Atria Investments Inc Raises Stake in Donaldson Company, Inc. (NYSE:DCI)

Atria Investments Inc increased its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 7.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 9,301 shares of the industrial products company’s stock after purchasing an additional 620 shares during the period. Atria Investments Inc’s holdings in Donaldson were worth $685,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DCI. UMB Bank n.a. lifted its holdings in Donaldson by 359.2% during the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 273 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of 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 acquiring an additional 494 shares in the last quarter. Mather Group LLC. raised its holdings in shares of Donaldson by 408.1% in the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 404 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Donaldson in the 3rd quarter valued at about $41,000. Finally, V Square Quantitative Management LLC raised its holdings in shares of Donaldson by 52.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Activity

In other Donaldson news, President Thomas R. Scalf sold 2,500 shares of Donaldson stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total value of $182,900.00. Following the completion of the sale, the president now owns 28,334 shares of the company’s stock, valued at approximately $2,072,915.44. This trade represents a 8.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Scott J. Robinson sold 83,600 shares of Donaldson stock in a transaction on Friday, September 27th. The stock was sold at an average price of $74.04, for a total value of $6,189,744.00. Following the completion of the sale, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at $2,791,456.08. The trade was a 68.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 167,805 shares of company stock worth $12,310,222 in the last quarter. 2.70% of the stock is owned by company insiders.

Donaldson Price Performance

Shares of Donaldson stock opened at $75.27 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $9.01 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 2.01 and a beta of 1.04. The business’s 50-day moving average price is $74.08 and its 200-day moving average price is $73.28. Donaldson Company, Inc. has a 12 month low of $58.75 and a 12 month high of $78.71.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. The firm had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. Sell-side analysts forecast that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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