Allspring Global Investments Holdings LLC Sells 110,475 Shares of Donaldson Company, Inc. (NYSE:DCI)

Allspring Global Investments Holdings LLC lessened its position in Donaldson Company, Inc. (NYSE:DCI) by 10.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 961,288 shares of the industrial products company’s stock after selling 110,475 shares during the period. Allspring Global Investments Holdings LLC owned 0.80% of Donaldson worth $64,685,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Franklin Resources Inc. grew its holdings in Donaldson by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company’s stock worth $220,380,000 after acquiring an additional 73,234 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Donaldson by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock valued at $180,522,000 after purchasing an additional 118,156 shares in the last quarter. Scharf Investments LLC bought a new stake in shares of Donaldson during the 4th quarter valued at about $61,697,000. Mcdaniel Terry & Co. boosted its stake in shares of Donaldson by 0.8% during the 3rd quarter. Mcdaniel Terry & Co. now owns 513,333 shares of the industrial products company’s stock valued at $37,833,000 after purchasing an additional 4,092 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Donaldson by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock valued at $32,394,000 after purchasing an additional 23,758 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Donaldson Trading Up 0.5 %

Shares of NYSE DCI opened at $70.18 on Friday. Donaldson Company, Inc. has a 1 year low of $65.91 and a 1 year high of $78.95. The stock has a market cap of $8.38 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06. The firm has a 50-day moving average of $69.79 and a 200 day moving average of $72.40. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20.

Donaldson (NYSE:DCI) last issued its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. The business had revenue of $900.10 million during the quarter, compared to analysts’ expectations of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share. As a group, sell-side analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.27 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.54%. Donaldson’s payout ratio is 31.40%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research note on Wednesday, December 4th. Robert W. Baird lifted their target price on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $74.00.

Insider Activity

In related news, Director Trudy A. Rautio sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the sale, the director now directly owns 26,420 shares in the company, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.70% of the stock is owned by corporate insiders.

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.