Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Perkins Capital Management Inc.

Perkins Capital Management Inc. lowered its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 17.8% in the third quarter, HoldingsChannel reports. The fund 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.

A number of other institutional investors and hedge funds also recently modified their holdings of DCI. TD Asset Management Inc raised its position in shares of Donaldson by 23.7% in the 1st quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company’s stock worth $143,434,000 after buying an additional 367,705 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Donaldson by 1.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company’s stock worth $134,832,000 after purchasing an additional 32,964 shares during the period. American Century Companies Inc. lifted its stake in shares of Donaldson by 4.7% in the 2nd quarter. American Century Companies Inc. now owns 1,691,903 shares of the industrial products company’s stock valued at $121,073,000 after purchasing an additional 75,733 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of Donaldson by 16.6% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,331,717 shares of the industrial products company’s stock worth $99,453,000 after purchasing an additional 190,024 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Donaldson by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock worth $93,770,000 after purchasing an additional 153,342 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on DCI. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Stifel Nicolaus reduced their target price on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $69.67.

Insiders Place Their Bets

In other Donaldson news, CFO Scott J. Robinson sold 83,600 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were 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 of the company’s stock, valued at $2,791,456.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director James Owens sold 5,210 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total transaction of $373,765.40. Following the transaction, the director now directly owns 17,788 shares in the company, valued at $1,276,111.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Scott J. Robinson sold 83,600 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the sale, the chief financial officer now owns 37,702 shares of the company’s stock, 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 have sold 167,805 shares of company stock worth $12,310,222 in the last three months. 2.70% of the stock is owned by insiders.

Donaldson Price Performance

Shares of DCI stock opened at $77.08 on Thursday. The firm has a fifty day simple moving average of $73.02 and a 200-day simple moving average of $73.00. The company has a market capitalization of $9.23 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.94 and a beta of 1.04. Donaldson Company, Inc. has a twelve month low of $58.56 and a twelve month high of $78.03. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $941.12 million. Equities research analysts anticipate that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

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.