Ironwood Investment Counsel LLC Has $683,000 Position in Donaldson Company, Inc. (NYSE:DCI)

Ironwood Investment Counsel LLC lessened its stake in Donaldson Company, Inc. (NYSE:DCI) by 6.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,139 shares of the industrial products company’s stock after selling 680 shares during the period. Ironwood Investment Counsel LLC’s holdings in Donaldson were worth $683,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its position in shares of Donaldson by 5.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 37,032 shares of the industrial products company’s stock valued at $2,494,000 after buying an additional 1,959 shares during the last quarter. Vestcor Inc grew its position in shares of Donaldson by 181.6% in the 4th quarter. Vestcor Inc now owns 32,717 shares of the industrial products company’s stock valued at $2,203,000 after buying an additional 21,097 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Donaldson by 45.0% in the 4th 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 last quarter. Wealthfront Advisers LLC bought a new stake in shares of Donaldson during the 4th quarter valued at about $331,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Donaldson by 8.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,791 shares of the industrial products company’s stock valued at $1,872,000 after purchasing an additional 2,236 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Insider Buying and Selling at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 29,500 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the completion of the transaction, the president now directly owns 28,334 shares of the company’s stock, valued at approximately $1,951,929.26. This represents a 51.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were 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 of the company’s stock, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DCI shares. Morgan Stanley upped their price target on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Finally, Robert W. Baird upped their price target on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Donaldson presently has an average rating of “Hold” and a consensus price target of $74.00.

Donaldson Stock Performance

Shares of Donaldson stock opened at $68.51 on Friday. The company has a market cap of $8.19 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. Donaldson Company, Inc. has a 52 week low of $65.10 and a 52 week high of $78.95. The business has a 50 day moving average price of $69.48 and a 200-day moving average price of $71.80. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 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 analysts’ expectations of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Equities analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson’s payout ratio is 31.58%.

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.