Thrivent Financial for Lutherans Cuts Stock Position in Donaldson Company, Inc. $DCI

Thrivent Financial for Lutherans decreased its holdings in Donaldson Company, Inc. (NYSE:DCI) by 17.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,642 shares of the industrial products company’s stock after selling 7,573 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Donaldson were worth $2,998,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Verdence Capital Advisors LLC lifted its holdings in Donaldson by 1.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 8,502 shares of the industrial products company’s stock worth $711,000 after buying an additional 131 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Donaldson by 2.2% in the second quarter. Janney Montgomery Scott LLC now owns 7,291 shares of the industrial products company’s stock valued at $506,000 after acquiring an additional 160 shares in the last quarter. Renaissance Group LLC boosted its holdings in Donaldson by 2.2% in the second quarter. Renaissance Group LLC now owns 7,560 shares of the industrial products company’s stock valued at $524,000 after purchasing an additional 161 shares during the period. MGO One Seven LLC grew its stake in Donaldson by 2.5% during the 2nd quarter. MGO One Seven LLC now owns 8,257 shares of the industrial products company’s stock worth $573,000 after purchasing an additional 200 shares in the last quarter. Finally, State of Michigan Retirement System increased its holdings in Donaldson by 0.7% during the 2nd quarter. State of Michigan Retirement System now owns 28,758 shares of the industrial products company’s stock worth $1,994,000 after purchasing an additional 200 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Robert W. Baird set a $110.00 price objective on Donaldson in a research note on Monday, February 2nd. Jefferies Financial Group raised their target price on shares of Donaldson to $123.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Stifel Nicolaus lifted their price target on shares of Donaldson from $90.00 to $96.00 and gave the stock a “hold” rating in a research note on Friday, December 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Donaldson in a research report on Friday, January 9th. Finally, Morgan Stanley upgraded shares of Donaldson from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $72.00 to $84.00 in a report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Donaldson presently has an average rating of “Moderate Buy” and a consensus target price of $103.25.

Donaldson Stock Performance

Shares of Donaldson stock opened at $109.25 on Tuesday. The firm has a market capitalization of $12.60 billion, a P/E ratio of 34.03, a P/E/G ratio of 2.70 and a beta of 1.00. The company has a quick ratio of 1.39, a current ratio of 2.15 and a debt-to-equity ratio of 0.44. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $109.88. The firm’s 50 day moving average is $95.94 and its two-hundred day moving average is $86.14.

Donaldson (NYSE:DCI) last issued its earnings results on Wednesday, December 3rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.01. Donaldson had a net margin of 10.25% and a return on equity of 30.24%. The business had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $922.68 million. During the same quarter in the prior year, the business posted $0.83 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Research analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, February 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.1%. Donaldson’s payout ratio is 37.38%.

Insider Activity

In related news, CFO Bradley J. Pogalz sold 566 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $91.57, for a total value of $51,828.62. Following the completion of the sale, the chief financial officer directly owned 434 shares of the company’s stock, valued at $39,741.38. This represents a 56.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ajita G. Rajendra sold 19,800 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $92.04, for a total value of $1,822,392.00. Following the transaction, the director owned 43,993 shares in the company, valued at $4,049,115.72. This represents a 31.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.20% of the stock is currently owned by insiders.

Donaldson Company Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.