Gamco Investors INC. ET AL Sells 27,000 Shares of Donaldson Company, Inc. $DCI

Gamco Investors INC. ET AL trimmed its position in Donaldson Company, Inc. (NYSE:DCI) by 7.2% during the 4th quarter, HoldingsChannel reports. The firm owned 349,156 shares of the industrial products company’s stock after selling 27,000 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Donaldson were worth $30,956,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. State Street Corp increased its stake in Donaldson by 0.7% during the second quarter. State Street Corp now owns 5,221,808 shares of the industrial products company’s stock worth $362,132,000 after acquiring an additional 36,866 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Donaldson by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,994,211 shares of the industrial products company’s stock worth $163,218,000 after acquiring an additional 20,478 shares during the last quarter. Invesco Ltd. increased its stake in Donaldson by 1.6% during the third quarter. Invesco Ltd. now owns 1,334,676 shares of the industrial products company’s stock worth $109,243,000 after acquiring an additional 21,386 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Donaldson by 10.6% during the third quarter. Bank of New York Mellon Corp now owns 1,283,326 shares of the industrial products company’s stock worth $105,040,000 after acquiring an additional 123,000 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Donaldson by 2.6% during the third quarter. Northern Trust Corp now owns 1,187,944 shares of the industrial products company’s stock worth $97,233,000 after acquiring an additional 29,822 shares during the last quarter. 82.81% of the stock is owned by institutional investors.

Donaldson Trading Down 0.1%

DCI opened at $81.84 on Monday. The stock has a market cap of $9.48 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 2.06 and a beta of 0.99. The stock’s 50 day moving average price is $86.69 and its 200-day moving average price is $91.99. Donaldson Company, Inc. has a one year low of $67.71 and a one year high of $112.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 2.29.

Donaldson (NYSE:DCI) last released its earnings results on Wednesday, February 25th. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.07). The business 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 company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 EPS. On average, equities analysts forecast that Donaldson Company, Inc. will post 3.97 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on DCI. Weiss Ratings cut Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Jefferies Financial Group boosted their price objective on Donaldson to $123.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Morgan Stanley reduced their price objective on Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Monday, March 9th. Robert W. Baird reduced their price objective on Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Finally, UBS Group set a $96.00 target price on Donaldson in a research note on Tuesday, February 24th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $100.20.

Insider Activity

In related news, Director James Owens sold 13,753 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total value of $1,226,905.13. Following the completion of the sale, the director owned 22,565 shares in the company, valued at approximately $2,013,023.65. The trade was a 37.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 19,800 shares of company stock valued at $1,765,184 in the last ninety days. 2.20% of the stock is currently owned by 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.