Voya Investment Management LLC Buys 14,127 Shares of Donaldson Company, Inc. (NYSE:DCI)

Voya Investment Management LLC grew its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 12.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,477 shares of the industrial products company’s stock after purchasing an additional 14,127 shares during the period. Voya Investment Management LLC’s holdings in Donaldson were worth $8,788,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of DCI. Norges Bank bought a new stake in shares of Donaldson during the 4th quarter valued at about $65,828,000. Scharf Investments LLC bought a new stake in shares of Donaldson during the 4th quarter valued at about $61,697,000. Capital Counsel LLC NY boosted its stake in shares of Donaldson by 489.2% during the 4th quarter. Capital Counsel LLC NY now owns 656,957 shares of the industrial products company’s stock valued at $44,246,000 after purchasing an additional 545,457 shares in the last quarter. Fiduciary Management Inc. WI boosted its stake in shares of Donaldson by 19.9% during the 4th quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company’s stock valued at $148,795,000 after purchasing an additional 367,383 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Donaldson by 24.7% during the 4th quarter. Invesco Ltd. now owns 1,512,667 shares of the industrial products company’s stock valued at $101,878,000 after purchasing an additional 299,302 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Stifel Nicolaus lowered their price target on shares of Donaldson from $70.00 to $63.00 and set a “hold” rating for the company in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $71.33.

Insiders Place Their Bets

In related news, Director James Owens sold 18,700 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 20,246 shares in the company, valued at approximately $1,255,656.92. This trade represents a 48.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Thomas R. Scalf sold 29,500 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the sale, the president now owns 28,334 shares of the company’s stock, valued at approximately $1,951,929.26. This represents a 51.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,700 shares of company stock valued at $5,164,799. Insiders own 2.70% of the company’s stock.

Donaldson Trading Up 0.1 %

Shares of NYSE DCI opened at $65.56 on Wednesday. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $78.95. The stock has a market cap of $7.84 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. The firm has a 50-day moving average of $66.16 and a 200 day moving average of $70.08. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20.

Donaldson (NYSE:DCI) last issued its 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 during the quarter, compared to analysts’ expectations of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. As a group, sell-side analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

About Donaldson

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.