VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $403,000 Investment in Donaldson Company, Inc. $DCI

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,804 shares of the industrial products company’s stock, valued at approximately $403,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in shares of Donaldson during the first quarter valued at approximately $29,000. Brooklyn Investment Group raised its stake in shares of Donaldson by 113.9% during the first quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 320 shares in the last quarter. Hoese & Co LLP raised its stake in shares of Donaldson by 266.7% during the second quarter. Hoese & Co LLP now owns 660 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 480 shares in the last quarter. Steph & Co. bought a new stake in shares of Donaldson during the second quarter valued at approximately $46,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Donaldson by 34.3% during the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 205 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Donaldson Stock Performance

Shares of DCI stock opened at $83.23 on Friday. The business’s fifty day simple moving average is $80.51 and its 200-day simple moving average is $73.02. The company has a market cap of $9.64 billion, a PE ratio of 27.29, a PEG ratio of 1.97 and a beta of 0.99. The company has a current ratio of 1.93, a quick ratio of 1.25 and a debt-to-equity ratio of 0.43. Donaldson Company, Inc. has a 12-month low of $57.45 and a 12-month high of $84.56.

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

Insider Transactions at Donaldson

In other news, insider Amy C. Becker sold 18,500 shares of the company’s 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 transaction, the insider directly owned 44,645 shares of the company’s stock, valued at approximately $3,647,942.95. This represents a 29.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Guillermo Briseno sold 13,500 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $79.03, for a total value of $1,066,905.00. Following the completion of the transaction, the president directly owned 25,309 shares in the company, valued at approximately $2,000,170.27. The trade was a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,900 shares of company stock valued at $5,129,264. Corporate insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

DCI has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Donaldson in a research note on Tuesday, October 14th. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Robert W. Baird boosted their price objective on shares of Donaldson from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Stifel Nicolaus boosted their price objective on shares of Donaldson from $69.00 to $84.00 and gave the stock a “hold” rating in a research note on Thursday, August 28th. Finally, Morgan Stanley boosted their price objective on shares of Donaldson from $69.00 to $72.00 and gave the stock 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $80.33.

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.