Envestnet Asset Management Inc. Has $2.86 Million Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Envestnet Asset Management Inc. boosted its stake in Donaldson Company, Inc. (NYSE:DCI – Get Rating) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,503 shares of the industrial products company’s stock after purchasing an additional 4,322 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Donaldson were worth $2,855,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. TD Asset Management Inc grew its holdings in Donaldson by 6.5% in the fourth quarter. TD Asset Management Inc now owns 578,078 shares of the industrial products company’s stock worth $34,031,000 after purchasing an additional 35,199 shares during the period. Brinker Capital Investments LLC grew its holdings in shares of Donaldson by 302.2% during the fourth quarter. Brinker Capital Investments LLC now owns 20,341 shares of the industrial products company’s stock valued at $1,197,000 after buying an additional 15,283 shares during the last quarter. Hartline Investment Corp acquired a new position in shares of Donaldson during the fourth quarter valued at about $268,000. Pacer Advisors Inc. acquired a new position in shares of Donaldson during the fourth quarter valued at about $1,603,000. Finally, Washington Trust Bank acquired a new position in shares of Donaldson during the fourth quarter valued at about $233,000. 80.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DCI. StockNews.com began coverage on shares of Donaldson in a report on Thursday. They set a “strong-buy” rating for the company. Morgan Stanley lifted their price objective on shares of Donaldson from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, April 20th. Finally, Robert W. Baird raised their price target on shares of Donaldson from $66.00 to $69.00 in a research report on Friday, March 3rd.

Insiders Place Their Bets

In other Donaldson news, Director Christopher M. Hilger purchased 3,186 shares of the stock in a transaction dated Tuesday, April 11th. The shares were bought at an average price of $62.76 per share, with a total value of $199,953.36. Following the completion of the transaction, the director now directly owns 7,872 shares in the company, valued at approximately $494,046.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director James Owens sold 10,800 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $66.08, for a total transaction of $713,664.00. Following the completion of the transaction, the director now owns 14,378 shares of the company’s stock, valued at $950,098.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Christopher M. Hilger acquired 3,186 shares of Donaldson stock in a transaction that occurred on Tuesday, April 11th. The shares were purchased at an average cost of $62.76 per share, with a total value of $199,953.36. Following the purchase, the director now owns 7,872 shares of the company’s stock, valued at approximately $494,046.72. The disclosure for this purchase can be found here. Insiders own 2.77% of the company’s stock.

Donaldson Stock Up 1.5 %

DCI opened at $63.87 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.33 and a quick ratio of 1.46. The company’s 50-day moving average is $63.54 and its 200 day moving average is $61.88. Donaldson Company, Inc. has a fifty-two week low of $46.00 and a fifty-two week high of $66.96. The firm has a market capitalization of $7.75 billion, a P/E ratio of 22.18, a PEG ratio of 1.98 and a beta of 1.20.

Donaldson (NYSE:DCI – Get Rating) last announced its quarterly earnings data on Wednesday, March 8th. The industrial products company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. The business had revenue of $828.30 million for the quarter, compared to analyst estimates of $838.29 million. Donaldson had a net margin of 10.45% and a return on equity of 32.35%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Research analysts expect that Donaldson Company, Inc. will post 3.05 earnings per share for the current fiscal year.

Donaldson Profile

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Donaldson Co, Inc engages in the manufacture of filtration systems and replacement parts. It operates through the following segments: Engine Products and Industrial Products. The Engine Products segment includes replacement filters for both air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.