ING Groep NV Invests $1.14 Million in Donaldson Company, Inc. (NYSE:DCI)

ING Groep NV acquired a new position in Donaldson Company, Inc. (NYSE:DCI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,500 shares of the industrial products company’s stock, valued at approximately $1,142,000.

A number of other institutional investors have also made changes to their positions in DCI. UMB Bank n.a. raised its position in Donaldson by 359.2% during the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 273 shares in the last quarter. Mather Group LLC. raised its position in Donaldson by 408.1% during the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 404 shares in the last quarter. Versant Capital Management Inc raised its position in Donaldson by 1,372.2% during the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 494 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Donaldson during the third quarter worth $41,000. Finally, V Square Quantitative Management LLC raised 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 acquiring an additional 207 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on DCI. Stifel Nicolaus decreased their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a 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 research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $69.67.

Donaldson Trading Down 0.6 %

DCI stock opened at $76.40 on Monday. 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 company’s 50-day simple moving average is $73.86 and its 200 day simple moving average is $73.25. Donaldson Company, Inc. has a 52 week low of $58.75 and a 52 week high of $78.71. The company has a market capitalization of $9.15 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 2.01 and a beta of 1.04.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, topping 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 business had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $941.12 million. As a group, sell-side analysts anticipate that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Scott J. Robinson sold 83,600 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the completion of the sale, the chief financial officer now owns 37,702 shares of the company’s stock, valued at $2,791,456.08. This represents a 68.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tod E. Carpenter sold 30,919 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $72.69, for a total transaction of $2,247,502.11. Following the completion of the transaction, the chief executive officer now directly owns 256,742 shares of the company’s stock, valued at $18,662,575.98. This trade represents a 10.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 167,805 shares of company stock valued at $12,310,222 over the last quarter. 2.70% of the stock is 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.