Donaldson Company, Inc. $DCI Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc lowered its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 5.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 831,185 shares of the industrial products company’s stock after selling 47,447 shares during the period. Impax Asset Management Group plc’s holdings in Donaldson were worth $56,824,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DCI. Kingstone Capital Partners Texas LLC acquired a new position in Donaldson during the second quarter worth $679,475,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings 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 valued at $223,350,000 after buying an additional 1,430,120 shares during the period. Boston Trust Walden Corp lifted its stake in Donaldson by 7.8% during 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 in the last quarter. Geode Capital Management LLC lifted its stake in Donaldson by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,821,115 shares of the industrial products company’s stock worth $195,667,000 after acquiring an additional 21,334 shares in the last quarter. Finally, Fiduciary Management Inc. WI grew its position in 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 valued at $167,634,000 after acquiring an additional 290,477 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DCI. Robert W. Baird increased their price target on shares of Donaldson from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Stifel Nicolaus raised their price target on shares of Donaldson from $69.00 to $84.00 and gave the company a “hold” rating in a research report on Thursday, August 28th. Morgan Stanley boosted their price target on shares of Donaldson from $69.00 to $72.00 and gave the stock an “underweight” rating in a research note on Tuesday, September 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Donaldson in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Donaldson has an average 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 stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $79.96, for a total value of $2,550,724.00. Following the transaction, the director directly owned 29,330 shares of the company’s stock, valued at $2,345,226.80. This trade represents a 52.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Amy C. Becker sold 18,500 shares of Donaldson stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $81.71, for a total value of $1,511,635.00. Following the sale, the insider owned 44,645 shares in the company, valued at $3,647,942.95. This trade represents a 29.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 63,900 shares of company stock worth $5,129,264 over the last three months. Insiders own 2.20% of the company’s stock.

Donaldson Stock Performance

NYSE:DCI opened at $88.12 on Thursday. The business’s fifty day moving average price is $82.62 and its 200 day moving average price is $75.08. The firm has a market capitalization of $10.21 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 1.98 and a beta of 1.01. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $88.54. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.93 and a quick ratio of 1.25.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Tuesday, February 28th. The industrial products company reported $0.57 EPS for the quarter. Donaldson had a return on equity of 29.50% and a net margin of 9.94%.The business had revenue of $802.50 million for the quarter. On average, sell-side analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal 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.