Donaldson Company, Inc. (NYSE:DCI) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp raised its stake in Donaldson Company, Inc. (NYSE:DCI) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,430 shares of the industrial products company’s stock after acquiring an additional 5,176 shares during the period. Van ECK Associates Corp owned 0.06% of Donaldson worth $5,060,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millburn Ridgefield Corp acquired a new position in Donaldson during the 3rd quarter valued at approximately $27,000. Catalyst Capital Advisors LLC bought a new stake in Donaldson in the 3rd quarter valued at about $27,000. Fortitude Family Office LLC acquired a new position in Donaldson during the 4th quarter valued at about $27,000. Lindbrook Capital LLC grew its position in Donaldson by 58.2% in the 4th quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 174 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Donaldson by 65.5% in the fourth quarter. Blue Trust Inc. now owns 753 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 298 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Donaldson news, President Thomas R. Scalf sold 7,680 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $71.09, for a total value of $545,971.20. Following the transaction, the president now owns 34,334 shares of the company’s stock, valued at $2,440,804.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, President Thomas R. Scalf sold 7,680 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $71.09, for a total value of $545,971.20. Following the completion of the transaction, the president now owns 34,334 shares in the company, valued at approximately $2,440,804.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas R. Scalf sold 3,027 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $73.09, for a total value of $221,243.43. Following the sale, the president now owns 34,334 shares in the company, valued at approximately $2,509,472.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,407 shares of company stock worth $5,817,942. Corporate insiders own 2.58% of the company’s stock.

Donaldson Price Performance

Shares of NYSE:DCI opened at $73.82 on Friday. Donaldson Company, Inc. has a 12 month low of $57.05 and a 12 month high of $75.44. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 2.12 and a beta of 1.09. The stock’s 50 day moving average price is $72.91 and its 200 day moving average price is $66.32. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.47 and a quick ratio of 0.99.

Donaldson (NYSE:DCI) last released its earnings results on Wednesday, February 28th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Donaldson had a return on equity of 28.52% and a net margin of 10.82%. The firm had revenue of $876.70 million for the quarter, compared to analyst estimates of $874.34 million. During the same period in the previous year, the company earned $0.75 earnings per share. Donaldson’s revenue was up 5.8% compared to the same quarter last year. Equities research analysts anticipate that Donaldson Company, Inc. will post 3.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DCI shares. Robert W. Baird boosted their price objective on Donaldson from $76.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Morgan Stanley initiated coverage on Donaldson in a research report on Monday, January 8th. They set an “underweight” rating and a $59.00 price target for the company. Finally, StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Donaldson has a consensus rating of “Hold” and an average price target of $67.50.

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.