Swedbank AB Boosts Holdings in Donaldson Company, Inc. $DCI

Swedbank AB lifted its stake in Donaldson Company, Inc. (NYSE:DCI) by 2.6% in the 4th quarter, HoldingsChannel reports. The firm owned 528,100 shares of the industrial products company’s stock after buying an additional 13,300 shares during the quarter. Swedbank AB’s holdings in Donaldson were worth $46,821,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Leonteq Securities AG purchased a new stake in shares of Donaldson in the 4th quarter worth about $40,000. Eagle Bay Advisors LLC purchased a new stake in shares of Donaldson in the 4th quarter worth about $45,000. CENTRAL TRUST Co lifted its position in shares of Donaldson by 40.3% in the 3rd quarter. CENTRAL TRUST Co now owns 1,024 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 294 shares during the period. Steph & Co. lifted its position in shares of Donaldson by 76.4% in the 4th quarter. Steph & Co. now owns 944 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 409 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in shares of Donaldson by 200.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,251 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 834 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DCI shares. Morgan Stanley dropped their target price on shares of Donaldson from $93.00 to $91.00 and set an “equal weight” rating for the company in a research report on Monday, March 9th. Weiss Ratings cut shares of Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Wall Street Zen cut shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. UBS Group set a $96.00 price target on shares of Donaldson in a research report on Tuesday, February 24th. Finally, Robert W. Baird lowered their price target on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Donaldson has a consensus rating of “Hold” and an average target price of $100.20.

Donaldson Trading Up 0.1%

Shares of NYSE DCI opened at $83.73 on Monday. The stock has a market cap of $9.70 billion, a P/E ratio of 26.17, a price-to-earnings-growth ratio of 2.11 and a beta of 0.99. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.29 and a quick ratio of 1.46. Donaldson Company, Inc. has a 1 year low of $67.71 and a 1 year high of $112.84. The firm has a 50-day moving average of $86.02 and a 200 day moving average of $91.95.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.07). The firm had revenue of $896.30 million for the quarter, compared to the consensus estimate of $898.64 million. Donaldson had a net margin of 10.09% and a return on equity of 29.85%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 earnings per share. As a group, sell-side analysts expect that Donaldson Company, Inc. will post 3.97 EPS for the current fiscal year.

Insiders Place Their Bets

In other Donaldson news, Director James Owens sold 13,753 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the completion of the sale, the director directly owned 22,565 shares in the company, valued at approximately $2,013,023.65. This trade represents a 37.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have sold 19,800 shares of company stock worth $1,765,184. 2.20% of the stock is currently owned by company insiders.

Donaldson Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.