Mackenzie Financial Corp Boosts Holdings in Donaldson Company, Inc. (NYSE:DCI)

Mackenzie Financial Corp boosted its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,902 shares of the industrial products company’s stock after buying an additional 311 shares during the period. Mackenzie Financial Corp’s holdings in Donaldson were worth $582,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Millburn Ridgefield Corp purchased a new stake in shares of Donaldson during the third quarter worth approximately $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Donaldson during the 3rd quarter worth approximately $27,000. Fortitude Family Office LLC acquired a new position in shares of Donaldson in the fourth quarter worth $27,000. Blue Trust Inc. raised its stake in Donaldson by 65.5% in the 4th quarter. Blue Trust Inc. now owns 753 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 298 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Donaldson by 28.2% during the third quarter. Signaturefd LLC now owns 783 shares of the industrial products company’s stock valued at $47,000 after buying an additional 172 shares during the period. 82.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Willard D. Oberton sold 4,500 shares of the stock in a transaction on Wednesday, March 20th. The stock was 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 in the company, valued at approximately $2,035,954.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Willard D. Oberton sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total transaction of $330,930.00. Following the transaction, the director now directly owns 27,685 shares of the company’s stock, valued at $2,035,954.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sheila G. Kramer sold 45,500 shares of Donaldson stock in a transaction on Friday, March 15th. The shares were sold at an average price of $73.52, for a total value of $3,345,160.00. Following the sale, the insider now directly owns 23,171 shares of the company’s stock, valued at approximately $1,703,531.92. The disclosure for this sale can be found here. Insiders have sold 79,407 shares of company stock worth $5,817,942 in the last ninety days. 2.58% of the stock is currently owned by corporate insiders.

Donaldson Trading Up 0.1 %

NYSE:DCI opened at $72.27 on Friday. The company has a market cap of $8.70 billion, a PE ratio of 23.54, a P/E/G ratio of 2.10 and a beta of 1.10. Donaldson Company, Inc. has a 52 week low of $57.05 and a 52 week high of $75.44. The business’s 50 day moving average is $72.26 and its two-hundred day moving average is $65.90. 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 posted its earnings results on Wednesday, February 28th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. Donaldson had a net margin of 10.82% and a return on equity of 28.52%. The firm had revenue of $876.70 million during the quarter, compared to analyst estimates of $874.34 million. During the same period in the previous year, the business posted $0.75 EPS. Donaldson’s revenue was up 5.8% on a year-over-year basis. On average, analysts predict that Donaldson Company, Inc. will post 3.28 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DCI. Morgan Stanley initiated coverage on shares of Donaldson in a research report on Monday, January 8th. They issued an “underweight” rating and a $59.00 target price on the stock. Robert W. Baird upped their price target on 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 Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $67.50.

Donaldson Company 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.