Vanguard Group Inc. Has $1.05 Billion Stake in Donaldson Company, Inc. $DCI

Vanguard Group Inc. trimmed its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,809,433 shares of the industrial products company’s stock after selling 229,741 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Donaldson worth $1,047,024,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Perigon Wealth Management LLC lifted its position in shares of Donaldson by 3.6% during the fourth quarter. Perigon Wealth Management LLC now owns 3,440 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 118 shares in the last quarter. Signaturefd LLC lifted its position in shares of Donaldson by 9.6% during the fourth quarter. Signaturefd LLC now owns 1,403 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 123 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Donaldson by 1.6% during the third quarter. Verdence Capital Advisors LLC now owns 8,502 shares of the industrial products company’s stock worth $711,000 after purchasing an additional 131 shares in the last quarter. AMG National Trust Bank lifted its position in shares of Donaldson by 0.6% during the third quarter. AMG National Trust Bank now owns 21,713 shares of the industrial products company’s stock worth $1,777,000 after purchasing an additional 134 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC lifted its position in shares of Donaldson by 4.3% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 4,008 shares of the industrial products company’s stock worth $328,000 after purchasing an additional 164 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Donaldson news, Director James Owens sold 13,753 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $89.21, for a total value of $1,226,905.13. Following the completion of the sale, the director owned 22,565 shares of the company’s stock, valued at approximately $2,013,023.65. This represents a 37.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 19,800 shares of company stock valued at $1,765,184 over the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Donaldson Stock Down 2.1%

Shares of NYSE:DCI opened at $86.35 on Friday. Donaldson Company, Inc. has a 52 week low of $65.72 and a 52 week high of $112.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 2.29. The company has a market capitalization of $10.00 billion, a PE ratio of 26.99, a PEG ratio of 2.22 and a beta of 1.05. The company has a 50 day moving average price of $89.23 and a two-hundred day moving average price of $91.71.

Donaldson (NYSE:DCI) last issued its earnings results on Wednesday, February 25th. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.07). Donaldson had a net margin of 10.09% and a return on equity of 29.85%. The firm had revenue of $896.30 million during the quarter, compared to the consensus estimate of $898.64 million. During the same period in the previous year, the company posted $0.83 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts forecast that Donaldson Company, Inc. will post 3.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DCI has been the subject of a number of recent research reports. Robert W. Baird dropped their price target on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. UBS Group set a $96.00 price target on shares of Donaldson in a research note on Tuesday, February 24th. Morgan Stanley dropped their price target on shares of Donaldson from $93.00 to $91.00 and set an “equal weight” rating for the company in a research note on Monday, March 9th. Weiss Ratings downgraded shares of Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Finally, Wall Street Zen downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $100.20.

Donaldson 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.