Meeder Asset Management Inc. Makes New Investment in Donaldson Company, Inc. (NYSE:DCI)

Meeder Asset Management Inc. acquired a new stake in Donaldson Company, Inc. (NYSE:DCI) in the third quarter, Holdings Channel.com reports. The firm acquired 2,882 shares of the industrial products company’s stock, valued at approximately $212,000.

Several other large investors have also made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Donaldson by 1.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company’s stock worth $134,832,000 after acquiring an additional 32,964 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Donaldson by 4.7% during the second quarter. American Century Companies Inc. now owns 1,691,903 shares of the industrial products company’s stock worth $121,073,000 after purchasing an additional 75,733 shares in the last quarter. Epoch Investment Partners Inc. raised its position in shares of Donaldson by 16.6% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,331,717 shares of the industrial products company’s stock worth $99,453,000 after purchasing an additional 190,024 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Donaldson by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock valued at $93,770,000 after buying an additional 153,342 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Donaldson by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,285,130 shares of the industrial products company’s stock worth $91,964,000 after buying an additional 9,143 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Trading Down 1.0 %

Shares of Donaldson stock opened at $75.27 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. Donaldson Company, Inc. has a 1-year low of $58.75 and a 1-year high of $78.71. The stock’s 50 day simple moving average is $74.08 and its 200-day simple moving average is $73.28. The stock has a market cap of $9.01 billion, a P/E ratio of 22.27, a P/E/G ratio of 2.01 and a beta of 1.04.

Donaldson (NYSE:DCI) last posted its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping 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 company had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $941.12 million. Analysts predict that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Stifel Nicolaus decreased their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $69.67.

Insider Activity at Donaldson

In other Donaldson news, Director James Owens sold 5,210 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 17,788 shares of the company’s stock, valued at $1,276,111.12. The trade was a 22.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Thomas R. Scalf sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total value of $182,900.00. Following the transaction, the president now owns 28,334 shares in the company, valued at $2,072,915.44. This trade represents a 8.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 167,805 shares of company stock worth $12,310,222. Company insiders own 2.70% of the company’s stock.

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.