Arjuna Capital Buys New Stake in Donaldson Company, Inc. $DCI

Arjuna Capital acquired a new stake in Donaldson Company, Inc. (NYSE:DCI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 29,945 shares of the industrial products company’s stock, valued at approximately $2,655,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. State Street Corp boosted its position 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 purchasing an additional 36,866 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 valued at $163,218,000 after purchasing an additional 20,478 shares in the last quarter. Invesco Ltd. increased its stake in shares of 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 purchasing an additional 21,386 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Donaldson by 10.6% during the 3rd 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 purchasing an additional 123,000 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Donaldson by 2.6% in the 3rd quarter. Northern Trust Corp now owns 1,187,944 shares of the industrial products company’s stock valued at $97,233,000 after buying an additional 29,822 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insiders Place Their Bets

In other news, Director James Owens sold 13,753 shares of the company’s 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 represents a 37.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 19,800 shares of company stock worth $1,765,184 over the last quarter. Corporate insiders own 2.20% of the company’s stock.

Donaldson Stock Down 2.4%

Donaldson stock opened at $81.84 on Friday. The company has a market capitalization of $9.48 billion, a P/E ratio of 25.58, a PEG ratio of 2.11 and a beta of 0.99. 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 Company, Inc. has a fifty-two week low of $67.71 and a fifty-two week high of $112.84. The stock has a 50-day simple moving average of $86.69 and a 200-day simple moving average of $91.93.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on DCI shares. Wall Street Zen cut Donaldson from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Morgan Stanley lowered their target price on Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a report on Monday, March 9th. Robert W. Baird dropped their price objective on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Weiss Ratings downgraded Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Finally, UBS Group set a $96.00 price target on shares of Donaldson in a research report on Tuesday, February 24th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Donaldson has an average rating of “Hold” and a consensus target price of $100.20.

Donaldson 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.