Donaldson Company, Inc. (NYSE:DCI) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its holdings in Donaldson Company, Inc. (NYSE:DCI) by 15.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,227 shares of the industrial products company’s stock after purchasing an additional 553 shares during the period. Cerity Partners LLC’s holdings in Donaldson were worth $276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. GHP Investment Advisors Inc. lifted its stake in shares of Donaldson by 6.7% in the fourth quarter. GHP Investment Advisors Inc. now owns 33,973 shares of the industrial products company’s stock worth $2,220,000 after buying an additional 2,144 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Donaldson by 1.1% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 168,074 shares of the industrial products company’s stock worth $10,954,000 after buying an additional 1,768 shares in the last quarter. Boston Trust Walden Corp lifted its stake in shares of Donaldson by 1.5% in the fourth quarter. Boston Trust Walden Corp now owns 2,816,300 shares of the industrial products company’s stock worth $184,045,000 after buying an additional 42,365 shares in the last quarter. Chevy Chase Trust Holdings LLC purchased a new position in shares of Donaldson in the fourth quarter worth about $765,000. Finally, Trust Point Inc. purchased a new position in shares of Donaldson in the fourth quarter worth about $374,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

Donaldson Price Performance

Donaldson stock opened at $72.27 on Monday. The company’s 50 day simple moving average is $72.26 and its 200-day simple moving average is $65.97. The company has a market capitalization of $8.70 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. Donaldson Company, Inc. has a 1 year low of $57.05 and a 1 year high of $75.44. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.99 and a current ratio of 1.47.

Donaldson (NYSE:DCI) last released its quarterly 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. The business 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 business’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. As a group, equities research analysts expect that Donaldson Company, Inc. will post 3.28 earnings per share for the current year.

Insider Activity

In other 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 value of $330,930.00. Following the sale, the director now directly owns 27,685 shares of the company’s stock, valued at approximately $2,035,954.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Willard D. Oberton sold 4,500 shares of Donaldson stock in a transaction that occurred on Wednesday, March 20th. The shares were 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 $2,035,954.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas R. Scalf sold 3,027 shares of Donaldson stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $73.09, for a total transaction of $221,243.43. Following the completion of the transaction, the president now owns 34,334 shares of the company’s stock, valued at approximately $2,509,472.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,407 shares of company stock valued at $5,817,942. Company insiders own 2.58% of the company’s stock.

Wall Street Analysts Forecast Growth

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