HighTower Advisors LLC Sells 14,384 Shares of Donaldson Company, Inc. $DCI

HighTower Advisors LLC trimmed its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 567,022 shares of the industrial products company’s stock after selling 14,384 shares during the period. HighTower Advisors LLC owned 0.49% of Donaldson worth $50,272,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Eagle Bay Advisors LLC bought a new position in Donaldson during the fourth quarter valued at $45,000. CENTRAL TRUST Co grew its holdings in Donaldson by 40.3% during the third quarter. CENTRAL TRUST Co now owns 1,024 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 294 shares during the period. Steph & Co. grew its holdings in Donaldson by 76.4% during the fourth quarter. Steph & Co. now owns 944 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 409 shares during the period. Hantz Financial Services Inc. grew its holdings in Donaldson by 200.0% during the third quarter. Hantz Financial Services Inc. now owns 1,251 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 834 shares during the period. Finally, Root Financial Partners LLC bought a new position in shares of Donaldson in the third quarter worth $109,000. 82.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DCI shares. Wall Street Zen cut Donaldson from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Jefferies Financial Group lifted their price target on Donaldson to $123.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Robert W. Baird reduced their price target on Donaldson from $104.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Morgan Stanley reduced their price target on Donaldson from $93.00 to $91.00 and set an “equal weight” rating for the company in a research report on Monday, March 9th. Finally, Weiss Ratings cut Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Donaldson has an average rating of “Hold” and an average price target of $100.20.

Insider Transactions at Donaldson

In related news, Director James Owens sold 13,753 shares of Donaldson stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the completion of the sale, the director owned 22,565 shares of the company’s stock, valued at approximately $2,013,023.65. This trade represents a 37.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 19,800 shares of company stock worth $1,765,184 over the last three months. 2.20% of the stock is currently owned by company insiders.

Donaldson Price Performance

NYSE:DCI opened at $82.52 on Friday. The firm has a market capitalization of $9.56 billion, a price-to-earnings ratio of 25.79, a P/E/G ratio of 2.09 and a beta of 0.99. Donaldson Company, Inc. has a 52-week low of $67.71 and a 52-week high of $112.84. The stock has a fifty day moving average of $86.12 and a 200 day moving average of $91.95. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 2.29.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.07). The business had revenue of $896.30 million for the quarter, compared to the consensus estimate of $898.64 million. Donaldson had a net margin of 10.09% and a return on equity of 29.85%. Donaldson’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 EPS. On average, research analysts expect that Donaldson Company, Inc. will post 3.97 EPS for the current fiscal year.

Donaldson Company Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.