Sprucegrove Investment Management Ltd. Sells 700 Shares of Donaldson Company, Inc. $DCI

Sprucegrove Investment Management Ltd. decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 275,761 shares of the industrial products company’s stock after selling 700 shares during the quarter. Donaldson comprises approximately 1.5% of Sprucegrove Investment Management Ltd.’s investment portfolio, making the stock its 12th biggest holding. Sprucegrove Investment Management Ltd. owned about 0.24% of Donaldson worth $19,124,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DCI. Hantz Financial Services Inc. grew its holdings in shares of Donaldson by 5,112.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 417 shares of the industrial products company’s stock valued at $29,000 after buying an additional 409 shares during the period. Cullen Frost Bankers Inc. bought a new position in Donaldson during the first quarter worth about $29,000. NewSquare Capital LLC acquired a new position in Donaldson in the second quarter valued at about $34,000. Brooklyn Investment Group increased its holdings in shares of Donaldson by 113.9% in the first quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 320 shares in the last quarter. Finally, Hoese & Co LLP raised its position in shares of Donaldson by 266.7% during the second quarter. Hoese & Co LLP now owns 660 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 480 shares during the period. Institutional investors own 82.81% of the company’s stock.

Insider Buying and Selling at Donaldson

In related news, President Guillermo Briseno sold 13,500 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $79.03, for a total value of $1,066,905.00. Following the completion of the transaction, the president directly owned 25,309 shares of the company’s stock, valued at approximately $2,000,170.27. This trade represents a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Amy C. Becker sold 18,500 shares of the business’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $81.71, for a total transaction of $1,511,635.00. Following the transaction, the insider owned 44,645 shares in the company, valued at approximately $3,647,942.95. The trade was a 29.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 63,900 shares of company stock worth $5,129,264 over the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Donaldson Stock Up 2.5%

Donaldson stock opened at $86.69 on Thursday. The company has a current ratio of 1.93, a quick ratio of 1.25 and a debt-to-equity ratio of 0.43. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $86.76. The company has a fifty day simple moving average of $81.86 and a 200 day simple moving average of $74.27. The company has a market cap of $10.04 billion, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 1.98 and a beta of 1.01.

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