Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Hemenway Trust Co LLC

Hemenway Trust Co LLC reduced its stake in Donaldson Company, Inc. (NYSE:DCI) by 24.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,018 shares of the industrial products company’s stock after selling 982 shares during the period. Hemenway Trust Co LLC’s holdings in Donaldson were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DCI. TD Asset Management Inc raised its stake in shares of Donaldson by 215.2% in the 4th quarter. TD Asset Management Inc now owns 1,552,946 shares of the industrial products company’s stock worth $101,485,000 after buying an additional 1,060,232 shares in the last quarter. Norges Bank acquired a new stake in Donaldson in the 4th quarter valued at about $57,923,000. Epoch Investment Partners Inc. boosted its position in shares of Donaldson by 91.0% during the 4th quarter. Epoch Investment Partners Inc. now owns 1,141,693 shares of the industrial products company’s stock valued at $74,610,000 after purchasing an additional 544,008 shares in the last quarter. Eagle Ridge Investment Management bought a new position in shares of Donaldson during the 1st quarter valued at about $25,351,000. Finally, Confluence Investment Management LLC acquired a new position in shares of Donaldson in the 1st quarter worth approximately $25,018,000. 82.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Stifel Nicolaus cut their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. Robert W. Baird reduced their price objective on Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Raymond James began coverage on shares of Donaldson in a research report on Friday, June 28th. They issued a “market perform” rating for the company. One equities 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $69.67.

Insider Activity at Donaldson

In other Donaldson news, CFO Scott J. Robinson sold 37,600 shares of the firm’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 owns 37,702 shares in the company, valued at approximately $2,675,710.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.58% of the company’s stock.

Donaldson Stock Performance

NYSE DCI traded down $0.02 during trading on Friday, hitting $70.16. The company’s stock had a trading volume of 38,568 shares, compared to its average volume of 481,261. Donaldson Company, Inc. has a 52 week low of $57.05 and a 52 week high of $78.03. The firm has a market cap of $8.45 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05. The firm has a 50 day moving average price of $72.43 and a 200 day moving average price of $72.70. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI) last released its earnings results on Tuesday, June 4th. The industrial products company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.84 by $0.08. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The firm had revenue of $927.90 million during the quarter, compared to analysts’ expectations of $915.84 million. During the same period in the prior year, the company earned $0.76 EPS. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities research analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Tuesday, August 13th. 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.