Donaldson Company, Inc. $DCI Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. lowered its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 19.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 3,050 shares of the industrial products company’s stock after selling 726 shares during the quarter. Freedom Investment Management Inc.’s holdings in Donaldson were worth $212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DCI. Kingstone Capital Partners Texas LLC acquired a new position in shares of Donaldson in the 2nd quarter valued at about $679,475,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Donaldson by 75.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,330,602 shares of the industrial products company’s stock valued at $223,350,000 after buying an additional 1,430,120 shares during the period. Carnegie Investment Counsel acquired a new position in shares of Donaldson in the 1st quarter valued at about $23,147,000. Fiduciary Management Inc. WI lifted its holdings in shares of Donaldson by 13.1% in the 1st quarter. Fiduciary Management Inc. WI now owns 2,499,756 shares of the industrial products company’s stock valued at $167,634,000 after buying an additional 290,477 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Donaldson by 32.4% in the 1st quarter. AQR Capital Management LLC now owns 1,172,395 shares of the industrial products company’s stock valued at $77,636,000 after buying an additional 286,598 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Stifel Nicolaus boosted their price objective on Donaldson from $69.00 to $84.00 and gave the company a “hold” rating in a report on Thursday, August 28th. Weiss Ratings restated a “buy (b)” rating on shares of Donaldson in a research note on Tuesday, October 14th. Morgan Stanley lifted their price target on Donaldson from $69.00 to $72.00 and gave the company an “underweight” rating in a research note on Tuesday, September 2nd. Finally, 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 note on Friday, August 29th. 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 company’s stock. According to data from MarketBeat.com, Donaldson has an average rating of “Hold” and a consensus price target of $80.33.

Insiders Place Their Bets

In other Donaldson news, President Guillermo Briseno sold 13,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $79.03, for a total transaction of $1,066,905.00. Following the completion of the sale, the president directly owned 25,309 shares in the company, valued at approximately $2,000,170.27. The trade was a 34.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Trudy A. Rautio sold 31,900 shares of the business’s stock in a transaction that occurred on 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 owned 29,330 shares in the company, valued at approximately $2,345,226.80. This represents a 52.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 63,900 shares of company stock worth $5,129,264. Corporate insiders own 2.20% of the company’s stock.

Donaldson Price Performance

NYSE:DCI opened at $83.58 on Tuesday. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $84.56. The stock has a 50 day moving average of $80.70 and a two-hundred day moving average of $73.22. The company has a current ratio of 1.93, a quick ratio of 1.25 and a debt-to-equity ratio of 0.43. The firm has a market cap of $9.68 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 1.97 and a beta of 0.99.

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

Donaldson Company 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.