Mutual of America Capital Management LLC Has $4.41 Million Position in Donaldson Company, Inc. $DCI

Mutual of America Capital Management LLC trimmed its position in Donaldson Company, Inc. (NYSE:DCI) by 9.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,813 shares of the industrial products company’s stock after selling 5,623 shares during the period. Mutual of America Capital Management LLC’s holdings in Donaldson were worth $4,405,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. True Wealth Design LLC boosted its position in shares of Donaldson by 203.7% during the third quarter. True Wealth Design LLC now owns 325 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 218 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Donaldson by 5,112.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 417 shares of the industrial products company’s stock worth $29,000 after buying an additional 409 shares during the period. SJS Investment Consulting Inc. lifted its holdings in Donaldson by 3,680.0% during the third quarter. SJS Investment Consulting Inc. now owns 378 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 368 shares in the last quarter. NewSquare Capital LLC acquired a new position in Donaldson in the second quarter valued at about $34,000. Finally, Hoese & Co LLP increased its holdings in shares of Donaldson by 266.7% in the second quarter. Hoese & Co LLP now owns 660 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 480 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Donaldson Stock Performance

Shares of NYSE DCI opened at $103.23 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.39 and a current ratio of 2.15. The stock has a 50 day moving average price of $93.66 and a 200 day moving average price of $84.22. The stock has a market capitalization of $11.91 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 2.51 and a beta of 0.99. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $103.78.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Wednesday, December 3rd. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. Donaldson had a return on equity of 30.24% and a net margin of 10.25%.The company had revenue of $935.40 million during the quarter, compared to the consensus estimate of $922.68 million. During the same quarter in the prior year, the firm posted $0.83 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. Analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, February 12th. Donaldson’s dividend payout ratio (DPR) is 37.38%.

Insider Activity

In other Donaldson news, CFO Bradley J. Pogalz sold 566 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $91.57, for a total transaction of $51,828.62. Following the transaction, the chief financial officer owned 434 shares of the company’s stock, valued at $39,741.38. The trade was a 56.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ajita G. Rajendra sold 19,800 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $92.04, for a total value of $1,822,392.00. Following the completion of the sale, the director owned 43,993 shares in the company, valued at $4,049,115.72. This represents a 31.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DCI. Morgan Stanley upgraded Donaldson from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $72.00 to $84.00 in a report on Monday, November 24th. Robert W. Baird set a $100.00 price target on shares of Donaldson in a report on Friday, December 5th. Stifel Nicolaus increased their price objective on shares of Donaldson from $90.00 to $96.00 and gave the stock a “hold” rating in a research report on Friday, December 5th. Jefferies Financial Group raised shares of Donaldson from a “hold” rating to a “buy” rating and boosted their price objective for the company from $92.00 to $120.00 in a research report on Friday, January 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Donaldson in a report on Friday, January 9th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Donaldson currently has an average rating of “Moderate Buy” and an average price target of $100.00.

Donaldson Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.