Perkins Capital Management Inc. Trims Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Perkins Capital Management Inc. reduced its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 17.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,300 shares of the industrial products company’s stock after selling 1,584 shares during the quarter. Perkins Capital Management Inc.’s holdings in Donaldson were worth $538,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DCI. UMB Bank n.a. grew its position in shares of Donaldson by 359.2% during the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 273 shares during the last quarter. Versant Capital Management Inc increased its stake in Donaldson by 1,372.2% in the second 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 during the period. Mather Group LLC. raised its holdings in shares of Donaldson by 408.1% in the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after buying an additional 404 shares during the last quarter. V Square Quantitative Management LLC boosted its stake 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 during the period. Finally, Montag A & Associates Inc. purchased a new position in shares of Donaldson during the first quarter worth about $52,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Willard D. Oberton sold 2,700 shares of Donaldson stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $73.37, for a total transaction of $198,099.00. Following the completion of the transaction, the director now directly owns 27,983 shares in the company, valued at $2,053,112.71. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Donaldson news, Director Willard D. Oberton sold 2,700 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $73.37, for a total value of $198,099.00. Following the transaction, the director now directly owns 27,983 shares in the company, valued at approximately $2,053,112.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Owens sold 5,210 shares of Donaldson stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total transaction of $373,765.40. Following the sale, the director now owns 17,788 shares of the company’s stock, valued at approximately $1,276,111.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 167,805 shares of company stock worth $12,310,222 over the last ninety days. 2.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Stifel Nicolaus lowered their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.67.

Donaldson Price Performance

Shares of NYSE:DCI opened at $77.08 on Thursday. Donaldson Company, Inc. has a 12 month low of $58.56 and a 12 month high of $78.03. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.94 and a beta of 1.04. The business’s 50 day simple moving average is $73.02 and its 200-day simple moving average is $73.00. 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 posted its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. The company had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. As a group, equities analysts forecast that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

About Donaldson

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.