PineStone Asset Management Inc. Purchases 17,000 Shares of Donaldson Company, Inc. (NYSE:DCI)

PineStone Asset Management Inc. raised its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 197,061 shares of the industrial products company’s stock after acquiring an additional 17,000 shares during the quarter. PineStone Asset Management Inc.’s holdings in Donaldson were worth $14,523,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DCI. State of Michigan Retirement System lifted its holdings in shares of Donaldson by 1.7% in the first quarter. State of Michigan Retirement System now owns 29,458 shares of the industrial products company’s stock worth $2,200,000 after buying an additional 500 shares in the last quarter. Norden Group LLC purchased a new stake in Donaldson during the first quarter valued at approximately $933,000. Commonwealth Equity Services LLC lifted its stake in shares of Donaldson by 1.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 33,355 shares of the industrial products company’s stock valued at $2,491,000 after purchasing an additional 586 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Donaldson by 23.4% in the 1st quarter. Van ECK Associates Corp now owns 95,550 shares of the industrial products company’s stock worth $7,136,000 after purchasing an additional 18,120 shares during the period. Finally, Diversify Advisory Services LLC bought a new position in shares of Donaldson during the 1st quarter valued at approximately $310,000. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Stock Down 0.8 %

NYSE:DCI opened at $73.13 on Friday. 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 Company, Inc. has a 1-year low of $57.05 and a 1-year high of $78.03. The company has a 50-day moving average of $72.92 and a 200 day moving average of $72.91. The firm has a market cap of $8.76 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 1.94 and a beta of 1.04.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. The firm 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, research analysts anticipate that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Insider Buying and Selling at Donaldson

In related news, Director James Owens sold 5,210 shares of the company’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 completion of the sale, the director now directly owns 17,788 shares in the company, valued at $1,276,111.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Donaldson news, insider Amy C. Becker sold 14,500 shares of Donaldson stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $72.89, for a total value of $1,056,905.00. Following the transaction, the insider now directly owns 41,368 shares of the company’s stock, valued at approximately $3,015,313.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Owens sold 5,210 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total value 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 167,805 shares of company stock valued at $12,310,222. 2.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.