GHP Investment Advisors Inc. Buys 2,873 Shares of Donaldson Company, Inc. $DCI

GHP Investment Advisors Inc. lifted its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 5.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 52,439 shares of the industrial products company’s stock after acquiring an additional 2,873 shares during the period. GHP Investment Advisors Inc.’s holdings in Donaldson were worth $3,637,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DCI. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Donaldson by 78.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,555 shares of the industrial products company’s stock worth $372,000 after acquiring an additional 2,435 shares in the last quarter. D.A. Davidson & CO. bought a new stake in shares of Donaldson during the 1st quarter worth about $255,000. OneDigital Investment Advisors LLC boosted its stake in shares of Donaldson by 22.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 3,697 shares of the industrial products company’s stock worth $248,000 after acquiring an additional 680 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Donaldson by 20.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 244,228 shares of the industrial products company’s stock worth $16,378,000 after acquiring an additional 40,819 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in shares of Donaldson by 13.0% during the 1st quarter. TD Private Client Wealth LLC now owns 2,991 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 345 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Insider Buying and Selling at Donaldson

In other Donaldson news, President Guillermo Briseno sold 13,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $79.03, for a total value of $1,066,905.00. Following the completion of the transaction, the president owned 25,309 shares of the company’s stock, valued at $2,000,170.27. This represents a 34.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Amy C. Becker sold 18,500 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $81.71, for a total value of $1,511,635.00. Following the completion of the transaction, the insider directly owned 44,645 shares of the company’s stock, valued at approximately $3,647,942.95. This trade represents a 29.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 63,900 shares of company stock valued at $5,129,264 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

Donaldson Trading Up 0.7%

Donaldson stock opened at $84.26 on Monday. The business has a 50 day moving average price of $81.41 and a two-hundred day moving average price of $73.87. The company has a quick ratio of 1.25, a current ratio of 1.93 and a debt-to-equity ratio of 0.43. The stock has a market cap of $9.76 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $84.88.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Tuesday, February 28th. The industrial products company reported $0.57 EPS for the quarter. The firm had revenue of $802.50 million during the quarter. Donaldson had a return on equity of 29.50% and a net margin of 9.94%. As a group, equities analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Morgan Stanley upped their price target on Donaldson from $69.00 to $72.00 and gave the stock an “underweight” rating in a research note on Tuesday, September 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Donaldson in a research report on Tuesday, October 14th. Robert W. Baird boosted their price objective on Donaldson from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Stifel Nicolaus boosted their price objective on Donaldson from $69.00 to $84.00 and gave the stock a “hold” rating in a research report on Thursday, August 28th. Finally, Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $80.33.

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.