World Investment Advisors Purchases New Stake in Donaldson Company, Inc. $DCI

World Investment Advisors acquired a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,812 shares of the industrial products company’s stock, valued at approximately $264,000.

Several other large investors have also bought and sold shares of DCI. Cambridge Investment Research Advisors Inc. lifted its stake in Donaldson by 78.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,555 shares of the industrial products company’s stock valued at $372,000 after acquiring an additional 2,435 shares in the last quarter. D.A. Davidson & CO. bought a new position in Donaldson during the 1st quarter valued at $255,000. OneDigital Investment Advisors LLC lifted its stake in Donaldson by 22.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 3,697 shares of the industrial products company’s stock valued at $248,000 after acquiring an additional 680 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Donaldson by 20.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 244,228 shares of the industrial products company’s stock valued at $16,378,000 after acquiring an additional 40,819 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in Donaldson by 13.0% during the 1st quarter. TD Private Client Wealth LLC now owns 2,991 shares of the industrial products company’s stock valued at $201,000 after acquiring an additional 345 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

Insider Activity at Donaldson

In related news, President Guillermo Briseno sold 13,500 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $79.03, for a total value of $1,066,905.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Trudy A. Rautio sold 31,900 shares of the company’s stock in a transaction dated 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 represents a 52.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 63,900 shares of company stock worth $5,129,264. Company insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

DCI has been the topic of a number of recent analyst reports. Robert W. Baird lifted their target price on Donaldson from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Donaldson in a report on Tuesday, October 14th. Morgan Stanley boosted their price target on shares of Donaldson from $69.00 to $72.00 and gave the stock an “underweight” rating in a report on Tuesday, September 2nd. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Stifel Nicolaus boosted their price target on shares of Donaldson from $69.00 to $84.00 and gave the stock a “hold” rating in a report on Thursday, August 28th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Donaldson presently has an average rating of “Hold” and an average target price of $80.33.

Donaldson Trading Up 0.2%

Shares of Donaldson stock opened at $84.63 on Wednesday. Donaldson Company, Inc. has a 52-week low of $57.45 and a 52-week high of $84.93. The stock’s 50-day simple moving average is $81.77 and its 200 day simple moving average is $74.18. The stock has a market capitalization of $9.80 billion, a P/E ratio of 27.75, a P/E/G ratio of 1.98 and a beta of 0.99. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.93.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Tuesday, February 28th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter. Donaldson had a return on equity of 29.50% and a net margin of 9.94%.The business had revenue of $802.50 million for the quarter. As a group, research analysts anticipate that Donaldson Company, Inc. will post 3.64 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.