Crossmark Global Holdings Inc. Cuts Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Crossmark Global Holdings Inc. lowered its stake in shares of Donaldson Company, Inc. (NYSE:DCIFree Report) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,580 shares of the industrial products company’s stock after selling 530 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Donaldson were worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Fortitude Family Office LLC purchased a new stake in shares of Donaldson during the fourth quarter worth $27,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Donaldson during the third quarter worth $27,000. Lindbrook Capital LLC increased its position in shares of Donaldson by 58.2% during the fourth quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 174 shares during the period. Blue Trust Inc. increased its position in shares of Donaldson by 65.5% during the fourth quarter. Blue Trust Inc. now owns 753 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 298 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in shares of Donaldson during the fourth quarter worth $55,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on DCI. Robert W. Baird lowered their target price on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Donaldson currently has an average rating of “Hold” and a consensus target price of $67.25.

Check Out Our Latest Analysis on Donaldson

Insider Buying and Selling at Donaldson

In other news, insider Sheila G. Kramer sold 45,500 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $73.52, for a total value of $3,345,160.00. Following the completion of the sale, the insider now directly owns 23,171 shares of the company’s stock, valued at $1,703,531.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Sheila G. Kramer sold 45,500 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $73.52, for a total value of $3,345,160.00. Following the completion of the sale, the insider now directly owns 23,171 shares of the company’s stock, valued at $1,703,531.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Willard D. Oberton sold 4,500 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total transaction of $330,930.00. Following the completion of the sale, the director now directly owns 27,685 shares of the company’s stock, valued at $2,035,954.90. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by insiders.

Donaldson Stock Performance

NYSE DCI opened at $73.20 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 0.99. Donaldson Company, Inc. has a 1 year low of $57.05 and a 1 year high of $78.03. The company has a market capitalization of $8.81 billion, a PE ratio of 22.66, a P/E/G ratio of 2.07 and a beta of 1.06. The company has a fifty day moving average of $73.64 and a two-hundred day moving average of $68.98.

Donaldson (NYSE:DCIGet Free Report) last released its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $915.84 million. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Donaldson’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, analysts expect that Donaldson Company, Inc. will post 3.37 earnings per share for the current year.

Donaldson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Monday, June 17th. This is an increase from Donaldson’s previous quarterly dividend of $0.25. Donaldson’s dividend payout ratio is currently 30.96%.

About Donaldson

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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