Parallel Advisors LLC Trims Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Parallel Advisors LLC decreased its holdings in Donaldson Company, Inc. (NYSE:DCI) by 0.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 162,461 shares of the industrial products company’s stock after selling 1,266 shares during the quarter. Parallel Advisors LLC’s holdings in Donaldson were worth $11,626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in DCI. TD Asset Management Inc increased 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 purchasing an additional 1,060,232 shares in the last quarter. Norges Bank purchased a new stake in Donaldson in the fourth quarter worth about $57,923,000. Epoch Investment Partners Inc. raised its stake in shares of Donaldson by 91.0% in the fourth quarter. Epoch Investment Partners Inc. now owns 1,141,693 shares of the industrial products company’s stock worth $74,610,000 after buying an additional 544,008 shares during the period. Eagle Ridge Investment Management purchased a new position in shares of Donaldson during the 1st quarter valued at about $25,351,000. Finally, Confluence Investment Management LLC bought a new position in shares of Donaldson during the 1st quarter valued at approximately $25,018,000. 82.81% of the stock is currently owned by institutional investors.

Donaldson Price Performance

DCI stock opened at $70.69 on Friday. The company has a market capitalization of $8.51 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05. The company’s fifty day moving average price is $72.34 and its 200-day moving average price is $72.86. Donaldson Company, Inc. has a one year low of $57.05 and a one year high of $78.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Tuesday, August 13th. Donaldson’s dividend payout ratio (DPR) is presently 33.44%.

Insider Activity

In other Donaldson news, CFO Scott J. Robinson sold 37,600 shares of Donaldson 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 sale, the chief financial officer now owns 37,702 shares of the company’s stock, valued at approximately $2,675,710.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.58% of the company’s stock.

Analyst Upgrades and Downgrades

DCI has been the topic of a number of recent analyst reports. Raymond James started coverage on shares of Donaldson in a research note on Friday, June 28th. They set a “market perform” rating on the stock. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Robert W. Baird cut their price target on Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Finally, Stifel Nicolaus lowered their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. One investment 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, Donaldson currently has an average rating of “Hold” and an average price target of $69.67.

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.