Johnson Financial Group Inc. Boosts Holdings in Donaldson Company, Inc. (NYSE:DCI)

Johnson Financial Group Inc. lifted its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 48.8% during the fourth quarter, HoldingsChannel reports. The firm owned 595 shares of the industrial products company’s stock after purchasing an additional 195 shares during the quarter. Johnson Financial Group Inc.’s holdings in Donaldson were worth $42,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in Donaldson by 43.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock worth $40,000 after buying an additional 180 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Donaldson by 89.6% during the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 369 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Donaldson by 28.7% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 206 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Donaldson by 45.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 353 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in Donaldson by 61.9% in the fourth quarter. National Bank of Canada FI now owns 1,206 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 461 shares during the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Stock Up 0.1 %

Shares of Donaldson stock opened at $65.56 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $66.16 and a 200 day moving average price of $70.08. Donaldson Company, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $78.95. The firm has a market cap of $7.84 billion, a P/E ratio of 19.06, a P/E/G ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. On average, sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DCI has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their target price on Donaldson from $70.00 to $63.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $71.33.

Insider Transactions at Donaldson

In other Donaldson news, Director James Owens sold 18,700 shares of the firm’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $62.02, for a total value of $1,159,774.00. Following the transaction, the director now owns 20,246 shares of the company’s stock, valued at $1,255,656.92. This trade represents a 48.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Thomas R. Scalf sold 28,500 shares of Donaldson stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the completion of the transaction, the president now owns 28,334 shares of the company’s stock, valued at approximately $1,961,279.48. The trade was a 50.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,700 shares of company stock worth $5,164,799. 2.70% of the stock is currently 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.