SFE Investment Counsel Decreases Stock Position in Donaldson Company, Inc. $DCI

SFE Investment Counsel lowered its stake in Donaldson Company, Inc. (NYSE:DCI) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,802 shares of the industrial products company’s stock after selling 7,870 shares during the period. SFE Investment Counsel owned approximately 0.06% of Donaldson worth $6,100,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Swiss Life Asset Management Ltd grew its stake in shares of Donaldson by 57.3% in the fourth quarter. Swiss Life Asset Management Ltd now owns 8,229 shares of the industrial products company’s stock worth $730,000 after purchasing an additional 2,996 shares during the last quarter. Naples Global Advisors LLC grew its stake in shares of Donaldson by 1.9% in the fourth quarter. Naples Global Advisors LLC now owns 23,425 shares of the industrial products company’s stock worth $2,077,000 after purchasing an additional 431 shares during the last quarter. NewEdge Wealth LLC grew its stake in shares of Donaldson by 4.2% in the fourth quarter. NewEdge Wealth LLC now owns 24,039 shares of the industrial products company’s stock worth $2,131,000 after purchasing an additional 961 shares during the last quarter. Ethic Inc. grew its stake in shares of Donaldson by 22.4% in the fourth quarter. Ethic Inc. now owns 27,449 shares of the industrial products company’s stock worth $2,434,000 after purchasing an additional 5,015 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Donaldson by 36.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 15,288 shares of the industrial products company’s stock worth $1,355,000 after purchasing an additional 4,121 shares during the last quarter. 82.81% of the stock is owned by institutional investors.

Donaldson Stock Performance

Donaldson stock opened at $84.01 on Thursday. The stock’s 50 day simple moving average is $87.11 and its two-hundred day simple moving average is $91.99. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 2.29. The stock has a market cap of $9.73 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 2.14 and a beta of 0.99. Donaldson Company, Inc. has a fifty-two week low of $67.71 and a fifty-two week high of $112.84.

Donaldson (NYSE:DCI) last posted its quarterly earnings data 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). The firm had revenue of $896.30 million for the quarter, compared to the consensus estimate of $898.64 million. Donaldson had a net margin of 10.09% and a return on equity of 29.85%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 earnings per share. As a group, analysts expect that Donaldson Company, Inc. will post 3.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Donaldson news, Director James Owens sold 13,753 shares of Donaldson stock in a transaction that occurred on 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 sale, the director directly owned 22,565 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Over the last quarter, insiders sold 19,800 shares of company stock worth $1,765,184. Insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on DCI shares. Jefferies Financial Group raised their target price on Donaldson to $123.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Morgan Stanley cut their target price on Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Monday, March 9th. UBS Group set a $96.00 target price on Donaldson in a research note on Tuesday, February 24th. Wall Street Zen cut Donaldson from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings cut Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $100.20.

Donaldson 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.