Bank of America Corp DE Trims Stake in Donaldson Company, Inc. (NYSE:DCI)

Bank of America Corp DE cut its stake in Donaldson Company, Inc. (NYSE:DCI) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 253,107 shares of the industrial products company’s stock after selling 2,396 shares during the period. Bank of America Corp DE owned 0.21% of Donaldson worth $17,047,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DCI. Johnson Financial Group Inc. lifted its stake in shares of Donaldson by 48.8% in the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 195 shares during the period. Smartleaf Asset Management LLC raised its holdings in Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 180 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Donaldson by 89.6% during the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock valued at $53,000 after buying an additional 369 shares during the period. Quarry LP lifted its position in Donaldson by 162.7% during the fourth quarter. Quarry LP now owns 1,072 shares of the industrial products company’s stock valued at $72,000 after buying an additional 664 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Donaldson by 45.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock valued at $77,000 after buying an additional 353 shares in the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Donaldson

In other news, Director James Owens sold 18,700 shares of the stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the transaction, the director now directly owns 20,246 shares of the company’s stock, valued at $1,255,656.92. This represents a 48.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Thomas R. Scalf sold 29,500 shares of Donaldson stock in a transaction on Friday, February 28th. The stock was sold at an average price of $68.89, for a total value of $2,032,255.00. Following the completion of the sale, the president now directly owns 28,334 shares of the company’s stock, valued at $1,951,929.26. The trade was a 51.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,700 shares of company stock valued at $5,164,799 over the last ninety days. Insiders own 2.70% of the company’s stock.

Donaldson Stock Performance

Shares of DCI stock opened at $70.39 on Wednesday. The company’s 50-day moving average is $66.05 and its 200 day moving average is $69.47. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $78.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). The business had revenue of $870.00 million during the quarter, compared to the consensus estimate of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Sell-side analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DCI. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Stifel Nicolaus cut their price objective on shares of Donaldson from $70.00 to $63.00 and set a “hold” rating on the stock in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Donaldson currently has a consensus rating of “Hold” and an average target price of $71.33.

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.