Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Swiss National Bank

Swiss National Bank cut its stake in Donaldson Company, Inc. (NYSE:DCI) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,700 shares of the industrial products company’s stock after selling 28,900 shares during the period. Swiss National Bank’s holdings in Donaldson were worth $15,534,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DCI. Millburn Ridgefield Corp bought a new stake in shares of Donaldson in the 3rd quarter worth about $27,000. Catalyst Capital Advisors LLC acquired a new position in Donaldson in the third quarter worth about $27,000. Fortitude Family Office LLC bought a new stake in Donaldson in the fourth quarter valued at about $27,000. Lindbrook Capital LLC raised its stake in Donaldson by 58.2% during the fourth 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. Finally, Blue Trust Inc. grew its position in shares of Donaldson by 65.5% in the 4th quarter. Blue Trust Inc. now owns 753 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 298 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DCI has been the subject of a number of research reports. Robert W. Baird lifted their price objective on shares of Donaldson from $76.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. StockNews.com upgraded 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $67.50.

Insider Buying and Selling

In related news, insider Sheila G. Kramer sold 45,500 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $73.52, for a total transaction of $3,345,160.00. Following the transaction, the insider now owns 23,171 shares in the company, valued at $1,703,531.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Sheila G. Kramer sold 45,500 shares of Donaldson stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $73.52, for a total transaction of $3,345,160.00. Following the transaction, the insider now directly owns 23,171 shares of the company’s stock, valued at $1,703,531.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ajita G. Rajendra sold 18,700 shares of the company’s stock in a transaction dated 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 directly owns 41,961 shares of the company’s stock, valued at $3,084,553.11. The disclosure for this sale can be found here. Insiders sold 79,407 shares of company stock valued at $5,817,942 over the last 90 days. 2.58% of the stock is currently owned by company insiders.

Donaldson Stock Up 1.0 %

DCI stock opened at $75.01 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.47 and a debt-to-equity ratio of 0.26. The firm’s 50-day simple moving average is $73.38 and its 200 day simple moving average is $66.74. The stock has a market cap of $9.03 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 2.14 and a beta of 1.09. Donaldson Company, Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $75.98.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. Donaldson had a net margin of 10.82% and a return on equity of 28.52%. The company had revenue of $876.70 million for the quarter, compared to analyst estimates of $874.34 million. During the same quarter last year, the business earned $0.75 earnings per share. Donaldson’s revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts predict that Donaldson Company, Inc. will post 3.28 EPS for the current year.

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.