Gabelli Funds LLC Lowers Stake in Donaldson Company, Inc. (DCI)

Gabelli Funds LLC decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 2.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,106,700 shares of the company’s stock after selling 27,093 shares during the period. Gabelli Funds LLC’s holdings in Donaldson Company were worth $46,570,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DCI. BlackRock Inc. boosted its position in shares of Donaldson Company by 11.7% in the third quarter. BlackRock Inc. now owns 202,918 shares of the company’s stock worth $7,575,000 after buying an additional 21,308 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Donaldson Company by 1.8% in the third quarter. Bank of Montreal Can now owns 86,845 shares of the company’s stock worth $3,242,000 after buying an additional 1,571 shares in the last quarter. BlackRock Investment Management LLC boosted its position in shares of Donaldson Company by 5.7% in the third quarter. BlackRock Investment Management LLC now owns 374,617 shares of the company’s stock worth $13,984,000 after buying an additional 20,052 shares in the last quarter. BlackRock Advisors LLC boosted its position in shares of Donaldson Company by 2.6% in the third quarter. BlackRock Advisors LLC now owns 71,703 shares of the company’s stock worth $2,677,000 after buying an additional 1,819 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Donaldson Company by 7.6% in the third quarter. Arizona State Retirement System now owns 54,947 shares of the company’s stock worth $2,051,000 after buying an additional 3,900 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Donaldson Company (NYSE:DCI)

Shares of Donaldson Company, Inc. (NYSE:DCI) traded down 0.99% during mid-day trading on Tuesday, reaching $41.97. The company had a trading volume of 323,437 shares. The stock has a market capitalization of $5.54 billion, a P/E ratio of 26.90 and a beta of 0.98. The firm has a 50 day moving average of $42.19 and a 200-day moving average of $39.30. Donaldson Company, Inc. has a one year low of $27.65 and a one year high of $46.29.

Donaldson Company (NYSE:DCI) last issued its quarterly earnings data on Thursday, December 1st. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.35 by $0.03. Donaldson Company had a return on equity of 27.42% and a net margin of 9.41%. The firm earned $553 million during the quarter, compared to analyst estimates of $535.65 million. During the same quarter in the prior year, the business posted $0.34 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Analysts forecast that Donaldson Company, Inc. will post ($0.38) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 3rd. Stockholders of record on Tuesday, February 14th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, February 10th. This represents a $0.70 annualized dividend and a dividend yield of 1.67%. Donaldson Company’s dividend payout ratio is presently 44.87%.

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A number of research analysts have recently commented on DCI shares. Zacks Investment Research cut Donaldson Company from a “buy” rating to a “hold” rating in a research report on Wednesday, February 1st. CL King cut Donaldson Company from a “buy” rating to a “neutral” rating in a research report on Friday, December 2nd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Donaldson Company has an average rating of “Hold” and an average price target of $41.25.

In other news, insider Melissa A. Osland sold 642 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $42.14, for a total transaction of $27,053.88. Following the completion of the sale, the insider now owns 3,813 shares in the company, valued at approximately $160,679.82. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.88% of the company’s stock.

Donaldson Company Company Profile

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 42 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.

5 Day Chart for NYSE:DCI

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).

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