SFE Investment Counsel Lowers Position in Donaldson Company, Inc. (NYSE:DCI)

SFE Investment Counsel trimmed its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,245 shares of the industrial products company’s stock after selling 363 shares during the quarter. SFE Investment Counsel owned approximately 0.07% of Donaldson worth $6,135,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado purchased a new position in Donaldson in the first quarter valued at $660,000. New York State Teachers Retirement System boosted its position in Donaldson by 2.6% during the second quarter. New York State Teachers Retirement System now owns 147,777 shares of the industrial products company’s stock worth $10,575,000 after purchasing an additional 3,792 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Donaldson by 21.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 110,437 shares of the industrial products company’s stock worth $8,245,000 after purchasing an additional 19,670 shares in the last quarter. SG Americas Securities LLC grew its holdings in Donaldson by 254.5% in the first quarter. SG Americas Securities LLC now owns 22,386 shares of the industrial products company’s stock valued at $1,672,000 after purchasing an additional 16,071 shares during the period. Finally, Norden Group LLC acquired a new position in shares of Donaldson during the 1st quarter worth approximately $933,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Performance

NYSE:DCI opened at $74.85 on Tuesday. The company has a market cap of $9.01 billion, a P/E ratio of 23.17, a P/E/G ratio of 1.92 and a beta of 1.04. Donaldson Company, Inc. has a twelve month low of $57.05 and a twelve month high of $78.03. The company’s 50-day moving average price is $72.90 and its 200-day moving average price is $72.89. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI) last released its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. On average, sell-side analysts forecast that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DCI. Stifel Nicolaus dropped their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $69.67.

Insiders Place Their Bets

In other news, Director James Owens sold 5,210 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total transaction of $373,765.40. Following the transaction, the director now owns 17,788 shares of the company’s stock, valued at approximately $1,276,111.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Donaldson news, Director Willard D. Oberton sold 2,700 shares of Donaldson stock in a transaction on Friday, October 4th. The stock was sold at an average price of $73.37, for a total value of $198,099.00. Following the sale, the director now owns 27,983 shares in the company, valued at $2,053,112.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Owens sold 5,210 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the transaction, the director now owns 17,788 shares of the company’s stock, valued at approximately $1,276,111.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 167,805 shares of company stock valued at $12,310,222 in the last three months. 2.58% of the stock is currently owned by insiders.

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.