Mountain Pacific Investment Advisers LLC Cuts Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Mountain Pacific Investment Advisers LLC reduced its position in Donaldson Company, Inc. (NYSE:DCI) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 470,954 shares of the industrial products company’s stock after selling 7,533 shares during the period. Donaldson comprises approximately 2.2% of Mountain Pacific Investment Advisers LLC’s holdings, making the stock its 18th largest position. Mountain Pacific Investment Advisers LLC’s holdings in Donaldson were worth $31,719,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DCI. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Donaldson by 1.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,364 shares of the industrial products company’s stock valued at $813,000 after purchasing an additional 146 shares in the last quarter. Claro Advisors LLC boosted its holdings in shares of Donaldson by 2.0% during 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 during the last quarter. GAMMA Investing LLC grew its stake in shares of Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 206 shares during the period. V Square Quantitative Management LLC raised its holdings in shares of Donaldson by 52.0% during the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 207 shares during the last quarter. Finally, Hancock Whitney Corp lifted its position in Donaldson by 1.2% during the third quarter. Hancock Whitney Corp now owns 18,960 shares of the industrial products company’s stock valued at $1,397,000 after purchasing an additional 219 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Trading Up 1.2 %

Shares of Donaldson stock opened at $71.17 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The stock has a market capitalization of $8.50 billion, a PE ratio of 20.69, a P/E/G ratio of 1.74 and a beta of 1.06. Donaldson Company, Inc. has a 1-year low of $62.98 and a 1-year high of $78.95. The company’s fifty day simple moving average is $71.79 and its 200-day simple moving average is $72.61.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (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 business had revenue of $900.10 million during the quarter, compared to analyst estimates of $888.88 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. Donaldson’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Monday, December 9th. Donaldson’s payout ratio is 31.40%.

Analyst Ratings Changes

A number of equities research analysts have commented on DCI shares. StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 13th. Robert W. Baird upped their price objective on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley raised their target price on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $74.00.

Insider Buying and Selling at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of Donaldson 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 in the company, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.