Raymond James & Associates Grows Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Raymond James & Associates lifted its position in Donaldson Company, Inc. (NYSE:DCI) by 6.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 195,258 shares of the industrial products company’s stock after buying an additional 11,664 shares during the period. Raymond James & Associates owned approximately 0.16% of Donaldson worth $14,390,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. UMB Bank n.a. lifted its holdings in Donaldson by 359.2% in the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 273 shares during the period. Park Place Capital Corp purchased a new position in shares of Donaldson in the first quarter valued at approximately $27,000. Versant Capital Management Inc lifted its holdings in Donaldson by 1,372.2% in the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 494 shares in the last quarter. Mather Group LLC. boosted its stake in Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 404 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in shares of Donaldson by 52.0% during the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after buying an additional 207 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DCI. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. Stifel Nicolaus lowered their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $69.67.

Donaldson Stock Performance

NYSE:DCI opened at $74.88 on Monday. The company’s 50-day moving average is $72.86 and its two-hundred day moving average is $72.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. The firm has a market capitalization of $9.02 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 1.92 and a beta of 1.04. Donaldson Company, Inc. has a 1-year low of $57.05 and a 1-year high of $78.03.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The company had revenue of $935.40 million for the quarter, compared to analysts’ expectations of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. Analysts forecast that Donaldson Company, Inc. will post 3.63 EPS for the current year.

Insider Activity

In related news, President Thomas R. Scalf sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total transaction of $182,900.00. Following the completion of the transaction, the president now directly owns 28,334 shares of the company’s stock, valued at $2,072,915.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Amy C. Becker sold 14,500 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $72.89, for a total transaction of $1,056,905.00. Following the completion of the sale, the insider now owns 41,368 shares in the company, valued at $3,015,313.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total transaction of $182,900.00. Following the completion of the transaction, the president now owns 28,334 shares in the company, valued at $2,072,915.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 167,805 shares of company stock worth $12,310,222. Corporate insiders own 2.58% of the company’s stock.

Donaldson 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.