Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,202 Shares of Donaldson Company, Inc. (NYSE:DCI)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Donaldson Company, Inc. (NYSE:DCI) by 4.9% in the 4th quarter, Holdings Channel reports. The firm owned 25,604 shares of the industrial products company’s stock after buying an additional 1,202 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Donaldson were worth $1,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC raised its stake in shares of Donaldson by 28.2% in the 3rd quarter. Signaturefd LLC now owns 783 shares of the industrial products company’s stock valued at $47,000 after buying an additional 172 shares in the last quarter. D.A. Davidson & CO. lifted its stake in Donaldson by 2.3% during the third quarter. D.A. Davidson & CO. now owns 9,844 shares of the industrial products company’s stock worth $587,000 after purchasing an additional 221 shares during the period. Fifth Third Bancorp boosted its holdings in Donaldson by 37.9% during the third quarter. Fifth Third Bancorp now owns 808 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 222 shares in the last quarter. Covestor Ltd grew its stake in shares of Donaldson by 22.9% in the 3rd quarter. Covestor Ltd now owns 1,258 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 234 shares during the period. Finally, Burney Co. raised its holdings in shares of Donaldson by 1.7% in the 3rd quarter. Burney Co. now owns 14,065 shares of the industrial products company’s stock worth $839,000 after buying an additional 240 shares in the last quarter. 82.81% of the stock is owned by institutional investors.

Donaldson Trading Up 0.1 %

Shares of NYSE:DCI opened at $72.49 on Thursday. The stock has a market capitalization of $8.72 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10. The company’s 50-day moving average price is $72.03 and its two-hundred day moving average price is $65.77. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.47 and a quick ratio of 0.99. Donaldson Company, Inc. has a one year low of $57.05 and a one year high of $75.44.

Donaldson (NYSE:DCI) last released its earnings results on Wednesday, February 28th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07. The business had revenue of $876.70 million for the quarter, compared to analyst estimates of $874.34 million. Donaldson had a return on equity of 28.52% and a net margin of 10.82%. Donaldson’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 earnings per share. On average, equities analysts forecast that Donaldson Company, Inc. will post 3.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on DCI shares. Morgan Stanley started 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. Robert W. Baird upped their target price on shares of Donaldson from $76.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Finally, StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $67.50.

Insider Activity

In other Donaldson news, Director Ajita G. Rajendra sold 18,700 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $73.51, for a total transaction of $1,374,637.00. Following the transaction, the director now owns 41,961 shares in the company, valued at approximately $3,084,553.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Ajita G. Rajendra sold 18,700 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $73.51, for a total value of $1,374,637.00. Following the completion of the sale, the director now directly owns 41,961 shares in the company, valued at $3,084,553.11. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Thomas R. Scalf sold 3,027 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $73.09, for a total value of $221,243.43. Following the transaction, the president now owns 34,334 shares in the company, valued at approximately $2,509,472.06. The disclosure for this sale can be found here. Insiders have sold 79,407 shares of company stock valued at $5,817,942 over the last ninety days. 2.58% of the stock is currently owned by company insiders.

Donaldson Profile

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.