Great Waters Wealth Management Cuts Position in Donaldson Company, Inc. (NYSE:DCI)

Great Waters Wealth Management lowered its position in Donaldson Company, Inc. (NYSE:DCI) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,319 shares of the industrial products company’s stock after selling 554 shares during the quarter. Donaldson makes up about 0.3% of Great Waters Wealth Management’s holdings, making the stock its 24th biggest holding. Great Waters Wealth Management’s holdings in Donaldson were worth $2,109,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DCI. Sendero Wealth Management LLC boosted its position in shares of Donaldson by 20.9% during the 4th quarter. Sendero Wealth Management LLC now owns 10,746 shares of the industrial products company’s stock worth $724,000 after acquiring an additional 1,860 shares in the last quarter. Radnor Capital Management LLC lifted its stake in Donaldson by 21.4% during the fourth quarter. Radnor Capital Management LLC now owns 69,820 shares of the industrial products company’s stock worth $4,702,000 after purchasing an additional 12,315 shares during the last quarter. Covea Finance increased its stake in Donaldson by 37.5% in the fourth quarter. Covea Finance now owns 44,000 shares of the industrial products company’s stock valued at $2,963,000 after purchasing an additional 12,000 shares during the last quarter. Oak Thistle LLC acquired a new stake in Donaldson during the fourth quarter worth approximately $289,000. Finally, Signal Advisors Wealth LLC lifted its position in shares of Donaldson by 5.6% during the 4th quarter. Signal Advisors Wealth LLC now owns 4,709 shares of the industrial products company’s stock worth $317,000 after buying an additional 249 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Performance

DCI opened at $71.17 on Tuesday. Donaldson Company, Inc. has a 1-year low of $62.98 and a 1-year high of $78.95. The stock has a market cap of $8.50 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.86 and a beta of 1.06. The stock’s 50 day simple moving average is $71.79 and its 200 day simple moving average is $72.61. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20.

Donaldson (NYSE:DCI) last posted its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. The company had revenue of $900.10 million for the quarter, compared to analyst estimates of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. Donaldson’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. As a group, equities analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Monday, December 9th. Donaldson’s dividend payout ratio (DPR) is presently 31.40%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DCI shares. Robert W. Baird upped their price objective on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 13th. Finally, Morgan Stanley lifted their price target on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $74.00.

Insider Buying and Selling at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the completion of the transaction, the director now owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.70% of the company’s stock.

About Donaldson

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.