Donaldson Company, Inc. $DCI Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,215 shares of the industrial products company’s stock after selling 624 shares during the quarter. Amalgamated Bank’s holdings in Donaldson were worth $3,829,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Kingstone Capital Partners Texas LLC acquired a new position in shares of Donaldson during the second quarter valued at approximately $679,475,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Donaldson by 75.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,330,602 shares of the industrial products company’s stock valued at $223,350,000 after acquiring an additional 1,430,120 shares during the period. Boston Trust Walden Corp increased its stake in shares of Donaldson by 7.8% during the second quarter. Boston Trust Walden Corp now owns 2,825,916 shares of the industrial products company’s stock valued at $195,977,000 after acquiring an additional 203,957 shares during the period. Fiduciary Management Inc. WI increased its stake in shares of Donaldson by 13.1% during the first quarter. Fiduciary Management Inc. WI now owns 2,499,756 shares of the industrial products company’s stock valued at $167,634,000 after acquiring an additional 290,477 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Donaldson by 12.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,818,227 shares of the industrial products company’s stock valued at $121,926,000 after acquiring an additional 202,746 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on DCI. Robert W. Baird raised their price objective on shares of Donaldson from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Stifel Nicolaus lifted their price target on shares of Donaldson from $69.00 to $84.00 and gave the stock a “hold” rating in a research report on Thursday, August 28th. Weiss Ratings restated a “buy (b)” rating on shares of Donaldson in a research report on Tuesday, October 14th. Morgan Stanley lifted their price target on shares of Donaldson from $69.00 to $72.00 and gave the stock an “underweight” rating in a research report on Tuesday, September 2nd. Finally, Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $80.33.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director Trudy A. Rautio sold 31,900 shares of Donaldson stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $79.96, for a total transaction of $2,550,724.00. Following the completion of the sale, the director owned 29,330 shares of the company’s stock, valued at $2,345,226.80. This trade represents a 52.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Guillermo Briseno sold 13,500 shares of Donaldson stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $79.03, for a total transaction of $1,066,905.00. Following the sale, the president directly owned 25,309 shares of the company’s stock, valued at $2,000,170.27. This trade represents a 34.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 63,900 shares of company stock valued at $5,129,264 in the last quarter. Company insiders own 2.20% of the company’s stock.

Donaldson Trading Up 0.7%

Donaldson stock opened at $84.26 on Monday. The company has a 50 day moving average price of $81.41 and a 200 day moving average price of $73.87. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $84.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.93. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 27.63, a P/E/G ratio of 1.98 and a beta of 0.99.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, February 28th. The industrial products company reported $0.57 EPS for the quarter. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. The firm had revenue of $802.50 million during the quarter. Research analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current 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.