Hills Bank & Trust Co Sells 404 Shares of Donaldson Company, Inc. (NYSE:DCI)

Hills Bank & Trust Co trimmed its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,856 shares of the industrial products company’s stock after selling 404 shares during the period. Hills Bank & Trust Co’s holdings in Donaldson were worth $1,707,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. TD Asset Management Inc raised its holdings in Donaldson by 23.7% during the first quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company’s stock valued at $143,434,000 after acquiring an additional 367,705 shares during the period. Fiduciary Management Inc. WI lifted its holdings in shares of Donaldson by 3.5% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,819,192 shares of the industrial products company’s stock worth $118,884,000 after buying an additional 61,584 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Donaldson by 19.4% in the fourth quarter. First Trust Advisors LP now owns 1,584,936 shares of the industrial products company’s stock worth $103,576,000 after buying an additional 256,994 shares in the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of Donaldson by 16.6% in the first quarter. Epoch Investment Partners Inc. now owns 1,331,717 shares of the industrial products company’s stock worth $99,453,000 after buying an additional 190,024 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Donaldson in the fourth quarter worth $57,923,000. 82.81% of the stock is currently owned by institutional investors.

Donaldson Price Performance

DCI traded up $0.99 during trading hours on Friday, hitting $74.81. The company’s stock had a trading volume of 300,067 shares, compared to its average volume of 477,317. The business’s 50-day moving average price is $72.41 and its 200-day moving average price is $72.40. Donaldson Company, Inc. has a 12 month low of $57.05 and a 12 month high of $78.03. The stock has a market cap of $9.01 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 1.90 and a beta of 1.05. The company has a current ratio of 1.91, a quick ratio of 1.30 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Tuesday, June 4th. The industrial products company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.08. Donaldson had a net margin of 11.22% and a return on equity of 29.00%. The company had revenue of $927.90 million for the quarter, compared to analysts’ expectations of $915.84 million. During the same quarter in the previous year, the business posted $0.76 earnings per share. Donaldson’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts expect that Donaldson Company, Inc. will post 3.37 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Tuesday, August 13th. Donaldson’s dividend payout ratio (DPR) is 33.44%.

Wall Street Analyst Weigh In

Several research firms have recently commented on DCI. Raymond James began coverage on shares of Donaldson in a report on Friday, June 28th. They issued a “market perform” rating on the stock. Robert W. Baird reduced their price target on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Donaldson has a consensus rating of “Hold” and a consensus price target of $67.67.

Insider Buying and Selling at Donaldson

In other Donaldson news, CFO Scott J. Robinson sold 37,600 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the transaction, the chief financial officer now owns 37,702 shares in the company, valued at $2,675,710.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.58% of the company’s stock.

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.