Atria Investments LLC Buys 3,000 Shares of Donaldson Company, Inc. (DCI)

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Atria Investments LLC lifted its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 58.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,132 shares of the industrial products company’s stock after purchasing an additional 3,000 shares during the quarter. Atria Investments LLC’s holdings in Donaldson were worth $474,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DCI. FMR LLC boosted its holdings in Donaldson by 101.2% in the second quarter. FMR LLC now owns 3,442,400 shares of the industrial products company’s stock worth $155,321,000 after acquiring an additional 1,731,506 shares in the last quarter. Vulcan Value Partners LLC purchased a new stake in Donaldson during the second quarter valued at $19,009,000. Janus Henderson Group PLC increased its position in Donaldson by 9.2% during the second quarter. Janus Henderson Group PLC now owns 4,360,680 shares of the industrial products company’s stock valued at $196,754,000 after acquiring an additional 368,578 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Donaldson by 10.3% during the second quarter. Artisan Partners Limited Partnership now owns 1,282,156 shares of the industrial products company’s stock valued at $57,851,000 after acquiring an additional 119,548 shares during the last quarter. Finally, Quantum Capital Management LLC NJ increased its position in Donaldson by 43.2% during the second quarter. Quantum Capital Management LLC NJ now owns 270,827 shares of the industrial products company’s stock valued at $12,220,000 after acquiring an additional 81,754 shares during the last quarter. Institutional investors own 80.85% of the company’s stock.

DCI has been the subject of a number of research reports. Zacks Investment Research upgraded Donaldson from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Monday, September 10th. ValuEngine upgraded Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Oppenheimer restated a “hold” rating on shares of Donaldson in a research report on Sunday, October 14th. Finally, Stifel Nicolaus upped their price target on Donaldson from $54.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, September 14th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Donaldson presently has an average rating of “Buy” and a consensus target price of $56.75.

In other news, Director Willard D. Oberton sold 14,400 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $56.85, for a total value of $818,640.00. Following the sale, the director now directly owns 30,451 shares in the company, valued at $1,731,139.35. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Richard Brent Lewis sold 3,209 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $58.99, for a total value of $189,298.91. Following the completion of the sale, the vice president now owns 4,000 shares in the company, valued at $235,960. The disclosure for this sale can be found here. 1.35% of the stock is owned by company insiders.

Shares of NYSE DCI traded down $0.53 during mid-day trading on Friday, reaching $54.67. The company’s stock had a trading volume of 743,166 shares, compared to its average volume of 641,420. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.58. Donaldson Company, Inc. has a 52 week low of $43.35 and a 52 week high of $59.43.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, September 6th. The industrial products company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. Donaldson had a return on equity of 31.09% and a net margin of 6.59%. The company had revenue of $724.70 million during the quarter, compared to analyst estimates of $727.79 million. During the same period in the prior year, the company earned $0.51 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. Research analysts expect that Donaldson Company, Inc. will post 2.37 EPS for the current fiscal year.

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Donaldson 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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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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