Welch & Forbes LLC Sells 400 Shares of Donaldson Company, Inc. (NYSE:DCI)

Welch & Forbes LLC lessened its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 6.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,965 shares of the industrial products company’s stock after selling 400 shares during the period. Welch & Forbes LLC’s holdings in Donaldson were worth $390,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC lifted its stake in Donaldson by 28.2% in the third quarter. Signaturefd LLC now owns 783 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 172 shares during the period. Lindbrook Capital LLC raised its position in shares of 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 acquiring an additional 174 shares in the last quarter. D.A. Davidson & CO. boosted its position in Donaldson by 2.3% during the third quarter. D.A. Davidson & CO. now owns 9,844 shares of the industrial products company’s stock valued at $587,000 after purchasing an additional 221 shares in the last quarter. Fifth Third Bancorp grew its stake in Donaldson by 37.9% in the third quarter. Fifth Third Bancorp now owns 808 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 222 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of Donaldson by 22.9% during the third quarter. Covestor Ltd now owns 1,258 shares of the industrial products company’s stock valued at $75,000 after buying an additional 234 shares during the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DCI has been the topic of several research analyst reports. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th. Robert W. Baird increased their price objective on Donaldson from $76.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Donaldson presently has a consensus rating of “Hold” and an average price target of $67.50.

Donaldson Price Performance

Shares of DCI stock traded down $0.39 during mid-day trading on Wednesday, hitting $74.51. 58,046 shares of the stock were exchanged, compared to its average volume of 456,904. The company has a quick ratio of 0.99, a current ratio of 1.47 and a debt-to-equity ratio of 0.26. Donaldson Company, Inc. has a 52-week low of $57.05 and a 52-week high of $75.98. The firm has a fifty day moving average of $73.24 and a 200 day moving average of $66.63. The company has a market cap of $8.97 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 2.14 and a beta of 1.09.

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

Insider Activity at Donaldson

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

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.