Bank of Montreal Can Sells 38,278 Shares of Donaldson Company, Inc. (NYSE:DCI)

Bank of Montreal Can lessened its holdings in Donaldson Company, Inc. (NYSE:DCI) by 51.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,950 shares of the industrial products company’s stock after selling 38,278 shares during the quarter. Bank of Montreal Can’s holdings in Donaldson were worth $2,421,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in Donaldson by 43.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 180 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Donaldson by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company’s stock valued at $252,000 after buying an additional 187 shares during the period. GAMMA Investing LLC grew its position in Donaldson by 28.7% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock worth $62,000 after buying an additional 206 shares in the last quarter. Signal Advisors Wealth LLC grew its position in Donaldson by 5.6% during the fourth 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 in the last quarter. Finally, Truist Financial Corp increased its stake in Donaldson by 4.9% during the 4th quarter. Truist Financial Corp now owns 6,199 shares of the industrial products company’s stock worth $417,000 after acquiring an additional 290 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DCI has been the topic of several analyst reports. StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Stifel Nicolaus reduced their price objective on shares of Donaldson from $70.00 to $63.00 and set a “hold” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Donaldson has a consensus rating of “Hold” and an average target price of $71.33.

Insider Transactions at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 29,500 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $68.89, for a total value of $2,032,255.00. Following the completion of the transaction, the president now directly owns 28,334 shares in the company, valued at approximately $1,951,929.26. This trade represents a 51.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Owens sold 18,700 shares of the business’s stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the sale, the director now owns 20,246 shares in the company, valued at approximately $1,255,656.92. This trade represents a 48.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,700 shares of company stock worth $5,164,799. Corporate insiders own 2.70% of the company’s stock.

Donaldson Price Performance

Donaldson stock opened at $62.58 on Thursday. The stock has a fifty day moving average of $67.15 and a 200-day moving average of $70.67. The stock has a market capitalization of $7.48 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95.

Donaldson (NYSE:DCI) last posted its earnings results 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 during 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%. On average, sell-side analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.73%. Donaldson’s dividend payout ratio (DPR) is presently 31.58%.

Donaldson Company 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.