Crossmark Global Holdings Inc. Has $1.04 Million Holdings in Donaldson Company, Inc. (NYSE:DCI)

Crossmark Global Holdings Inc. lessened its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,468 shares of the industrial products company’s stock after selling 875 shares during the period. Crossmark Global Holdings Inc.’s holdings in Donaldson were worth $1,036,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of DCI. TD Asset Management Inc lifted its holdings in shares of Donaldson by 215.2% during the fourth quarter. TD Asset Management Inc now owns 1,552,946 shares of the industrial products company’s stock worth $101,485,000 after purchasing an additional 1,060,232 shares during the period. Norges Bank acquired a new position in shares of Donaldson during the fourth quarter worth $57,923,000. Epoch Investment Partners Inc. lifted its holdings in shares of Donaldson by 91.0% during the fourth quarter. Epoch Investment Partners Inc. now owns 1,141,693 shares of the industrial products company’s stock worth $74,610,000 after purchasing an additional 544,008 shares during the period. Eagle Ridge Investment Management acquired a new position in shares of Donaldson during the first quarter worth $25,351,000. Finally, Confluence Investment Management LLC acquired a new position in shares of Donaldson during the first quarter worth $25,018,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Price Performance

DCI stock opened at $72.73 on Friday. Donaldson Company, Inc. has a 12-month low of $57.05 and a 12-month high of $78.03. The company has a quick ratio of 1.30, a current ratio of 1.91 and a debt-to-equity ratio of 0.32. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.90 and a beta of 1.05. The company’s fifty day simple moving average is $72.48 and its 200 day simple moving average is $72.61.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Tuesday, June 4th. The industrial products company reported $0.92 earnings per share 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 firm had revenue of $927.90 million during the quarter, compared to the consensus estimate of $915.84 million. During the same period in the previous year, the firm posted $0.76 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. On average, analysts expect that Donaldson Company, Inc. will post 3.37 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.48%. The ex-dividend date was Tuesday, August 13th. Donaldson’s dividend payout ratio (DPR) is currently 33.44%.

Analyst Ratings Changes

Several research firms recently issued reports on DCI. Stifel Nicolaus dropped their target price on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday. Robert W. Baird dropped their target price on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Finally, Raymond James began coverage on shares of Donaldson in a report on Friday, June 28th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $69.67.

Insider Buying and Selling at Donaldson

In other Donaldson news, CFO Scott J. Robinson sold 37,600 shares of Donaldson stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total value of $2,668,472.00. Following the completion of the sale, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at $2,675,710.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.58% of the company’s stock.

Donaldson Company 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.