Private Advisor Group LLC Increases Position in Donaldson Company, Inc. (NYSE:DCI)

Private Advisor Group LLC increased its stake in Donaldson Company, Inc. (NYSE:DCI) by 7.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,877 shares of the industrial products company’s stock after purchasing an additional 1,974 shares during the quarter. Private Advisor Group LLC’s holdings in Donaldson were worth $2,128,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Eastern Bank purchased a new position in shares of Donaldson in the 3rd quarter valued at about $8,513,000. Jade Capital Advisors LLC acquired a new stake in Donaldson in the 3rd quarter valued at about $737,000. Whittier Trust Co. of Nevada Inc. grew its stake in Donaldson by 10.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,325 shares of the industrial products company’s stock valued at $245,000 after acquiring an additional 316 shares during the last quarter. Raymond James & Associates grew its stake in Donaldson by 6.4% in the 3rd quarter. Raymond James & Associates now owns 195,258 shares of the industrial products company’s stock valued at $14,390,000 after acquiring an additional 11,664 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Donaldson by 13.3% in the 3rd quarter. Blue Trust Inc. now owns 2,586 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 304 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Buying and Selling

In related news, President Thomas R. Scalf sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total value of $182,900.00. Following the sale, the president now directly owns 28,334 shares of the company’s stock, valued at approximately $2,072,915.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, President Thomas R. Scalf sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total value of $182,900.00. Following the sale, the president now directly owns 28,334 shares of the company’s stock, valued at approximately $2,072,915.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Amy C. Becker sold 14,500 shares of the firm’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 directly owns 41,368 shares in the company, valued at $3,015,313.52. 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 valued at $12,310,222. Insiders own 2.58% of the company’s stock.

Donaldson Price Performance

Donaldson stock opened at $74.94 on Wednesday. Donaldson Company, Inc. has a 12-month low of $57.05 and a 12-month high of $78.03. The stock has a market capitalization of $9.02 billion, a P/E ratio of 23.20, a P/E/G ratio of 1.92 and a beta of 1.04. The firm’s 50-day moving average is $72.95 and its two-hundred day moving average is $72.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DCI shares. 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 price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $69.67.

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.