MQS Management LLC Makes New $532,000 Investment in Donaldson Company, Inc. $DCI

MQS Management LLC purchased a new position in Donaldson Company, Inc. (NYSE:DCI) during the 4th quarter, HoldingsChannel reports. The firm purchased 6,003 shares of the industrial products company’s stock, valued at approximately $532,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Global Retirement Partners LLC raised its position in Donaldson by 1,963.0% in the fourth quarter. Global Retirement Partners LLC now owns 1,506 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 1,433 shares in the last quarter. Leonteq Securities AG bought a new stake in Donaldson in the fourth quarter worth about $40,000. PNC Financial Services Group Inc. raised its holdings in Donaldson by 2.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 66,149 shares of the industrial products company’s stock worth $5,865,000 after buying an additional 1,482 shares during the period. TD Private Client Wealth LLC raised its holdings in Donaldson by 28.6% during the 4th quarter. TD Private Client Wealth LLC now owns 3,746 shares of the industrial products company’s stock worth $332,000 after buying an additional 832 shares during the period. Finally, North Dakota State Investment Board acquired a new stake in Donaldson during the 4th quarter worth about $364,000. 82.81% of the stock is currently owned by institutional investors.

Donaldson Price Performance

NYSE DCI opened at $83.73 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 0.43. Donaldson Company, Inc. has a 1 year low of $67.71 and a 1 year high of $112.84. The stock’s 50-day moving average price is $86.02 and its two-hundred day moving average price is $91.90. The company has a market cap of $9.70 billion, a PE ratio of 26.17, a PEG ratio of 2.08 and a beta of 0.99.

Donaldson (NYSE:DCI) last released its earnings results on Wednesday, February 25th. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.07). Donaldson had a net margin of 10.09% and a return on equity of 29.85%. The business had revenue of $896.30 million for the quarter, compared to analysts’ expectations of $898.64 million. During the same period last year, the firm earned $0.83 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. On average, analysts predict that Donaldson Company, Inc. will post 3.97 EPS for the current year.

Insiders Place Their Bets

In other Donaldson news, Director James Owens sold 13,753 shares of Donaldson stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the transaction, the director owned 22,565 shares of the company’s stock, valued at $2,013,023.65. The trade was a 37.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 19,800 shares of company stock worth $1,765,184. Insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DCI. UBS Group set a $96.00 price objective on Donaldson in a report on Tuesday, February 24th. Weiss Ratings downgraded Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. Morgan Stanley cut their price objective on Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a report on Monday, March 9th. Robert W. Baird cut their price objective on Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Finally, Jefferies Financial Group boosted their price objective on Donaldson to $123.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Donaldson presently has a consensus rating of “Hold” and an average price target of $100.20.

Donaldson Company Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.