Norges Bank bought a new position in Donaldson Company, Inc. (NYSE:DCI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 822,026 shares of the industrial products company’s stock, valued at approximately $35,668,000. Norges Bank owned about 0.64% of Donaldson as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc grew its holdings in Donaldson by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 12,475,701 shares of the industrial products company’s stock worth $726,835,000 after acquiring an additional 84,864 shares during the last quarter. BlackRock Inc. grew its holdings in Donaldson by 0.9% during the 4th quarter. BlackRock Inc. now owns 11,367,420 shares of the industrial products company’s stock worth $493,234,000 after acquiring an additional 103,485 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Donaldson by 4,293.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,243,003 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 2,191,949 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Donaldson by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,941,001 shares of the industrial products company’s stock worth $113,084,000 after acquiring an additional 8,545 shares during the last quarter. Finally, BTIM Corp. grew its holdings in Donaldson by 1.0% during the 4th quarter. BTIM Corp. now owns 1,604,801 shares of the industrial products company’s stock worth $69,632,000 after acquiring an additional 15,488 shares during the last quarter. 79.96% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have commented on DCI. Zacks Investment Research raised shares of Donaldson from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Robert W. Baird reissued a “hold” rating and set a $52.00 price objective on shares of Donaldson in a report on Friday, December 21st. Finally, ValuEngine lowered shares of Donaldson from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Six investment analysts have rated the stock with a hold rating, Donaldson presently has an average rating of “Hold” and a consensus target price of $55.25.
Shares of NYSE:DCI opened at $52.65 on Tuesday. Donaldson Company, Inc. has a 12 month low of $40.27 and a 12 month high of $59.43. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 2.35. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 2.10 and a beta of 1.43.
Donaldson (NYSE:DCI) last issued its earnings results on Wednesday, March 6th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.04). The business had revenue of $703.70 million during the quarter, compared to the consensus estimate of $719.40 million. Donaldson had a net margin of 10.82% and a return on equity of 32.75%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS. Analysts expect that Donaldson Company, Inc. will post 2.33 earnings per share for the current fiscal year.
In other news, Chairman Tod E. Carpenter sold 4,000 shares of the firm’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $50.02, for a total value of $200,080.00. Following the transaction, the chairman now owns 102,037 shares of the company’s stock, valued at approximately $5,103,890.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas A. Milroy bought 560 shares of Donaldson stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $49.05 per share, for a total transaction of $27,468.00. Following the purchase, the director now directly owns 4,449 shares in the company, valued at approximately $218,223.45. The disclosure for this purchase can be found here. 1.35% of the stock is currently owned by company insiders.
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Donaldson Company Profile
Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.
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