Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Eagle Ridge Investment Management

Eagle Ridge Investment Management lowered its position in Donaldson Company, Inc. (NYSE:DCI) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 341,056 shares of the industrial products company’s stock after selling 2,827 shares during the quarter. Donaldson accounts for approximately 2.0% of Eagle Ridge Investment Management’s holdings, making the stock its 20th largest holding. Eagle Ridge Investment Management’s holdings in Donaldson were worth $22,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of the company. GHP Investment Advisors Inc. grew its holdings in shares of Donaldson by 5.6% in the 4th quarter. GHP Investment Advisors Inc. now owns 47,055 shares of the industrial products company’s stock worth $3,169,000 after acquiring an additional 2,506 shares during the period. Longboard Asset Management LP acquired a new stake in shares of Donaldson in the 4th quarter worth approximately $201,000. Trust Point Inc. grew its holdings in shares of Donaldson by 10.0% in the 4th quarter. Trust Point Inc. now owns 6,548 shares of the industrial products company’s stock worth $441,000 after acquiring an additional 597 shares during the period. Willis Investment Counsel grew its holdings in shares of Donaldson by 2.9% in the 4th quarter. Willis Investment Counsel now owns 18,874 shares of the industrial products company’s stock worth $1,271,000 after acquiring an additional 530 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Donaldson in the 4th quarter worth approximately $4,960,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

DCI has been the topic of a number of recent research reports. Robert W. Baird upped their target price on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 31st. Finally, Morgan Stanley upped their target price on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $74.00.

Donaldson Price Performance

DCI stock opened at $70.72 on Friday. Donaldson Company, Inc. has a 1 year low of $65.60 and a 1 year high of $78.95. The firm has a market cap of $8.45 billion, a P/E ratio of 20.56, a PEG ratio of 1.86 and a beta of 1.06. The stock’s 50 day moving average price is $70.26 and its 200 day moving average price is $72.51. 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 (NYSE:DCI) last issued its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The company had revenue of $900.10 million for the quarter, compared to analyst estimates of $888.88 million. During the same quarter in the prior year, the company posted $0.75 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, sell-side analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Thursday, February 13th. Donaldson’s dividend payout ratio is presently 31.40%.

Insiders Place Their Bets

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the transaction, the director now owns 26,420 shares of the company’s stock, valued at $1,785,992. This represents a 34.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate 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.