Tocqueville Asset Management L.P. Has $1.87 Million Position in Donaldson Company, Inc. (NYSE:DCI)

Tocqueville Asset Management L.P. lessened its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & 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 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 business. Smartleaf Asset Management LLC boosted its holdings in shares of Donaldson by 43.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 180 shares during the period. Venturi Wealth Management LLC boosted its stake in Donaldson by 89.6% in the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 369 shares during the period. GAMMA Investing LLC grew its holdings in Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after buying an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Donaldson by 45.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock worth $77,000 after buying an additional 353 shares during the period. Finally, Kentucky Trust Co acquired a new stake in shares of Donaldson during the fourth quarter worth $105,000. Institutional investors own 82.81% of the company’s stock.

Donaldson Stock Performance

Shares of NYSE:DCI opened at $68.95 on Thursday. Donaldson Company, Inc. has a 1 year low of $65.10 and a 1 year high of $78.95. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The company’s 50 day simple moving average is $69.55 and its 200 day simple moving average is $71.71.

Donaldson (NYSE:DCI) last announced 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 business had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. As a group, research analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Thursday, February 13th. Donaldson’s dividend payout ratio (DPR) is currently 31.58%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Robert W. Baird raised their price target on shares of Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Morgan Stanley lifted their price target on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. Finally, StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $74.00.

Insider Activity

In related news, Director Trudy A. Rautio sold 14,000 shares of the 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 sale, the director now directly owns 26,420 shares in the company, valued at $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Thomas R. Scalf sold 29,500 shares of Donaldson stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $68.89, for a total value of $2,032,255.00. Following the transaction, the president now directly owns 28,334 shares in the company, valued at $1,951,929.26. The trade was a 51.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,000 shares of company stock valued at $4,951,425 over the last quarter. 2.70% of the stock is owned by company insiders.

Donaldson 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.