Jupiter Asset Management Ltd. Sells 223,120 Shares of Donaldson Company, Inc. (NYSE:DCI)

Jupiter Asset Management Ltd. trimmed its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 57.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,534 shares of the industrial products company’s stock after selling 223,120 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Donaldson were worth $11,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of DCI. Atria Investments Inc grew its position in Donaldson by 7.1% during the 3rd quarter. Atria Investments Inc now owns 9,301 shares of the industrial products company’s stock worth $685,000 after acquiring an additional 620 shares during the last quarter. GSA Capital Partners LLP bought a new position in Donaldson during the 3rd quarter worth approximately $1,274,000. Cumberland Partners Ltd grew its position in Donaldson by 50.0% during the 3rd quarter. Cumberland Partners Ltd now owns 15,000 shares of the industrial products company’s stock worth $1,106,000 after acquiring an additional 5,000 shares during the last quarter. MQS Management LLC bought a new position in Donaldson during the 3rd quarter worth approximately $982,000. Finally, Curi RMB Capital LLC grew its position in Donaldson by 2.6% during the 3rd quarter. Curi RMB Capital LLC now owns 11,383 shares of the industrial products company’s stock worth $839,000 after acquiring an additional 285 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DCI shares. Robert W. Baird lifted their price objective on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Morgan Stanley lifted their price objective on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. Finally, StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $74.00.

Insider Activity at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 29,500 shares of Donaldson stock in a transaction on Friday, February 28th. The stock was sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the completion of the transaction, the president now owns 28,334 shares in the company, valued at approximately $1,951,929.26. The trade was a 51.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $946,400.00. Following the transaction, the director now owns 26,420 shares of the company’s stock, valued at $1,785,992. The trade was a 34.64 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

Donaldson Price Performance

Shares of DCI stock opened at $67.95 on Thursday. 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 Company, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $78.95. The firm has a market cap of $8.12 billion, a P/E ratio of 19.75, a P/E/G ratio of 1.82 and a beta of 1.04. The business’s 50 day moving average price is $69.48 and its 200-day moving average price is $71.88.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The firm had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. On average, equities research analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were given a dividend of $0.27 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.59%. Donaldson’s dividend payout ratio is presently 31.58%.

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.