Donaldson Company, Inc. $DCI Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lessened its position in Donaldson Company, Inc. (NYSE:DCI) by 3.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 156,424 shares of the industrial products company’s stock after selling 5,455 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Donaldson were worth $10,833,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Donaldson in the 2nd quarter worth $679,475,000. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Donaldson by 75.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,330,602 shares of the industrial products company’s stock worth $223,350,000 after acquiring an additional 1,430,120 shares during the period. Boston Trust Walden Corp lifted its stake in shares of Donaldson by 7.8% in the 2nd quarter. Boston Trust Walden Corp now owns 2,825,916 shares of the industrial products company’s stock worth $195,977,000 after acquiring an additional 203,957 shares during the period. Fiduciary Management Inc. WI lifted its stake in shares of Donaldson by 13.1% in the 1st quarter. Fiduciary Management Inc. WI now owns 2,499,756 shares of the industrial products company’s stock worth $167,634,000 after acquiring an additional 290,477 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Donaldson by 12.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,818,227 shares of the industrial products company’s stock worth $121,926,000 after acquiring an additional 202,746 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on DCI. Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Robert W. Baird raised their price objective on shares of Donaldson from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Donaldson in a research note on Tuesday, October 14th. Stifel Nicolaus raised their price objective on shares of Donaldson from $69.00 to $84.00 and gave the company a “hold” rating in a research note on Thursday, August 28th. Finally, Morgan Stanley raised their price objective on shares of Donaldson from $69.00 to $72.00 and gave the company an “underweight” rating in a research note on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $80.33.

Insider Buying and Selling at Donaldson

In other Donaldson news, insider Amy C. Becker sold 18,500 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $81.71, for a total transaction of $1,511,635.00. Following the completion of the transaction, the insider directly owned 44,645 shares in the company, valued at approximately $3,647,942.95. This trade represents a 29.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Guillermo Briseno sold 13,500 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $79.03, for a total transaction of $1,066,905.00. Following the transaction, the president owned 25,309 shares of the company’s stock, valued at $2,000,170.27. This trade represents a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 63,900 shares of company stock worth $5,129,264. 2.20% of the stock is owned by corporate insiders.

Donaldson Stock Performance

NYSE:DCI opened at $83.36 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.25 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $80.31 and a two-hundred day moving average price of $72.76. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $84.42. The company has a market capitalization of $9.66 billion, a P/E ratio of 27.33, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99.

Donaldson (NYSE:DCI) last posted its earnings results on Tuesday, February 28th. The industrial products company reported $0.57 earnings per share for the quarter. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. The firm had revenue of $802.50 million during the quarter. As a group, research analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

About Donaldson

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.