Focus Partners Wealth Sells 44,674 Shares of Donaldson Company, Inc. (NYSE:DCI)

Focus Partners Wealth trimmed its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 76.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,774 shares of the industrial products company’s stock after selling 44,674 shares during the period. Focus Partners Wealth’s holdings in Donaldson were worth $928,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Argent Trust Co grew its holdings in Donaldson by 3.3% during the fourth quarter. Argent Trust Co now owns 4,739 shares of the industrial products company’s stock valued at $319,000 after purchasing an additional 152 shares during the period. Smartleaf Asset Management LLC grew its holdings in Donaldson by 43.2% during the fourth 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 grew its holdings in Donaldson by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company’s stock valued at $252,000 after purchasing an additional 187 shares during the period. Johnson Financial Group Inc. grew its holdings in Donaldson by 48.8% during the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 195 shares during the period. Finally, Truist Financial Corp grew its holdings in Donaldson by 4.9% during the fourth quarter. Truist Financial Corp now owns 6,199 shares of the industrial products company’s stock valued at $417,000 after purchasing an additional 290 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DCI shares. Stifel Nicolaus reduced their price target on shares of Donaldson from $70.00 to $63.00 and set a “hold” rating for the company in a report on Monday, April 14th. StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Donaldson presently has an average rating of “Hold” and an average price target of $71.33.

Insiders Place Their Bets

In other Donaldson news, President Thomas R. Scalf sold 29,500 shares of Donaldson stock in a transaction on Friday, February 28th. The shares were sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the transaction, the president now directly owns 28,334 shares of the company’s stock, valued at $1,951,929.26. The trade was a 51.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Owens sold 18,700 shares of Donaldson stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the transaction, the director now directly owns 20,246 shares in the company, valued at $1,255,656.92. This represents a 48.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,700 shares of company stock worth $5,164,799. 2.70% of the stock is currently owned by insiders.

Donaldson Trading Up 1.5%

DCI stock opened at $71.07 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The company’s 50-day simple moving average is $65.92 and its 200 day simple moving average is $69.48. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95. The company has a market capitalization of $8.49 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The firm had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. As a group, sell-side analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

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.