Jackson Creek Investment Advisors LLC Invests $1.35 Million in Donaldson Company, Inc. $DCI

Jackson Creek Investment Advisors LLC purchased a new position in shares of Donaldson Company, Inc. (NYSE:DCI) during the fourth quarter, Holdings Channel.com reports. The fund purchased 15,180 shares of the industrial products company’s stock, valued at approximately $1,346,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Leonteq Securities AG acquired a new stake in Donaldson in the 4th quarter valued at approximately $40,000. Eagle Bay Advisors LLC acquired a new stake in Donaldson in the 4th quarter valued at approximately $45,000. Clearstead Advisors LLC increased its position in Donaldson by 92.6% in the 4th quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 288 shares during the period. Steph & Co. increased its position in Donaldson by 76.4% in the 4th quarter. Steph & Co. now owns 944 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 409 shares during the period. Finally, CENTRAL TRUST Co increased its position in Donaldson by 40.3% in the 3rd quarter. CENTRAL TRUST Co now owns 1,024 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 294 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other 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 transaction, the director directly owned 22,565 shares in the company, valued at approximately $2,013,023.65. This trade represents a 37.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 19,800 shares of company stock worth $1,765,184. 2.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DCI has been the topic of several analyst reports. Wall Street Zen cut Donaldson from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Jefferies Financial Group raised their target price on Donaldson to $123.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Robert W. Baird lowered their target price on Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. UBS Group set a $96.00 target price on Donaldson in a research report on Tuesday, February 24th. Finally, Morgan Stanley lowered their target price on Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $100.20.

Donaldson Stock Down 1.1%

Shares of DCI stock opened at $83.79 on Thursday. Donaldson Company, Inc. has a 1 year low of $67.71 and a 1 year high of $112.84. The stock has a market cap of $9.70 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 2.13 and a beta of 0.99. The business’s fifty day moving average is $85.91 and its 200-day moving average is $91.91. 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 issued its quarterly earnings results 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). Donaldson had a net margin of 10.09% and a return on equity of 29.85%. The firm had revenue of $896.30 million for the quarter, compared to analyst estimates of $898.64 million. During the same quarter last year, the business posted $0.83 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities analysts expect that Donaldson Company, Inc. will post 3.97 earnings per share 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.