Washington Trust Bank Makes New Investment in Donaldson Company, Inc. (NYSE:DCI)

Washington Trust Bank purchased a new stake in Donaldson Company, Inc. (NYSE:DCI) in the third quarter, according to its most recent filing with the SEC. The fund purchased 2,750 shares of the industrial products company’s stock, valued at approximately $203,000.

Other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in Donaldson by 7.7% during the 1st quarter. BNP Paribas Financial Markets now owns 14,179 shares of the industrial products company’s stock valued at $1,059,000 after purchasing an additional 1,017 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Donaldson by 11.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,523 shares of the industrial products company’s stock worth $263,000 after acquiring an additional 351 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in Donaldson by 0.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 105,142 shares of the industrial products company’s stock valued at $7,852,000 after purchasing an additional 886 shares during the period. Quantbot Technologies LP boosted its stake in Donaldson by 142.9% during the 1st quarter. Quantbot Technologies LP now owns 21,510 shares of the industrial products company’s stock valued at $1,606,000 after purchasing an additional 12,655 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Donaldson by 254.5% in the 1st quarter. SG Americas Securities LLC now owns 22,386 shares of the industrial products company’s stock valued at $1,672,000 after acquiring an additional 16,071 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

Donaldson Price Performance

DCI stock opened at $76.98 on Friday. The company has a fifty day moving average price of $73.13 and a 200-day moving average price of $73.03. The company has a market capitalization of $9.22 billion, a P/E ratio of 22.78, a PEG ratio of 1.95 and a beta of 1.04. Donaldson Company, Inc. has a 52-week low of $58.75 and a 52-week high of $78.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84.

Donaldson (NYSE:DCI) last posted 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 business had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. As a group, equities analysts expect that Donaldson Company, Inc. will post 3.63 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus dropped their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company 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 equities research 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $69.67.

Insiders Place Their Bets

In related news, President Thomas R. Scalf sold 2,500 shares of the company’s stock in a transaction 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 sale, the president now directly owns 28,334 shares in the company, valued at $2,072,915.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total transaction 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 represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Scott J. Robinson sold 83,600 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the completion of the transaction, the chief financial officer now directly owns 37,702 shares in the company, valued at approximately $2,791,456.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 167,805 shares of company stock valued at $12,310,222 in the last quarter. Corporate insiders own 2.70% 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.