Lecap Asset Management Ltd. Trims Holdings in Donaldson Company, Inc. (NYSE:DCI)

Lecap Asset Management Ltd. decreased its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 46.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,221 shares of the industrial products company’s stock after selling 8,909 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Donaldson were worth $753,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DCI. TD Asset Management Inc lifted its position in Donaldson by 23.7% during the first quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company’s stock worth $143,434,000 after buying an additional 367,705 shares in the last quarter. Eagle Ridge Investment Management purchased a new position in Donaldson during the first quarter worth approximately $25,351,000. Heartland Advisors Inc. purchased a new position in Donaldson during the first quarter worth approximately $17,016,000. Los Angeles Capital Management LLC purchased a new position in Donaldson during the second quarter worth approximately $14,288,000. Finally, Epoch Investment Partners Inc. raised its position in Donaldson by 16.6% in the first quarter. Epoch Investment Partners Inc. now owns 1,331,717 shares of the industrial products company’s stock valued at $99,453,000 after purchasing an additional 190,024 shares during the period. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Activity

In other news, President Thomas R. Scalf sold 2,500 shares of Donaldson stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total value of $182,900.00. Following the completion of the sale, the president now directly owns 28,334 shares of the company’s stock, valued at approximately $2,072,915.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Scott J. Robinson sold 83,600 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the completion of the transaction, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at $2,791,456.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Thomas R. Scalf sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total value of $182,900.00. Following the transaction, the president now directly owns 28,334 shares of the company’s stock, valued at $2,072,915.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 167,805 shares of company stock valued at $12,310,222. 2.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DCI shares. Raymond James started coverage on Donaldson in a research report on Friday, June 28th. They issued a “market perform” rating on the stock. Stifel Nicolaus reduced their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. Finally, StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $69.67.

Donaldson Trading Up 0.5 %

Shares of NYSE DCI opened at $74.29 on Friday. Donaldson Company, Inc. has a twelve month low of $57.05 and a twelve month high of $78.03. 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 fifty day simple moving average of $72.82 and a 200-day simple moving average of $72.91. The stock has a market capitalization of $8.94 billion, a PE ratio of 23.00, a PEG ratio of 1.92 and a beta of 1.04.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. The business had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $941.12 million. On average, equities analysts forecast that Donaldson Company, Inc. will post 3.63 earnings per share for the current 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.