Sei Investments Co. Has $9.16 Million Holdings in Donaldson Company, Inc. (NYSE:DCI)

Sei Investments Co. cut its position in Donaldson Company, Inc. (NYSE:DCI) by 9.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 135,965 shares of the industrial products company’s stock after selling 13,437 shares during the period. Sei Investments Co.’s holdings in Donaldson were worth $9,157,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc grew its position in shares of Donaldson by 94.5% in the 4th quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 1,334 shares during the period. Granite Bay Wealth Management LLC bought a new position in Donaldson during the fourth quarter worth about $943,000. JPMorgan Chase & Co. increased its position in Donaldson by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock worth $32,394,000 after buying an additional 23,758 shares during the last quarter. GAMMA Investing LLC raised its stake in Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after buying an additional 206 shares during the period. Finally, Radnor Capital Management LLC boosted its stake in shares of Donaldson by 21.4% during the 4th quarter. Radnor Capital Management LLC now owns 69,820 shares of the industrial products company’s stock worth $4,702,000 after acquiring an additional 12,315 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DCI shares. Robert W. Baird increased their price target on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Morgan Stanley raised their target price on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. Finally, StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Donaldson currently has a consensus rating of “Hold” and a consensus price target of $74.00.

Donaldson Stock Down 2.5 %

Shares of DCI opened at $67.01 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 12 month low of $65.10 and a 12 month high of $78.95. The firm’s 50 day moving average is $69.47 and its 200-day moving average is $71.59. The stock has a market capitalization of $8.01 billion, a PE ratio of 19.48, a P/E/G ratio of 1.82 and a beta of 1.04.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The company had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. Equities research analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.61%. Donaldson’s payout ratio is 31.58%.

Insider Buying and Selling at Donaldson

In related news, President Thomas R. Scalf sold 28,500 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the sale, the president now directly owns 28,334 shares in the company, valued at $1,961,279.48. This represents a 50.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Trudy A. Rautio sold 14,000 shares of the firm’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 sale, the director now directly owns 26,420 shares in the company, valued at $1,785,992. This trade represents a 34.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,000 shares of company stock valued at $4,951,425 in the last ninety days. 2.70% of the stock is currently owned by company insiders.

Donaldson 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.