Entropy Technologies LP Sells 5,329 Shares of Donaldson Company, Inc. (NYSE:DCI)

Entropy Technologies LP lowered its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 43.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,051 shares of the industrial products company’s stock after selling 5,329 shares during the quarter. Entropy Technologies LP’s holdings in Donaldson were worth $520,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. increased its position in Donaldson by 359.2% in the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 273 shares during the period. Mather Group LLC. grew its position in shares of Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock worth $38,000 after buying an additional 404 shares during the period. Versant Capital Management Inc raised its stake in shares of Donaldson by 1,372.2% during the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock worth $38,000 after buying an additional 494 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Donaldson in the third quarter valued at approximately $41,000. Finally, V Square Quantitative Management LLC boosted its stake in Donaldson by 52.0% in the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 207 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Insider Transactions at Donaldson

In other news, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total transaction of $182,900.00. Following the completion of the sale, the president now owns 28,334 shares of the company’s stock, valued at $2,072,915.44. This represents a 8.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Willard D. Oberton sold 2,700 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $73.37, for a total transaction of $198,099.00. Following the completion of the sale, the director now directly owns 27,983 shares in the company, valued at $2,053,112.71. This represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 167,805 shares of company stock valued at $12,310,222 over the last 90 days. 2.70% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Donaldson Trading Down 0.6 %

DCI opened at $76.40 on Friday. The firm’s fifty day moving average is $73.86 and its two-hundred day moving average is $73.24. The firm 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. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84.

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

About Donaldson

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.