Tocqueville Asset Management L.P. Sells 1,468 Shares of Donaldson Company, Inc. (NYSE:DCI)

Tocqueville Asset Management L.P. lowered its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,719 shares of the industrial products company’s stock after selling 1,468 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Donaldson were worth $1,867,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in shares of Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock worth $40,000 after buying an additional 180 shares during the period. Venturi Wealth Management LLC grew its holdings in Donaldson by 89.6% in the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 369 shares during the period. GAMMA Investing LLC increased its stake in Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Donaldson by 45.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 353 shares during the period. Finally, Kentucky Trust Co bought a new position in shares of Donaldson during the 4th quarter worth about $105,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Donaldson

In related news, President Thomas R. Scalf sold 29,500 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the completion of the sale, the president now directly owns 28,334 shares of the company’s stock, valued at approximately $1,951,929.26. This trade represents a 51.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Trudy A. Rautio sold 14,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total value of $946,400.00. Following the completion of the transaction, the director now directly owns 26,420 shares in the company, valued at approximately $1,785,992. This represents a 34.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,000 shares of company stock worth $4,951,425. Insiders own 2.70% of the company’s stock.

Donaldson Stock Performance

Shares of Donaldson stock opened at $68.95 on Thursday. Donaldson Company, Inc. has a 52 week low of $65.10 and a 52 week high of $78.95. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average price of $69.55 and a 200-day moving average price of $71.71. The company has a market cap of $8.24 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04.

Donaldson (NYSE:DCI) last issued 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). The company had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Equities analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Thursday, February 13th. Donaldson’s payout ratio is 31.58%.

Analysts Set New Price Targets

A number of research firms recently weighed in on DCI. Robert W. Baird upped their price target on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Finally, Morgan Stanley boosted their price target 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $74.00.

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.