BTIM Corp. Sells 13,831 Shares of Donaldson Company, Inc. (DCI)

BTIM Corp. cut its holdings in Donaldson Company, Inc. (NYSE:DCI) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,148,633 shares of the industrial products company’s stock after selling 13,831 shares during the quarter. BTIM Corp.’s holdings in Donaldson were worth $56,226,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Donaldson by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 12,319,252 shares of the industrial products company’s stock worth $561,018,000 after buying an additional 166,412 shares during the period. FMR LLC grew its position in shares of Donaldson by 1.9% in the 2nd quarter. FMR LLC now owns 1,901,024 shares of the industrial products company’s stock worth $86,573,000 after buying an additional 34,711 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Donaldson by 2.4% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,885,348 shares of the industrial products company’s stock worth $86,613,000 after buying an additional 43,552 shares during the period. Janus Henderson Group PLC grew its position in shares of Donaldson by 163.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,479,606 shares of the industrial products company’s stock worth $67,381,000 after buying an additional 918,729 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Donaldson by 3.3% in the 3rd quarter. American Century Companies Inc. now owns 1,243,915 shares of the industrial products company’s stock worth $57,145,000 after buying an additional 39,938 shares during the period. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Melissa A. Osland sold 1,453 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $48.26, for a total transaction of $70,121.78. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.09% of the company’s stock.

DCI has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Donaldson from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Oppenheimer reaffirmed a “hold” rating on shares of Donaldson in a research report on Friday, December 1st. Jefferies Group reaffirmed a “buy” rating and issued a $54.00 target price on shares of Donaldson in a research report on Tuesday, October 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $53.00 target price (up from $50.00) on shares of Donaldson in a research report on Tuesday, January 16th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $50.00 target price on shares of Donaldson in a research report on Friday, December 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Donaldson presently has an average rating of “Hold” and an average target price of $52.20.

Shares of Donaldson Company, Inc. (NYSE:DCI) traded down $0.27 during mid-day trading on Monday, reaching $51.47. 251,118 shares of the company traded hands, compared to its average volume of 441,919. Donaldson Company, Inc. has a one year low of $41.46 and a one year high of $52.20. The stock has a market cap of $6,721.42, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 2.34 and a beta of 1.21. The company has a quick ratio of 2.13, a current ratio of 2.90 and a debt-to-equity ratio of 0.72.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, November 30th. The industrial products company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.04. Donaldson had a net margin of 9.57% and a return on equity of 28.49%. The company had revenue of $644.80 million for the quarter, compared to the consensus estimate of $602.02 million. During the same period in the prior year, the firm posted ($0.05) EPS. Donaldson’s revenue for the quarter was up 16.6% on a year-over-year basis. analysts anticipate that Donaldson Company, Inc. will post 2 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Wednesday, February 14th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.40%. Donaldson’s dividend payout ratio (DPR) is 40.68%.

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About Donaldson

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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