TD Asset Management Inc. Has $93.62 Million Holdings in Donaldson Company, Inc. (NYSE:DCI)

TD Asset Management Inc. cut its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,390,065 shares of the industrial products company’s stock after selling 128,156 shares during the period. TD Asset Management Inc. owned approximately 1.16% of Donaldson worth $93,621,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its holdings in shares of Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 180 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Donaldson by 89.6% during the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after buying an additional 369 shares during the period. GAMMA Investing LLC lifted its stake in Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after buying an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Donaldson by 45.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock valued at $77,000 after buying an additional 353 shares during the period. Finally, Lee Danner & Bass Inc. bought a new stake in shares of Donaldson during the fourth quarter worth $91,000. 82.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Donaldson

In other news, Director Trudy A. Rautio sold 14,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the sale, the director now directly owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. This represents a 34.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas R. Scalf sold 28,500 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the sale, the president now owns 28,334 shares of the company’s stock, valued at $1,961,279.48. This trade represents a 50.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,000 shares of company stock valued at $4,951,425. 2.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on DCI shares. Morgan Stanley boosted their price objective 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. StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Finally, Robert W. Baird increased their price objective on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $74.00.

Donaldson Stock Up 0.3 %

Donaldson stock opened at $68.32 on Wednesday. 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 1-year low of $65.10 and a 1-year high of $78.95. The company has a fifty day simple moving average of $69.59 and a 200 day simple moving average of $71.64. The company has a market cap of $8.17 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04.

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

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson’s 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.