Donaldson Company, Inc. $DCI Shares Sold by TrinityBridge Ltd

TrinityBridge Ltd cut its position in Donaldson Company, Inc. (NYSE:DCI) by 20.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 525,566 shares of the industrial products company’s stock after selling 133,769 shares during the quarter. Donaldson accounts for 1.3% of TrinityBridge Ltd’s portfolio, making the stock its 22nd biggest holding. TrinityBridge Ltd’s holdings in Donaldson were worth $45,785,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DCI. Allworth Financial LP bought a new position in Donaldson in the 2nd quarter worth about $29,000. Trust Co. of Vermont purchased a new stake in shares of Donaldson in the second quarter valued at approximately $31,000. Next Level Wealth Planning LLC purchased a new stake in shares of Donaldson in the third quarter valued at approximately $47,000. Sachetta LLC bought a new position in Donaldson in the first quarter worth approximately $65,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Donaldson in the second quarter worth approximately $83,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analysts Set New Price Targets

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

Donaldson Stock Up 0.8%

DCI opened at $86.03 on Wednesday. The firm has a market cap of $9.96 billion, a P/E ratio of 22.34, a PEG ratio of 1.97 and a beta of 0.88. The business’s fifty day simple moving average is $87.92 and its 200 day simple moving average is $90.66. Donaldson Company, Inc. has a 52 week low of $79.61 and a 52 week high of $112.84. The company has a quick ratio of 1.41, a current ratio of 2.08 and a debt-to-equity ratio of 0.73.

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

Donaldson Profile

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.