SFE Investment Counsel Has $5.43 Million Position in Donaldson Company, Inc. $DCI

SFE Investment Counsel increased its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 7.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,248 shares of the industrial products company’s stock after acquiring an additional 5,398 shares during the period. SFE Investment Counsel owned about 0.07% of Donaldson worth $5,426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in DCI. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Donaldson by 78.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,555 shares of the industrial products company’s stock valued at $372,000 after purchasing an additional 2,435 shares in the last quarter. D.A. Davidson & CO. bought a new stake in shares of Donaldson during the 1st quarter worth $255,000. OneDigital Investment Advisors LLC boosted its stake in Donaldson by 22.5% in the first quarter. OneDigital Investment Advisors LLC now owns 3,697 shares of the industrial products company’s stock valued at $248,000 after buying an additional 680 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Donaldson by 20.1% in the first quarter. Envestnet Asset Management Inc. now owns 244,228 shares of the industrial products company’s stock valued at $16,378,000 after acquiring an additional 40,819 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its stake in Donaldson by 13.0% during the first quarter. TD Private Client Wealth LLC now owns 2,991 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 345 shares in the last quarter. 82.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Donaldson

In other news, Director Trudy A. Rautio sold 31,900 shares of the 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 sale, the director owned 29,330 shares of the company’s stock, valued at approximately $2,345,226.80. This represents a 52.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Guillermo Briseno sold 13,500 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $79.03, for a total value of $1,066,905.00. Following the transaction, the president owned 25,309 shares of the company’s stock, valued at $2,000,170.27. This trade represents a 34.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 63,900 shares of company stock worth $5,129,264. Insiders own 2.20% of the company’s stock.

Donaldson Trading Up 1.2%

DCI opened at $86.92 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.93 and a quick ratio of 1.25. Donaldson Company, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $87.64. The company’s 50 day moving average price is $82.12 and its two-hundred day moving average price is $74.60. The firm has a market capitalization of $10.07 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 1.98 and a beta of 1.01.

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