advisors LLC now owns 4,742 shares of the industrial products company’s stock worth $339,000 after purchasing an additional 197 shares in the last quarter. SkyOak Wealth LLC boosted its holdings in shares of Donaldson by 5.3% in the 1st quarter. SkyOak Wealth LLC now owns 4,561 shares of the industrial products company’s stock valued at $341,000 after buying an additional 228 shares during the last quarter. Finally, Claro Advisors LLC grew its stake in shares of Donaldson by 2.3% in the first quarter. Claro Advisors LLC now owns 10,461 shares of the industrial products company’s stock valued at $781,000 after buying an additional 235 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DCI shares. Raymond James started coverage on shares of Donaldson in a research report on Friday, June 28th. They set a “market perform” rating on the stock. StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Stifel Nicolaus lowered their price target 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, Robert W. Baird dropped their price objective on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $69.67.

Insider Transactions at Donaldson

In related news, CFO Scott J. Robinson sold 37,600 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total value of $2,668,472.00. Following the completion of the sale, the chief financial officer now directly owns 37,702 shares in the company, valued at $2,675,710.94. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.58% of the company’s stock.

Donaldson Stock Performance

NYSE DCI opened at $70.20 on Friday. The stock has a market cap of $8.45 billion, a PE ratio of 21.73, a P/E/G ratio of 1.89 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.30 and a current ratio of 1.84. The firm has a 50-day moving average of $72.43 and a 200-day moving average of $72.70. Donaldson Company, Inc. has a 52-week low of $57.05 and a 52-week high of $78.03.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.08. The firm had revenue of $927.90 million during the quarter, compared to the consensus estimate of $915.84 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $0.76 earnings per share. On average, sell-side analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.54%. Donaldson’s payout ratio is presently 33.44%.

Donaldson 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.