Values First Advisors Inc. Reduces Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Values First Advisors Inc. reduced its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,261 shares of the industrial products company’s stock after selling 1,068 shares during the period. Values First Advisors Inc.’s holdings in Donaldson were worth $1,634,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Truist Financial Corp increased its holdings in shares of Donaldson by 16.4% during the 2nd quarter. Truist Financial Corp now owns 5,697 shares of the industrial products company’s stock worth $408,000 after buying an additional 804 shares during the last quarter. GAMMA Investing LLC grew its position in Donaldson by 72.0% in the third quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 301 shares during the period. CWM LLC grew its position in Donaldson by 24.6% in the third quarter. CWM LLC now owns 7,483 shares of the industrial products company’s stock worth $551,000 after acquiring an additional 1,477 shares during the period. UMB Bank n.a. increased its stake in Donaldson by 359.2% during the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 273 shares during the last quarter. Finally, Creative Planning raised its position in Donaldson by 2.7% in the third quarter. Creative Planning now owns 30,017 shares of the industrial products company’s stock valued at $2,212,000 after purchasing an additional 786 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Morgan Stanley raised 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. Robert W. Baird lifted 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, StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $74.00.

Insider Activity at Donaldson

In other news, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was 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 in the company, valued at approximately $1,785,992. This represents a 34.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.70% of the stock is owned by corporate insiders.

Donaldson Stock Up 0.5 %

Shares of DCI opened at $70.77 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The stock has a market capitalization of $8.45 billion, a PE ratio of 20.57, a P/E/G ratio of 1.85 and a beta of 1.06. The company’s 50-day simple moving average is $69.91 and its 200-day simple moving average is $72.44. Donaldson Company, Inc. has a 1 year low of $65.60 and a 1 year high of $78.95.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $888.88 million. During the same quarter last year, the company posted $0.75 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. Analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.53%. Donaldson’s payout ratio is 31.40%.

About Donaldson

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.