Vise Technologies Inc. Acquires 6,243 Shares of Donaldson Company, Inc. $DCI

Vise Technologies Inc. raised its holdings in Donaldson Company, Inc. (NYSE:DCI) by 173.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,839 shares of the industrial products company’s stock after acquiring an additional 6,243 shares during the quarter. Vise Technologies Inc.’s holdings in Donaldson were worth $856,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DCI. First Nebraska Trust Co bought a new stake in shares of Donaldson during the 2nd quarter valued at $7,299,000. Bank of America Corp DE bought a new position in shares of Donaldson in the 2nd quarter worth $46,685,000. BlackRock Inc. acquired a new stake in shares of Donaldson during the second quarter worth $1,072,012,000. Hsbc Holdings PLC acquired a new stake in shares of Donaldson during the second quarter worth $6,310,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Donaldson during the second quarter worth $1,282,000. 82.81% of the stock is owned by institutional investors.

Donaldson Trading Up 4.4%

DCI opened at $88.06 on Tuesday. The firm’s fifty day moving average is $87.29 and its two-hundred day moving average is $90.34. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.41 and a current ratio of 2.08. The firm has a market cap of $10.20 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88. Donaldson Company, Inc. has a twelve month low of $79.61 and a twelve month high of $112.84.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Tuesday, August 25th. The industrial products company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts anticipate that Donaldson Company, Inc. will post 4.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Stifel Nicolaus set a $95.00 price objective on Donaldson in a report on Friday, August 28th. Weiss Ratings upgraded Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Wall Street Zen cut Donaldson from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Morgan Stanley boosted their target price on Donaldson from $91.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 29th. Finally, Robert W. Baird upped their price target on Donaldson from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $101.67.

Donaldson Profile

Donaldson Company, Inc is a global manufacturer of filtration systems and replacement parts. Founded in 1915, the company serves customers in industries including agriculture, construction, mining, transportation, manufacturing, and life sciences.

Its products include air, liquid, fuel, and lubricating-oil filters for engines and equipment, as well as dust-collection systems and filtration solutions for compressed air and gas. Donaldson also provides filtration technologies for applications such as food and beverage production, bioprocessing, and other life sciences uses.

Headquartered in Bloomington, Minnesota, Donaldson serves customers around the world through its manufacturing, distribution, and service operations.