Fenimore Asset Management Inc. reduced its position in shares of Donaldson Co. (NYSE:DCI) by 0.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,278,092 shares of the company’s stock after selling 650 shares during the period. Donaldson comprises about 2.3% of Fenimore Asset Management Inc.’s portfolio, making the stock its 15th largest position. Fenimore Asset Management Inc. owned about 0.96% of Donaldson worth $47,711,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Quadrature Capital Ltd boosted its stake in Donaldson by 103.0% in the first quarter. Quadrature Capital Ltd now owns 19,361 shares of the company’s stock worth $618,000 after buying an additional 9,823 shares during the last quarter. Accredited Investors Inc. acquired a new stake in Donaldson during the first quarter worth $216,000. State Street Corp boosted its stake in Donaldson by 129.7% in the first quarter. State Street Corp now owns 7,866,812 shares of the company’s stock worth $251,028,000 after buying an additional 4,441,702 shares during the last quarter. Zebra Capital Management LLC boosted its stake in Donaldson by 30.5% in the first quarter. Zebra Capital Management LLC now owns 36,284 shares of the company’s stock worth $1,158,000 after buying an additional 8,474 shares during the last quarter. Finally, Fiduciary Management Inc. WI boosted its stake in Donaldson by 11.3% in the first quarter. Fiduciary Management Inc. WI now owns 2,241,025 shares of the company’s stock worth $71,511,000 after buying an additional 227,729 shares during the last quarter. 81.74% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

Shares of Donaldson Co. (NYSE:DCI) traded up 1.287% during trading on Wednesday, hitting $36.595. 427,177 shares of the stock were exchanged. The firm has a market capitalization of $4.86 billion, a P/E ratio of 25.771 and a beta of 1.05. Donaldson Co. has a 52 week low of $25.21 and a 52 week high of $38.65. The firm has a 50 day moving average price of $37.03 and a 200 day moving average price of $34.91.

Donaldson (NYSE:DCI) last posted its earnings results on Thursday, September 8th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $593 million for the quarter, compared to analyst estimates of $594.80 million. Donaldson had a return on equity of 27.06% and a net margin of 8.59%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 EPS. Analysts forecast that Donaldson Co. will post ($0.12) EPS for the current fiscal year.

A number of research firms recently weighed in on DCI. Zacks Investment Research raised shares of Donaldson from a “sell” rating to a “hold” rating in a research note on Monday, August 29th. Robert W. Baird upped their price objective on shares of Donaldson from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, September 9th. Finally, TheStreet raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, June 24th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Donaldson presently has a consensus rating of “Hold” and an average price target of $36.60.

In other news, Director John Wiehoff sold 14,400 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $36.32, for a total transaction of $523,008.00. Following the completion of the sale, the director now owns 56,877 shares in the company, valued at approximately $2,065,772.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.88% of the company’s stock.

Donaldson Company Profile

Donaldson Company, Inc is a provider and manufacturer of filtration systems and replacement parts. The Company serves customers in the industrial and engine markets, including dust collection, power generation, specialty filtration, compressed air purification, off-road equipment, industrial compressors, heavy trucks and light vehicles.

5 Day Chart for NYSE:DCI

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