LS Investment Advisors LLC Sells 2,113 Shares of Donaldson Company, Inc. (DCI)

LS Investment Advisors LLC lowered its stake in Donaldson Company, Inc. (NYSE:DCI) by 20.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,238 shares of the industrial products company’s stock after selling 2,113 shares during the period. LS Investment Advisors LLC’s holdings in Donaldson were worth $403,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DCI. Oppenheimer & Co. Inc. lifted its stake in shares of Donaldson by 117.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 9,998 shares of the industrial products company’s stock worth $489,000 after purchasing an additional 5,396 shares during the period. Swiss National Bank lifted its stake in shares of Donaldson by 1.1% during the 4th quarter. Swiss National Bank now owns 212,100 shares of the industrial products company’s stock worth $10,382,000 after purchasing an additional 2,400 shares during the period. California Public Employees Retirement System lifted its stake in shares of Donaldson by 4.0% during the 4th quarter. California Public Employees Retirement System now owns 319,328 shares of the industrial products company’s stock worth $15,631,000 after purchasing an additional 12,155 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Donaldson by 308.1% during the 4th quarter. Teacher Retirement System of Texas now owns 42,347 shares of the industrial products company’s stock worth $2,073,000 after purchasing an additional 31,970 shares during the period. Finally, SFE Investment Counsel lifted its stake in shares of Donaldson by 8.4% during the 4th quarter. SFE Investment Counsel now owns 87,212 shares of the industrial products company’s stock worth $4,269,000 after purchasing an additional 6,780 shares during the period. 77.23% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Company, Inc. (NYSE:DCI) opened at $48.12 on Friday. Donaldson Company, Inc. has a 52 week low of $41.71 and a 52 week high of $52.20. The firm has a market capitalization of $6,251.17, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 2.17 and a beta of 1.10. The company has a current ratio of 2.90, a quick ratio of 2.13 and a debt-to-equity ratio of 0.72.

Donaldson (NYSE:DCI) last issued its earnings results on Thursday, November 30th. The industrial products company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. The business had revenue of $644.80 million for the quarter, compared to analyst estimates of $602.02 million. Donaldson had a return on equity of 28.49% and a net margin of 9.57%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the company posted ($0.05) EPS. sell-side analysts expect that Donaldson Company, Inc. will post 2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Wednesday, February 14th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Tuesday, February 13th. Donaldson’s dividend payout ratio (DPR) is currently 40.68%.

DCI has been the topic of a number of recent analyst reports. Jefferies Group reissued a “buy” rating and set a $57.00 price target on shares of Donaldson in a research note on Friday, December 1st. Zacks Investment Research raised Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Monday, November 27th. Stifel Nicolaus reissued a “hold” rating and set a $53.00 price target (up previously from $50.00) on shares of Donaldson in a research note on Tuesday, January 16th. Oppenheimer reissued a “hold” rating on shares of Donaldson in a research note on Monday, December 18th. Finally, SunTrust Banks reissued a “hold” rating and set a $50.00 price target on shares of Donaldson in a research note on Friday, December 1st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $52.00.

In related news, insider Melissa A. Osland sold 1,453 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $48.26, for a total value of $70,121.78. Following the transaction, the insider now directly owns 4,174 shares of the company’s stock, valued at approximately $201,437.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.09% of the company’s stock.

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Donaldson Company Profile

Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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