Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its position in Donaldson Company, Inc. (NYSE:DCI) by 41.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 8,404 shares of the industrial products company’s stock after selling 6,064 shares during the period. Crossmark Global Holdings Inc.’s holdings in Donaldson were worth $619,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Atria Investments Inc boosted its holdings in Donaldson by 7.1% in the third quarter. Atria Investments Inc now owns 9,301 shares of the industrial products company’s stock worth $685,000 after purchasing an additional 620 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Donaldson in the 3rd quarter worth about $41,000. Consolidated Planning Corp acquired a new position in shares of Donaldson in the 3rd quarter valued at about $351,000. Washington Trust Bank acquired a new stake in Donaldson during the third quarter worth about $203,000. Finally, Radnor Capital Management LLC acquired a new position in Donaldson in the third quarter valued at approximately $4,238,000. 82.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Tod E. Carpenter sold 30,919 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $72.69, for a total transaction of $2,247,502.11. Following the sale, the chief executive officer now owns 256,742 shares of the company’s stock, valued at $18,662,575.98. The trade was a 10.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott J. Robinson sold 83,600 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.04, for a total value of $6,189,744.00. Following the completion of the sale, the chief financial officer now owns 37,702 shares of the company’s stock, valued at $2,791,456.08. This trade represents a 68.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 167,805 shares of company stock valued at $12,310,222 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

Donaldson Stock Performance

DCI opened at $76.40 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $73.86 and its 200-day moving average is $73.24. The stock has a market cap of $9.15 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 2.03 and a beta of 1.04. Donaldson Company, Inc. has a twelve month low of $58.75 and a twelve month high of $78.71.

Donaldson (NYSE:DCI) last announced its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share 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 firm had revenue of $935.40 million for the quarter, compared to the consensus estimate of $941.12 million. On average, analysts predict that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DCI has been the topic of several recent research reports. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. Stifel Nicolaus cut their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $69.67.

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.