Mountain Pacific Investment Advisers Inc. ID Lowers Position in Donaldson Company, Inc. (NYSE:DCI)

Mountain Pacific Investment Advisers Inc. ID trimmed its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 681,900 shares of the industrial products company’s stock after selling 4,390 shares during the quarter. Donaldson comprises about 2.8% of Mountain Pacific Investment Advisers Inc. ID’s holdings, making the stock its 13th largest position. Mountain Pacific Investment Advisers Inc. ID’s holdings in Donaldson were worth $44,562,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DCI. Millburn Ridgefield Corp purchased a new position in shares of Donaldson during the third quarter worth about $27,000. Catalyst Capital Advisors LLC bought a new stake in Donaldson during the third quarter valued at approximately $27,000. Fortitude Family Office LLC purchased a new position in Donaldson in the 4th quarter worth approximately $27,000. Ronald Blue Trust Inc. increased its holdings in shares of Donaldson by 792.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 455 shares of the industrial products company’s stock worth $28,000 after buying an additional 404 shares during the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of Donaldson by 58.2% during the 4th quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock valued at $31,000 after buying an additional 174 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Donaldson Price Performance

Shares of Donaldson stock opened at $72.27 on Friday. The stock has a market capitalization of $8.70 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. Donaldson Company, Inc. has a one year low of $57.05 and a one year high of $75.44. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.47 and a quick ratio of 0.99. The business’s 50 day simple moving average is $72.26 and its two-hundred day simple moving average is $65.90.

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

Insider Buying and Selling at Donaldson

In related news, Director Ajita G. Rajendra sold 18,700 shares of the company’s stock in a transaction 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 sale, the director now directly owns 41,961 shares of the company’s stock, valued at $3,084,553.11. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Ajita G. Rajendra sold 18,700 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $73.51, for a total transaction of $1,374,637.00. Following the completion of the sale, the director now owns 41,961 shares of the company’s stock, valued at $3,084,553.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Willard D. Oberton sold 4,500 shares of the business’s stock in a transaction dated 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 directly owns 27,685 shares of the company’s stock, valued at approximately $2,035,954.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,407 shares of company stock valued at $5,817,942. 2.58% of the stock is currently owned by company insiders.

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.