Summit Investment Advisors Inc. Sells 603 Shares of Donaldson Company, Inc. $DCI

Summit Investment Advisors Inc. trimmed its position in Donaldson Company, Inc. (NYSE:DCI) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,602 shares of the industrial products company’s stock after selling 603 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Donaldson were worth $3,527,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new stake in Donaldson in the 1st quarter worth approximately $29,000. Hantz Financial Services Inc. increased its holdings in shares of Donaldson by 5,112.5% in the second quarter. Hantz Financial Services Inc. now owns 417 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 409 shares during the period. NewSquare Capital LLC purchased a new stake in shares of Donaldson in the second quarter worth $34,000. Brooklyn Investment Group boosted its stake in Donaldson by 113.9% during the first quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company’s stock valued at $40,000 after buying an additional 320 shares during the period. Finally, Steph & Co. purchased a new position in Donaldson during the second quarter worth about $46,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DCI shares. Robert W. Baird lifted their price target on Donaldson from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Morgan Stanley lifted their target price on shares of Donaldson from $69.00 to $72.00 and gave the company an “underweight” rating in a research report on Tuesday, September 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Donaldson in a report on Tuesday, October 14th. Stifel Nicolaus lifted their price objective on shares of Donaldson from $69.00 to $84.00 and gave the stock a “hold” rating in a report on Thursday, August 28th. Finally, Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. 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, the company has a consensus rating of “Hold” and an average target price of $80.33.

Insider Buying and Selling at Donaldson

In related news, Director Trudy A. Rautio sold 31,900 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $79.96, for a total transaction of $2,550,724.00. Following the transaction, the director owned 29,330 shares in the company, valued at $2,345,226.80. The trade was a 52.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Guillermo Briseno sold 13,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $79.03, for a total value of $1,066,905.00. Following the transaction, the president directly owned 25,309 shares of the company’s stock, valued at $2,000,170.27. The trade was a 34.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 63,900 shares of company stock worth $5,129,264. 2.20% of the stock is currently owned by company insiders.

Donaldson Price Performance

DCI opened at $86.92 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.93 and a quick ratio of 1.25. The stock’s 50 day simple moving average is $82.12 and its 200 day simple moving average is $74.60. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 1.98 and a beta of 1.01. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $87.64.

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

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.