Quarry LP Sells 1,242 Shares of Donaldson Company, Inc. (NYSE:DCI)

Quarry LP lessened its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 75.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 408 shares of the industrial products company’s stock after selling 1,242 shares during the period. Quarry LP’s holdings in Donaldson were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DCI. Vanguard Personalized Indexing Management LLC lifted its stake in Donaldson by 1.3% in the 2nd 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 during the last quarter. Oak Family Advisors LLC raised its stake in shares of Donaldson by 4.3% during the second quarter. Oak Family Advisors LLC now owns 4,742 shares of the industrial products company’s stock valued at $339,000 after acquiring an additional 197 shares during the last quarter. Claro Advisors LLC raised its stake in shares of Donaldson by 2.0% during the third 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. V Square Quantitative Management LLC increased its position 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 worth $45,000 after buying an additional 207 shares during the period. Finally, Hancock Whitney Corp increased its position in shares of Donaldson by 1.2% during the third quarter. Hancock Whitney Corp now owns 18,960 shares of the industrial products company’s stock worth $1,397,000 after buying an additional 219 shares during the period. Institutional investors own 82.81% of the company’s stock.

Donaldson Price Performance

Shares of NYSE:DCI opened at $72.69 on Friday. 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 12 month low of $61.79 and a 12 month high of $78.95. The stock has a market cap of $8.68 billion, a P/E ratio of 21.13, a P/E/G ratio of 1.91 and a beta of 1.04. The company has a 50 day moving average of $75.03 and a 200 day moving average of $73.36.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The company had revenue of $900.10 million during the quarter, compared to analyst estimates of $888.88 million. During the same period in the prior year, the business posted $0.75 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Monday, December 9th. Donaldson’s payout ratio is currently 31.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DCI shares. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. Stifel Nicolaus dropped their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. Robert W. Baird raised their price target 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. Finally, Morgan Stanley raised their price target on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $74.00.

Insider Buying and Selling at Donaldson

In related news, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total transaction of $182,900.00. Following the sale, the president now directly owns 28,334 shares of the company’s stock, valued at approximately $2,072,915.44. This represents a 8.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tod E. Carpenter sold 30,919 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $72.69, for a total transaction of $2,247,502.11. Following the sale, the chief executive officer now directly owns 256,742 shares in the company, valued at $18,662,575.98. This trade represents a 10.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 167,805 shares of company stock valued at $12,310,222. 2.70% of the stock is currently owned by company insiders.

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.