Quest Partners LLC Buys 9,972 Shares of Donaldson Company, Inc. (NYSE:DCI)

Quest Partners LLC lifted its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 33.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,668 shares of the industrial products company’s stock after purchasing an additional 9,972 shares during the period. Quest Partners LLC’s holdings in Donaldson were worth $2,924,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DCI. Vanguard Personalized Indexing Management LLC increased its position in Donaldson by 1.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,364 shares of the industrial products company’s stock worth $813,000 after buying an additional 146 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Donaldson by 31.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 766 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 184 shares during the last quarter. Oak Family Advisors LLC raised its stake in Donaldson by 4.3% in the 2nd quarter. Oak Family Advisors LLC now owns 4,742 shares of the industrial products company’s stock valued at $339,000 after acquiring an additional 197 shares during the period. Claro Advisors LLC lifted its holdings in Donaldson by 2.0% during the third quarter. Claro Advisors LLC now owns 10,242 shares of the industrial products company’s stock valued at $755,000 after purchasing an additional 203 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its position in Donaldson by 52.0% during the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 207 shares during the period. Institutional investors own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

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

Donaldson Stock Down 0.6 %

DCI stock opened at $76.40 on Monday. Donaldson Company, Inc. has a twelve month low of $58.75 and a twelve month high of $78.71. The firm has a market capitalization of $9.15 billion, a PE ratio of 22.60, a PEG ratio of 2.01 and a beta of 1.04. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The stock has a 50-day simple moving average of $73.86 and a two-hundred day simple moving average of $73.25.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The company had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $941.12 million. On average, equities analysts predict that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Insider Transactions at Donaldson

In other news, Director Willard D. Oberton sold 2,700 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $73.37, for a total value of $198,099.00. Following the transaction, the director now owns 27,983 shares of the company’s stock, valued at $2,053,112.71. This represents a 8.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Thomas R. Scalf sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total transaction of $182,900.00. Following the sale, the president now owns 28,334 shares in the company, valued at approximately $2,072,915.44. This trade represents a 8.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 167,805 shares of company stock valued at $12,310,222. 2.70% of the stock is currently owned by company insiders.

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.