2 weeks Ago By ABMN Staff
Renaissance Technologies LLC lessened its position in shares of Donaldson Company, Inc. ( NYSE:DCI – Free Report ) by 73.2% in the fourth quarter, HoldingsChannel.
com reports. The fund owned 65,300 shares of the industrial products company’s stock after selling 178,700 shares during the period. Renaissance Technologies LLC’s holdings in Donaldson were worth $4,398,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Donaldson in the 4th quarter valued at $65,828,000. Scharf Investments LLC acquired a new position in shares of Donaldson during the fourth quarter worth $61,697,000.
Invesco Ltd. lifted its stake in shares of Donaldson by 24.7% in the 4th quarter.
Invesco Ltd. now owns 1,512,667 shares of the industrial products company’s stock valued at $101,878,000 after acquiring an additional 299,302 shares during the last quarter. Dudley & Shanley Inc.
grew its position in Donaldson by 5,118.4% during the 4th quarter. Dudley & Shanley Inc.
now owns 268,750 shares of the industrial products company’s stock worth $18,100,000 after acquiring an additional 263,600 shares during the last quarter. Finally, Swedbank AB acquired a new position in Donaldson in the 4th quarter worth about $17,471,000. Institutional investors and hedge funds own 82.
81% of the company’s stock. Analysts Set New Price Targets A number of brokerages recently issued reports on DCI. Stifel Nicolaus dropped their price objective 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 downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.
com, Donaldson has an average rating of “Hold” and an average target price of $71.33. Insider Activity at Donaldson In other news, President Thomas R.
Scalf sold 29,500 shares of the company’s stock in a transaction dated 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 owns 28,334 shares in the company, valued at approximately $1,951,929.26.
This represents a 51.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link .
Also, Director James Owens sold 18,700 shares of the business’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $62.02, for a total value of $1,159,774.
00. Following the completion of the sale, the director now directly owns 20,246 shares of the company’s stock, valued at $1,255,656.92.
The trade was a 48.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold a total of 76,700 shares of company stock worth $5,164,799 in the last 90 days. Corporate insiders own 2.70% of the company’s stock.
Donaldson Stock Performance NYSE:DCI opened at $61.80 on Tuesday. 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 fifty-two week low of $57.45 and a fifty-two week high of $78.
95. The company has a 50 day simple moving average of $66.67 and a two-hundred day simple moving average of $70.
40. The company has a market capitalization of $7.39 billion, a PE ratio of 17.
97, a P/E/G ratio of 1.82 and a beta of 1.01.
Donaldson ( NYSE:DCI – Get Free Report ) last posted its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.
85 by ($0.02). Donaldson had a return on equity of 29.
07% and a net margin of 11.56%. The firm had revenue of $870.
00 million for the quarter, compared to analyst estimates of $908.32 million. Research analysts anticipate that Donaldson Company, Inc.
will post 3.64 earnings per share for the current year. Donaldson Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th.
Stockholders of record on Thursday, February 13th were paid a $0.27 dividend. This represents a $1.
08 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Thursday, February 13th.
Donaldson’s dividend payout ratio is 31.58%. About Donaldson ( Free Report ) 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. See Also Want to see what other hedge funds are holding DCI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Donaldson Company, Inc. ( NYSE:DCI – Free Report ). Receive News & Ratings for Donaldson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Donaldson and related companies with MarketBeat.
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