ProShare Advisors LLC Trims Stake in Donaldson Company, Inc. $DCI

ProShare Advisors LLC lowered its stake in Donaldson Company, Inc. (NYSE:DCI) by 18.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 400,289 shares of the industrial products company’s stock after selling 90,412 shares during the quarter. ProShare Advisors LLC’s holdings in Donaldson were worth $35,490,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. TD Private Client Wealth LLC lifted its stake in Donaldson by 28.6% in the 4th quarter. TD Private Client Wealth LLC now owns 3,746 shares of the industrial products company’s stock valued at $332,000 after buying an additional 832 shares in the last quarter. North Dakota State Investment Board purchased a new stake in Donaldson in the 4th quarter valued at approximately $364,000. Accredited Investors Inc. lifted its stake in Donaldson by 3.5% in the 4th quarter. Accredited Investors Inc. now owns 4,479 shares of the industrial products company’s stock valued at $397,000 after buying an additional 153 shares in the last quarter. Arjuna Capital purchased a new stake in Donaldson in the 4th quarter valued at approximately $2,655,000. Finally, Stephens Inc. AR purchased a new stake in Donaldson in the 4th quarter valued at approximately $201,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Activity at Donaldson

In other news, Director James Owens sold 13,753 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the completion of the sale, the director directly owned 22,565 shares in the company, valued at $2,013,023.65. This represents a 37.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders sold 19,800 shares of company stock worth $1,765,184. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on DCI. Jefferies Financial Group upped their target price on Donaldson to $123.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Weiss Ratings lowered Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Wall Street Zen lowered Donaldson from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Morgan Stanley reduced their price target on Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Monday, March 9th. Finally, Robert W. Baird reduced their price target on Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $100.20.

Donaldson Trading Down 1.0%

DCI stock opened at $81.61 on Wednesday. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 2.08 and a beta of 0.99. The company has a quick ratio of 1.46, a current ratio of 2.29 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $86.36 and a 200-day simple moving average of $91.97. Donaldson Company, Inc. has a 52 week low of $67.71 and a 52 week high of $112.84.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.07). The firm had revenue of $896.30 million for the quarter, compared to analyst estimates of $898.64 million. Donaldson had a return on equity of 29.85% and a net margin of 10.09%.The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.83 earnings per share. On average, equities research analysts expect that Donaldson Company, Inc. will post 3.97 EPS for the current year.

Donaldson Company Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.