Mcdaniel Terry & Co. Boosts Stake in Donaldson Company, Inc. (NYSE:DCI)

Mcdaniel Terry & Co. lifted its stake in Donaldson Company, Inc. (NYSE:DCI) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 513,333 shares of the industrial products company’s stock after purchasing an additional 4,092 shares during the period. Donaldson accounts for approximately 3.2% of Mcdaniel Terry & Co.’s holdings, making the stock its 10th largest holding. Mcdaniel Terry & Co.’s holdings in Donaldson were worth $37,833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Assenagon Asset Management S.A. boosted its position in shares of Donaldson by 169.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 151,908 shares of the industrial products company’s stock worth $11,196,000 after purchasing an additional 95,473 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Donaldson by 29.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 5,180 shares of the industrial products company’s stock worth $382,000 after purchasing an additional 1,170 shares during the last quarter. Romano Brothers AND Company boosted its position in shares of Donaldson by 27.7% in the 3rd quarter. Romano Brothers AND Company now owns 25,320 shares of the industrial products company’s stock worth $1,866,000 after purchasing an additional 5,500 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Donaldson by 7.3% in the 3rd quarter. Private Advisor Group LLC now owns 28,877 shares of the industrial products company’s stock worth $2,128,000 after purchasing an additional 1,974 shares during the last quarter. Finally, Eastern Bank bought a new position in shares of Donaldson in the 3rd quarter worth $8,513,000. 82.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on DCI. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Raymond James started coverage on Donaldson in a research note on Friday, June 28th. They issued a “market perform” rating for the company. Finally, Stifel Nicolaus dropped their price target on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Donaldson has a consensus rating of “Hold” and a consensus target price of $69.67.

Donaldson Price Performance

Shares of DCI opened at $74.29 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84. The stock has a 50 day simple moving average of $72.82 and a 200 day simple moving average of $72.91. Donaldson Company, Inc. has a 52-week low of $57.05 and a 52-week high of $78.03. The firm has a market capitalization of $8.94 billion, a PE ratio of 23.00, a P/E/G ratio of 1.92 and a beta of 1.04.

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

Insider Activity at Donaldson

In other Donaldson news, CEO Tod E. Carpenter sold 30,919 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $72.69, for a total value of $2,247,502.11. Following the sale, the chief executive officer now owns 256,742 shares in the company, valued at approximately $18,662,575.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Donaldson news, CEO Tod E. Carpenter sold 30,919 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $72.69, for a total value of $2,247,502.11. Following the sale, the chief executive officer now owns 256,742 shares in the company, valued at approximately $18,662,575.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Amy C. Becker sold 14,500 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $72.89, for a total value of $1,056,905.00. Following the completion of the sale, the insider now owns 41,368 shares in the company, valued at $3,015,313.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 167,805 shares of company stock worth $12,310,222. 2.58% of the stock is owned by company 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.