Horizon Investments LLC Makes New Investment in Donaldson Company, Inc. $DCI

Horizon Investments LLC acquired a new position in shares of Donaldson Company, Inc. (NYSE:DCI) during the 4th quarter, Holdings Channel.com reports. The fund acquired 46,851 shares of the industrial products company’s stock, valued at approximately $4,154,000.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in Donaldson by 0.7% during the second quarter. State Street Corp now owns 5,221,808 shares of the industrial products company’s stock worth $362,132,000 after buying an additional 36,866 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Donaldson by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,994,211 shares of the industrial products company’s stock worth $163,218,000 after buying an additional 20,478 shares during the last quarter. Invesco Ltd. grew its stake in Donaldson by 1.6% during the third quarter. Invesco Ltd. now owns 1,334,676 shares of the industrial products company’s stock worth $109,243,000 after buying an additional 21,386 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Donaldson by 10.6% during the third quarter. Bank of New York Mellon Corp now owns 1,283,326 shares of the industrial products company’s stock worth $105,040,000 after buying an additional 123,000 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Donaldson by 2.6% during the third quarter. Northern Trust Corp now owns 1,187,944 shares of the industrial products company’s stock worth $97,233,000 after buying an additional 29,822 shares during the last quarter. 82.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DCI. Robert W. Baird decreased their price objective on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Wall Street Zen cut shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. UBS Group set a $96.00 price target on shares of Donaldson in a research note on Tuesday, February 24th. Weiss Ratings cut shares of Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Finally, Jefferies Financial Group increased their price target on shares of Donaldson to $123.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $100.20.

Insider Buying and Selling at Donaldson

In other news, Director James Owens sold 13,753 shares of Donaldson stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the transaction, the director directly owned 22,565 shares of the company’s stock, valued at $2,013,023.65. This trade represents a 37.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 19,800 shares of company stock worth $1,765,184 over the last quarter. Company insiders own 2.20% of the company’s stock.

Donaldson Price Performance

Shares of DCI stock opened at $86.35 on Monday. The firm’s 50 day moving average price is $89.23 and its two-hundred day moving average price is $91.85. The stock has a market cap of $10.00 billion, a PE ratio of 26.99, a PEG ratio of 2.17 and a beta of 0.99. Donaldson Company, Inc. has a 52-week low of $65.72 and a 52-week high of $112.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 2.29.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.07). The firm had revenue of $896.30 million for the quarter, compared to the consensus estimate of $898.64 million. Donaldson had a return on equity of 29.85% and a net margin of 10.09%.The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. As a group, analysts forecast that Donaldson Company, Inc. will post 3.97 EPS for the current year.

Donaldson Company Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.