ProShare Advisors LLC Lowers Position in Donaldson Company, Inc. $DCI

ProShare Advisors LLC decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 5.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 490,701 shares of the industrial products company’s stock after selling 26,832 shares during the quarter. ProShare Advisors LLC owned 0.42% of Donaldson worth $40,164,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. True Wealth Design LLC grew its position in Donaldson by 203.7% during the third quarter. True Wealth Design LLC now owns 325 shares of the industrial products company’s stock valued at $27,000 after buying an additional 218 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Donaldson by 5,112.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 417 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 409 shares in the last quarter. SJS Investment Consulting Inc. boosted its stake in shares of Donaldson by 3,680.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 378 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 368 shares in the last quarter. NewSquare Capital LLC acquired a new stake in shares of Donaldson during the 2nd quarter valued at about $34,000. Finally, Hoese & Co LLP increased its stake in shares of Donaldson by 266.7% in the 2nd quarter. Hoese & Co LLP now owns 660 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 480 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Up 0.2%

NYSE DCI opened at $109.25 on Tuesday. The business has a fifty day moving average price of $95.94 and a 200 day moving average price of $86.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.39 and a current ratio of 2.15. The company has a market cap 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. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $109.88.

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

Donaldson Dividend Announcement

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

Insider Activity at Donaldson

In other Donaldson news, CFO Bradley J. Pogalz sold 566 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $91.57, for a total transaction of $51,828.62. Following the transaction, the chief financial officer owned 434 shares of the company’s stock, valued at approximately $39,741.38. The trade was a 56.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ajita G. Rajendra sold 19,800 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $92.04, for a total value of $1,822,392.00. Following the completion of the sale, the director owned 43,993 shares of the company’s stock, valued at approximately $4,049,115.72. The trade was a 31.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

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

About Donaldson

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.