Nisa Investment Advisors LLC lowered its stake in Donaldson Company, Inc. (NYSE:DCI) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,040 shares of the industrial products company’s stock after selling 500 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Donaldson were worth $2,607,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of DCI. Norges Bank purchased a new stake in Donaldson during the fourth quarter worth about $61,084,000. Anchor Capital Advisors LLC purchased a new stake in Donaldson during the first quarter worth about $22,183,000. Fiduciary Management Inc. WI increased its stake in Donaldson by 29.8% during the first quarter. Fiduciary Management Inc. WI now owns 1,280,458 shares of the industrial products company’s stock worth $49,464,000 after purchasing an additional 294,075 shares during the period. Morgan Stanley increased its stake in Donaldson by 50.5% during the first quarter. Morgan Stanley now owns 400,231 shares of the industrial products company’s stock worth $15,461,000 after purchasing an additional 134,345 shares during the period. Finally, Boston Trust Walden Corp increased its stake in Donaldson by 5.0% during the first quarter. Boston Trust Walden Corp now owns 2,150,714 shares of the industrial products company’s stock worth $83,082,000 after purchasing an additional 102,973 shares during the period. 78.72% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Donaldson in a research note on Friday, June 26th. They set an “overweight” rating and a $60.00 target price on the stock. Stifel Nicolaus upped their target price on shares of Donaldson from $44.00 to $49.00 and gave the stock a “hold” rating in a research note on Wednesday, June 3rd. Oppenheimer assumed coverage on shares of Donaldson in a research note on Tuesday, June 2nd. They set a “hold” rating on the stock. Finally, Zacks Investment Research lowered shares of Donaldson from a “hold” rating to a “sell” rating and set a $44.00 target price on the stock. in a research note on Friday, May 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $48.00.
In other Donaldson news, SVP Thomas R. Scalf sold 1,250 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $50.24, for a total value of $62,800.00. Also, CEO Tod E. Carpenter sold 10,000 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $50.24, for a total transaction of $502,400.00. Insiders sold 28,277 shares of company stock worth $1,420,636 over the last quarter. 1.74% of the stock is currently owned by insiders.
Shares of Donaldson stock opened at $48.34 on Friday. The firm has a market capitalization of $6.13 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.64 and a beta of 1.41. Donaldson Company, Inc. has a 52 week low of $31.08 and a 52 week high of $58.32. The company has a quick ratio of 2.02, a current ratio of 2.82 and a debt-to-equity ratio of 0.83. The firm’s 50 day moving average is $46.41 and its two-hundred day moving average is $46.27.
Donaldson (NYSE:DCI) last announced its quarterly earnings results on Tuesday, June 2nd. The industrial products company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.12. The company had revenue of $629.70 million for the quarter, compared to analyst estimates of $606.01 million. Donaldson had a net margin of 9.32% and a return on equity of 29.45%. The firm’s revenue was down 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 earnings per share. As a group, research analysts expect that Donaldson Company, Inc. will post 1.92 earnings per share for the current fiscal year.
Donaldson Company Profile
Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.
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