Allianz Asset Management GmbH Cuts Stock Position in Donaldson Company, Inc. $DCI

Allianz Asset Management GmbH reduced its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 58.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,675 shares of the industrial products company’s stock after selling 33,909 shares during the quarter. Allianz Asset Management GmbH’s holdings in Donaldson were worth $1,642,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Kingstone Capital Partners Texas LLC acquired a new position in shares of Donaldson during the 2nd quarter worth about $679,475,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Donaldson by 75.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,330,602 shares of the industrial products company’s stock valued at $223,350,000 after purchasing an additional 1,430,120 shares during the period. Boston Trust Walden Corp raised its stake in Donaldson by 7.8% during the 2nd quarter. Boston Trust Walden Corp now owns 2,825,916 shares of the industrial products company’s stock valued at $195,977,000 after acquiring an additional 203,957 shares during the last quarter. Fiduciary Management Inc. WI raised its stake in Donaldson by 13.1% during the 1st quarter. Fiduciary Management Inc. WI now owns 2,499,756 shares of the industrial products company’s stock valued at $167,634,000 after acquiring an additional 290,477 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Donaldson by 12.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,818,227 shares of the industrial products company’s stock valued at $121,926,000 after acquiring an additional 202,746 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on DCI shares. Robert W. Baird upped their price objective on Donaldson from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Donaldson in a research note on Tuesday, October 14th. Stifel Nicolaus upped their price objective on Donaldson from $69.00 to $84.00 and gave the company a “hold” rating in a research note on Thursday, August 28th. Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Morgan Stanley upped their price objective on Donaldson from $69.00 to $72.00 and gave the company an “underweight” rating in a research note on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $80.33.

Donaldson Stock Performance

NYSE DCI opened at $83.23 on Friday. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $84.56. The company has a market capitalization of $9.64 billion, a P/E ratio of 27.29, a PEG ratio of 1.97 and a beta of 0.99. The business has a 50 day moving average price of $80.51 and a 200 day moving average price of $73.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.93 and a quick ratio of 1.25.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Tuesday, February 28th. The industrial products company reported $0.57 earnings per share for the quarter. Donaldson had a return on equity of 29.50% and a net margin of 9.94%.The firm had revenue of $802.50 million during the quarter. Sell-side analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Insider Buying and Selling at Donaldson

In other Donaldson news, insider Amy C. Becker sold 18,500 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $81.71, for a total transaction of $1,511,635.00. Following the sale, the insider owned 44,645 shares in the company, valued at approximately $3,647,942.95. This represents a 29.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Trudy A. Rautio sold 31,900 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $79.96, for a total value of $2,550,724.00. Following the sale, the director owned 29,330 shares in the company, valued at approximately $2,345,226.80. This trade represents a 52.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,900 shares of company stock worth $5,129,264. 2.20% of the stock is owned by insiders.

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.