M&T Bank Corp Has $1.68 Million Position in Donaldson Company, Inc. (NYSE:DCI)

M&T Bank Corp cut its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,002 shares of the industrial products company’s stock after selling 249 shares during the period. M&T Bank Corp’s holdings in Donaldson were worth $1,684,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Atria Investments Inc raised its stake in shares of Donaldson by 49.7% during the fourth quarter. Atria Investments Inc now owns 13,926 shares of the industrial products company’s stock valued at $938,000 after acquiring an additional 4,625 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Donaldson by 84.4% in the fourth quarter. Jones Financial Companies Lllp now owns 13,786 shares of the industrial products company’s stock valued at $928,000 after purchasing an additional 6,308 shares during the period. Smartleaf Asset Management LLC raised its position in Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 180 shares during the last quarter. Versor Investments LP lifted its holdings in Donaldson by 41.1% during the 4th quarter. Versor Investments LP now owns 7,900 shares of the industrial products company’s stock worth $532,000 after buying an additional 2,300 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in shares of Donaldson in the 4th quarter valued at about $1,311,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Donaldson Stock Up 0.6 %

Shares of NYSE:DCI opened at $69.84 on Monday. The business’s 50-day moving average is $69.38 and its 200-day moving average is $71.97. Donaldson Company, Inc. has a 1 year low of $65.10 and a 1 year high of $78.95. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 1.82 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20.

Donaldson (NYSE:DCI) last posted its quarterly 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). The business had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. Equities research analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Thursday, February 13th. Donaldson’s payout ratio is 31.58%.

Insider Buying and Selling at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 29,500 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $68.89, for a total value of $2,032,255.00. Following the completion of the sale, the president now owns 28,334 shares of the company’s stock, valued at approximately $1,951,929.26. This trade represents a 51.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Trudy A. Rautio sold 14,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 26,420 shares in the company, valued at $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

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.