Point72 Hong Kong Ltd Sells 17,605 Shares of Donaldson Company, Inc. (NYSE:DCI)

Point72 Hong Kong Ltd trimmed its stake in Donaldson Company, Inc. (NYSE:DCI) by 46.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,023 shares of the industrial products company’s stock after selling 17,605 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Donaldson were worth $1,476,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. UMB Bank n.a. raised its position in shares of Donaldson by 359.2% in the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 273 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Donaldson by 1,372.2% in the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock worth $38,000 after buying an additional 494 shares in the last quarter. Mather Group LLC. grew its holdings in shares of Donaldson by 408.1% during the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after buying an additional 404 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Donaldson during the third quarter valued at approximately $41,000. Finally, V Square Quantitative Management LLC increased its position in shares of Donaldson by 52.0% during the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 207 shares in the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Stifel Nicolaus dropped their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $69.67.

Insider Buying and Selling at Donaldson

In other news, Director Willard D. Oberton sold 2,700 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $73.37, for a total value of $198,099.00. Following the completion of the sale, the director now directly owns 27,983 shares in the company, valued at $2,053,112.71. This represents a 8.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Tod E. Carpenter sold 30,919 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $72.69, for a total value of $2,247,502.11. Following the completion of the transaction, the chief executive officer now directly owns 256,742 shares in the company, valued at $18,662,575.98. This trade represents a 10.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 167,805 shares of company stock worth $12,310,222 in the last three months. 2.70% of the stock is currently owned by company insiders.

Donaldson Price Performance

Shares of DCI opened at $78.05 on Monday. The firm has a fifty day simple moving average of $75.02 and a two-hundred day simple moving average of $73.42. The firm has a market cap of $9.35 billion, a PE ratio of 23.09, a P/E/G ratio of 2.05 and a beta of 1.04. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. Donaldson Company, Inc. has a 1-year low of $59.78 and a 1-year high of $78.95.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.27 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.08 annualized dividend and a yield of 1.38%. Donaldson’s payout ratio is 31.95%.

Donaldson Company Profile

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.