First Nebraska Trust Co Acquires New Position in Donaldson Company, Inc. $DCI

First Nebraska Trust Co acquired a new position in shares of Donaldson Company, Inc. (NYSE:DCI) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 77,307 shares of the industrial products company’s stock, valued at approximately $6,729,000. First Nebraska Trust Co owned 0.07% of Donaldson as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of DCI. BlackRock Inc. bought a new position in shares of Donaldson during the 2nd quarter worth $1,072,012,000. Bank of New York Mellon Corp raised its holdings in shares of Donaldson by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 1,222,704 shares of the industrial products company’s stock valued at $103,771,000 after acquiring an additional 9,451 shares in the last quarter. Gabelli Funds LLC lifted its stake in Donaldson by 1.7% in the first quarter. Gabelli Funds LLC now owns 653,500 shares of the industrial products company’s stock worth $55,463,000 after acquiring an additional 10,850 shares during the period. Bank of America Corp DE purchased a new stake in Donaldson in the second quarter worth about $46,685,000. Finally, Swedbank AB lifted its stake in Donaldson by 1.2% in the first quarter. Swedbank AB now owns 534,400 shares of the industrial products company’s stock worth $45,355,000 after acquiring an additional 6,300 shares during the period. 82.81% of the stock is owned by institutional investors.

Donaldson Trading Up 0.8%

Shares of NYSE DCI opened at $86.03 on Wednesday. Donaldson Company, Inc. has a 1-year low of $79.61 and a 1-year high of $112.84. The business has a fifty day moving average price of $87.92 and a 200 day moving average price of $90.66. The stock has a market capitalization of $9.96 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.08 and a quick ratio of 1.41.

Donaldson (NYSE:DCI) last posted its earnings results on Tuesday, August 25th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Donaldson had a return on equity of 28.68% and a net margin of 11.68%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 earnings per share. Equities research analysts expect that Donaldson Company, Inc. will post 4.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wall Street Zen cut shares of Donaldson from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Morgan Stanley boosted their price target on shares of Donaldson from $91.00 to $95.00 and gave the company an “equal weight” rating in a report on Tuesday, September 29th. Weiss Ratings raised shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Robert W. Baird increased their price objective on shares of Donaldson from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Finally, Stifel Nicolaus set a $95.00 price objective on shares of Donaldson in a report on Friday, August 28th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Donaldson currently has an average rating of “Moderate Buy” and an average price target of $101.67.

About Donaldson

Donaldson Company, Inc (NYSE: DCI) is a global manufacturer of filtration systems and replacement parts. The company serves original-equipment manufacturers, industrial businesses and aftermarket customers with products designed to protect engines, equipment, processes and the surrounding environment.

Its product portfolio includes air, oil, fuel, hydraulic and coolant filters for on- and off-road vehicles and heavy equipment, as well as filtration systems for industrial dust, fume and mist collection.