Simon Quick Advisors LLC Acquires New Stake in Donaldson Company, Inc. $DCI

Simon Quick Advisors LLC acquired a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 2,959 shares of the industrial products company’s stock, valued at approximately $205,000.

Several other institutional investors have also recently made changes to their positions in DCI. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Donaldson during the second quarter worth about $679,475,000. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Donaldson by 75.3% in the 1st 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 purchasing an additional 1,430,120 shares during the last quarter. Carnegie Investment Counsel bought a new stake in shares of Donaldson in the 1st quarter valued at approximately $23,147,000. Fiduciary Management Inc. WI lifted its stake in shares of Donaldson by 13.1% during the 1st quarter. Fiduciary Management Inc. WI now owns 2,499,756 shares of the industrial products company’s stock worth $167,634,000 after acquiring an additional 290,477 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Donaldson by 32.4% during the 1st quarter. AQR Capital Management LLC now owns 1,172,395 shares of the industrial products company’s stock worth $77,636,000 after acquiring an additional 286,598 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Buying and Selling at Donaldson

In other news, Director Trudy A. Rautio sold 31,900 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $79.96, for a total value of $2,550,724.00. Following the completion of the transaction, the director owned 29,330 shares of the company’s stock, valued at $2,345,226.80. The trade was a 52.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Amy C. Becker sold 18,500 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $81.71, for a total value of $1,511,635.00. Following the completion of the transaction, the insider directly owned 44,645 shares of the company’s stock, valued at $3,647,942.95. The trade was a 29.30% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 63,900 shares of company stock worth $5,129,264. 2.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Donaldson Stock Up 0.2%

Donaldson stock opened at $84.63 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.93 and a quick ratio of 1.25. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 1.98 and a beta of 0.99. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $84.93. The business has a fifty day moving average price of $81.77 and a 200-day moving average price of $74.18.

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

Donaldson Company 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.