Olympiad Research LP Sells 635 Shares of Donaldson Company, Inc. (NYSE:DCI)

Olympiad Research LP decreased its position in Donaldson Company, Inc. (NYSE:DCI) by 8.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,987 shares of the industrial products company’s stock after selling 635 shares during the quarter. Olympiad Research LP’s holdings in Donaldson were worth $515,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in shares of Donaldson by 7.7% during the 1st quarter. BNP Paribas Financial Markets now owns 14,179 shares of the industrial products company’s stock worth $1,059,000 after buying an additional 1,017 shares during the period. Janney Montgomery Scott LLC increased its stake in Donaldson by 11.1% in the first quarter. Janney Montgomery Scott LLC now owns 3,523 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 351 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in Donaldson by 0.8% in the first quarter. Texas Permanent School Fund Corp now owns 105,142 shares of the industrial products company’s stock worth $7,852,000 after purchasing an additional 886 shares during the period. Quantbot Technologies LP boosted its position in shares of Donaldson by 142.9% during the first quarter. Quantbot Technologies LP now owns 21,510 shares of the industrial products company’s stock worth $1,606,000 after purchasing an additional 12,655 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Donaldson by 254.5% during the first quarter. SG Americas Securities LLC now owns 22,386 shares of the industrial products company’s stock worth $1,672,000 after purchasing an additional 16,071 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on DCI shares. Stifel Nicolaus dropped their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $69.67.

Donaldson Price Performance

Donaldson stock opened at $77.08 on Thursday. The stock’s fifty day moving average price is $73.02 and its two-hundred day moving average price is $73.00. Donaldson Company, Inc. has a one year low of $58.56 and a one year high of $78.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. The firm has a market cap of $9.23 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.95 and a beta of 1.04.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. The company had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. As a group, research analysts expect that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director James Owens sold 5,210 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the transaction, the director now directly owns 17,788 shares of the company’s stock, valued at $1,276,111.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director James Owens sold 5,210 shares of Donaldson stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total transaction of $373,765.40. Following the transaction, the director now owns 17,788 shares of the company’s stock, valued at $1,276,111.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Tod E. Carpenter sold 24,081 shares of Donaldson stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $72.52, for a total value of $1,746,354.12. Following the transaction, the chief executive officer now directly owns 256,742 shares in the company, valued at approximately $18,618,929.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 167,805 shares of company stock valued at $12,310,222. 2.70% of the stock is currently owned by company insiders.

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.