Amalgamated Bank Trims Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Amalgamated Bank trimmed its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,106 shares of the industrial products company’s stock after selling 6,110 shares during the period. Amalgamated Bank’s holdings in Donaldson were worth $5,300,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DCI. Vanguard Group Inc. raised its holdings in Donaldson by 0.3% in the third quarter. Vanguard Group Inc. now owns 12,957,726 shares of the industrial products company’s stock valued at $772,799,000 after acquiring an additional 43,490 shares in the last quarter. FMR LLC grew its position in Donaldson by 2.6% during the 3rd quarter. FMR LLC now owns 4,440,692 shares of the industrial products company’s stock worth $264,843,000 after purchasing an additional 113,591 shares in the last quarter. Boston Trust Walden Corp raised its holdings in shares of Donaldson by 1.5% during the fourth quarter. Boston Trust Walden Corp now owns 2,816,300 shares of the industrial products company’s stock worth $184,045,000 after acquiring an additional 42,365 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Donaldson by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 1,456,826 shares of the industrial products company’s stock valued at $86,885,000 after buying an additional 5,162 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Donaldson by 4.3% during the 3rd quarter. American Century Companies Inc. now owns 1,343,875 shares of the industrial products company’s stock worth $80,149,000 after purchasing an additional 55,746 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DCI. Morgan Stanley assumed coverage on Donaldson in a research note on Monday, January 8th. They issued an “underweight” rating and a $59.00 price target on the stock. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 7th. Finally, Robert W. Baird increased their price target on shares of Donaldson from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $67.50.

Donaldson Price Performance

Shares of Donaldson stock opened at $75.27 on Tuesday. The company has a 50-day simple moving average of $73.09 and a two-hundred day simple moving average of $66.51. Donaldson Company, Inc. has a twelve month low of $57.05 and a twelve month high of $75.44. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 2.14 and a beta of 1.09. The company has a quick ratio of 0.99, a current ratio of 1.47 and a debt-to-equity ratio of 0.26.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. The business had revenue of $876.70 million during the quarter, compared to analysts’ expectations of $874.34 million. Donaldson had a return on equity of 28.52% and a net margin of 10.82%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 earnings per share. Analysts forecast that Donaldson Company, Inc. will post 3.28 EPS for the current year.

Insider Buying and Selling

In other Donaldson news, President Thomas R. Scalf sold 7,680 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $71.09, for a total transaction of $545,971.20. Following the sale, the president now directly owns 34,334 shares in the company, valued at $2,440,804.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Willard D. Oberton sold 4,500 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total value of $330,930.00. Following the completion of the transaction, the director now owns 27,685 shares of the company’s stock, valued at approximately $2,035,954.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Thomas R. Scalf sold 7,680 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $71.09, for a total value of $545,971.20. Following the completion of the transaction, the president now owns 34,334 shares of the company’s stock, valued at $2,440,804.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,407 shares of company stock worth $5,817,942. Company insiders own 2.58% 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.