Bank of Montreal Can Reduces Stock Holdings in Donaldson Company, Inc. $DCI

Bank of Montreal Can lowered its stake in Donaldson Company, Inc. (NYSE:DCI) by 36.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,397 shares of the industrial products company’s stock after selling 14,106 shares during the period. Bank of Montreal Can’s holdings in Donaldson were worth $1,692,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DCI. Hantz Financial Services Inc. boosted its stake in shares of Donaldson by 5,112.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 417 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 409 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Donaldson in the first quarter worth about $29,000. Brooklyn Investment Group boosted its position in Donaldson by 113.9% during the 1st quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 320 shares in the last quarter. Hoese & Co LLP grew its holdings in shares of Donaldson by 266.7% during the 2nd quarter. Hoese & Co LLP now owns 660 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 480 shares during the period. Finally, Steph & Co. bought a new position in shares of Donaldson in the 2nd quarter worth approximately $46,000. 82.81% of the stock is currently owned by institutional investors.

Donaldson Stock Down 1.8%

Shares of Donaldson stock opened at $86.60 on Friday. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $88.88. The company has a quick ratio of 1.25, a current ratio of 1.93 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $82.74 and its 200 day moving average is $75.16. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 1.98 and a beta of 1.01.

Donaldson (NYSE:DCI) last announced its earnings results on Tuesday, February 28th. The industrial products company reported $0.57 earnings per share for the quarter. The business had revenue of $802.50 million during the quarter. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. Research analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on DCI. Robert W. Baird lifted their price target on Donaldson from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Stifel Nicolaus boosted their target price on shares of Donaldson from $69.00 to $84.00 and gave the company a “hold” rating in a report on Thursday, August 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Donaldson in a research report on Tuesday, October 14th. Morgan Stanley lifted their price target on shares of Donaldson from $69.00 to $72.00 and gave the company an “underweight” rating in a research report on Tuesday, September 2nd. Finally, Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $80.33.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director Trudy A. Rautio sold 31,900 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $79.96, for a total value of $2,550,724.00. Following the transaction, the director directly owned 29,330 shares of the company’s stock, valued at approximately $2,345,226.80. This trade represents a 52.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Guillermo Briseno sold 13,500 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $79.03, for a total value of $1,066,905.00. Following the sale, the president owned 25,309 shares of the company’s stock, valued at approximately $2,000,170.27. This represents a 34.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 63,900 shares of company stock valued at $5,129,264. 2.20% of the stock is owned by company insiders.

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.