Donaldson Company, Inc. (NYSE:DCI) Shares Acquired by Raymond James & Associates

Raymond James & Associates lifted its position in Donaldson Company, Inc. (NYSE:DCI) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 195,258 shares of the industrial products company’s stock after purchasing an additional 11,664 shares during the quarter. Raymond James & Associates’ holdings in Donaldson were worth $14,390,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DCI. UMB Bank n.a. lifted its stake in Donaldson by 359.2% in the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock valued at $26,000 after buying an additional 273 shares during the last quarter. Park Place Capital Corp purchased a new stake in Donaldson in the 1st quarter valued at $27,000. Versant Capital Management Inc boosted its stake in Donaldson by 1,372.2% during the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 494 shares during the period. Mather Group LLC. grew its position in Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 404 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in shares of Donaldson by 52.0% in the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 207 shares during the period. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. Stifel Nicolaus lowered their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Donaldson presently has a consensus rating of “Hold” and a consensus target price of $69.67.

Insider Transactions at Donaldson

In other Donaldson news, Director James Owens sold 5,210 shares of Donaldson stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total transaction of $373,765.40. Following the transaction, the director now directly owns 17,788 shares of the company’s stock, valued at $1,276,111.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Willard D. Oberton sold 2,700 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $73.37, for a total value of $198,099.00. Following the completion of the sale, the director now owns 27,983 shares in the company, valued at approximately $2,053,112.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Owens sold 5,210 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total value of $373,765.40. Following the sale, the director now owns 17,788 shares in the company, valued at approximately $1,276,111.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,805 shares of company stock worth $12,310,222. 2.58% of the stock is currently owned by company insiders.

Donaldson Trading Up 0.8 %

Donaldson stock opened at $74.88 on Monday. The stock has a 50-day moving average price of $72.86 and a 200 day moving average price of $72.89. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The stock has a market cap of $9.02 billion, a PE ratio of 23.18, a P/E/G ratio of 1.92 and a beta of 1.04. Donaldson Company, Inc. has a 52 week low of $57.05 and a 52 week high of $78.03.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. The company had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $941.12 million. Equities research analysts predict that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

About Donaldson

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.