Donaldson Company, Inc. $DCI Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its position in Donaldson Company, Inc. (NYSE:DCI) by 3,094.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,377 shares of the industrial products company’s stock after buying an additional 42,988 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Donaldson were worth $3,934,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Thrivent Financial for Lutherans increased its holdings in shares of Donaldson by 7.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 39,194 shares of the industrial products company’s stock worth $3,480,000 after buying an additional 2,552 shares during the last quarter. Arbejdsmarkedets Tillaegspension acquired a new stake in shares of Donaldson during the 4th quarter worth approximately $22,872,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Donaldson during the 4th quarter worth approximately $596,000. Granite Bay Wealth Management LLC increased its holdings in shares of Donaldson by 1.6% during the 4th quarter. Granite Bay Wealth Management LLC now owns 14,229 shares of the industrial products company’s stock worth $1,262,000 after buying an additional 229 shares during the last quarter. Finally, Swiss Life Asset Management Ltd increased its holdings in shares of Donaldson by 57.3% during the 4th quarter. Swiss Life Asset Management Ltd now owns 8,229 shares of the industrial products company’s stock worth $730,000 after buying an additional 2,996 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Trading Up 0.1%

NYSE DCI opened at $83.73 on Monday. The firm’s 50-day moving average is $86.02 and its two-hundred day moving average is $91.95. Donaldson Company, Inc. has a 12 month low of $67.71 and a 12 month high of $112.84. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.29 and a quick ratio of 1.46. The stock has a market capitalization of $9.70 billion, a P/E ratio of 26.17, a PEG ratio of 2.11 and a beta of 0.99.

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

Insider Activity

In other news, Director James Owens sold 13,753 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $89.21, for a total value of $1,226,905.13. Following the completion of the transaction, 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 document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 19,800 shares of company stock worth $1,765,184 over the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. UBS Group set a $96.00 price target on shares of Donaldson in a report on Tuesday, February 24th. Morgan Stanley cut their price target on shares of Donaldson from $93.00 to $91.00 and set an “equal weight” rating for the company in a report on Monday, March 9th. Wall Street Zen cut shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Jefferies Financial Group upped their target price on shares of Donaldson to $123.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Finally, Robert W. Baird decreased their target price on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $100.20.

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.