Donaldson Company, Inc. $DCI Shares Newly Acquired by First Nebraska Trust Co

First Nebraska Trust Co purchased a new position in Donaldson Company, Inc. (NYSE:DCI) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 77,307 shares of the industrial products company’s stock, valued at approximately $6,729,000.

Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Donaldson during the second quarter worth about $1,072,012,000. Bank of New York Mellon Corp purchased a new position in shares of Donaldson in the 2nd quarter valued at approximately $95,542,000. Bank of America Corp DE purchased a new position in shares of Donaldson in the 2nd quarter valued at approximately $46,685,000. Jupiter Topco LLC acquired a new stake in Donaldson in the 2nd quarter worth approximately $40,995,000. Finally, Ceredex Value Advisors LLC acquired a new stake in Donaldson in the 2nd quarter worth approximately $33,538,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Donaldson Stock Up 0.8%

Donaldson stock opened at $86.03 on Wednesday. The business’s 50-day simple moving average is $87.92 and its two-hundred day simple moving average is $90.66. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.41 and a current ratio of 2.08. The company has a market cap of $9.96 billion, a PE ratio of 22.34, a PEG ratio of 1.97 and a beta of 0.88. Donaldson Company, Inc. has a fifty-two week low of $79.61 and a fifty-two week high of $112.84.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Tuesday, August 25th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. Donaldson had a return on equity of 28.68% and a net margin of 11.68%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business posted $1.03 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts anticipate that Donaldson Company, Inc. will post 4.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DCI. Morgan Stanley boosted their target price on shares of Donaldson from $91.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 29th. Wall Street Zen cut shares of Donaldson from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Stifel Nicolaus set a $95.00 price target on shares of Donaldson in a report on Friday, August 28th. Robert W. Baird lifted their price objective on shares of Donaldson from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Finally, Weiss Ratings raised shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $101.67.

About Donaldson

Donaldson Company, Inc (NYSE: DCI) is a global manufacturer of filtration systems and replacement parts. The company serves original-equipment manufacturers, industrial businesses and aftermarket customers with products designed to protect engines, equipment, processes and the surrounding environment.

Its product portfolio includes air, oil, fuel, hydraulic and coolant filters for on- and off-road vehicles and heavy equipment, as well as filtration systems for industrial dust, fume and mist collection.