Bank of New York Mellon Corp Sells 122,557 Shares of Donaldson Company, Inc. (DCI)

Bank of New York Mellon Corp reduced its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,818,444 shares of the industrial products company’s stock after selling 122,557 shares during the quarter. Bank of New York Mellon Corp’s holdings in Donaldson were worth $78,902,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of DCI. Highwater Wealth Management LLC purchased a new stake in shares of Donaldson during the fourth quarter worth about $27,000. Penserra Capital Management LLC purchased a new stake in shares of Donaldson during the fourth quarter worth about $34,000. Enlightenment Research LLC purchased a new stake in shares of Donaldson during the fourth quarter worth about $48,000. Clean Yield Group purchased a new stake in shares of Donaldson during the fourth quarter worth about $52,000. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Donaldson by 4,293.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,243,003 shares of the industrial products company’s stock worth $52,000 after buying an additional 2,191,949 shares in the last quarter. Hedge funds and other institutional investors own 79.18% of the company’s stock.

Shares of NYSE DCI opened at $48.73 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. Donaldson Company, Inc. has a 12 month low of $40.27 and a 12 month high of $59.43. The stock has a market cap of $6.25 billion, a PE ratio of 24.37, a PEG ratio of 1.94 and a beta of 1.44.

Donaldson (NYSE:DCI) last released its earnings results on Wednesday, March 6th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.04). Donaldson had a return on equity of 32.75% and a net margin of 10.82%. The company had revenue of $703.70 million during the quarter, compared to analyst estimates of $719.40 million. During the same period in the prior year, the business posted $0.43 earnings per share. Donaldson’s revenue was up 5.9% on a year-over-year basis. On average, research analysts predict that Donaldson Company, Inc. will post 2.33 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Monday, February 11th were given a $0.19 dividend. The ex-dividend date was Friday, February 8th. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. Donaldson’s dividend payout ratio is presently 38.00%.

In related news, Director Douglas A. Milroy bought 560 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average cost of $49.05 per share, with a total value of $27,468.00. Following the completion of the transaction, the director now owns 4,449 shares of the company’s stock, valued at $218,223.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.35% of the stock is currently owned by company insiders.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Donaldson from a “hold” rating to a “sell” rating in a report on Monday. Robert W. Baird reiterated a “hold” rating and set a $52.00 price target on shares of Donaldson in a report on Friday, December 21st. SunTrust Banks reiterated a “hold” rating and set a $56.00 price target on shares of Donaldson in a report on Thursday, December 6th. ValuEngine downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $53.00 price target on shares of Donaldson in a report on Thursday, December 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $55.25.

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About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

Further Reading: Cost of equity and a company’s balance sheet

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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