Donaldson Company, Inc. (NYSE:DCI) Director Douglas A. Milroy purchased 550 shares of the stock in a transaction on Tuesday, March 13th. The stock was bought at an average price of $45.30 per share, for a total transaction of $24,915.00. Following the completion of the transaction, the director now directly owns 3,598 shares of the company’s stock, valued at $162,989.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Donaldson Company, Inc. (NYSE:DCI) traded up $0.25 during mid-day trading on Friday, hitting $45.26. The stock had a trading volume of 886,237 shares, compared to its average volume of 516,607. The company has a quick ratio of 2.15, a current ratio of 2.94 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $5,847.14, a PE ratio of 44.37, a PEG ratio of 2.05 and a beta of 1.12. Donaldson Company, Inc. has a 12 month low of $42.59 and a 12 month high of $52.20.
Donaldson (NYSE:DCI) last announced its earnings results on Tuesday, March 6th. The industrial products company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The business had revenue of $664.70 million for the quarter, compared to the consensus estimate of $630.53 million. Donaldson had a return on equity of 29.25% and a net margin of 5.29%. Donaldson’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 EPS. equities research analysts forecast that Donaldson Company, Inc. will post 1.98 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in DCI. Atlanta Capital Management Co. L L C grew its holdings in shares of Donaldson by 13.1% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 3,407,450 shares of the industrial products company’s stock worth $166,794,000 after purchasing an additional 393,830 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Donaldson by 1.5% during the fourth quarter. BlackRock Inc. now owns 10,778,537 shares of the industrial products company’s stock valued at $527,609,000 after acquiring an additional 162,383 shares during the period. APG Asset Management N.V. lifted its stake in shares of Donaldson by 121.5% during the fourth quarter. APG Asset Management N.V. now owns 293,900 shares of the industrial products company’s stock valued at $11,981,000 after acquiring an additional 161,200 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Donaldson by 394.0% during the third quarter. JPMorgan Chase & Co. now owns 158,182 shares of the industrial products company’s stock valued at $7,278,000 after acquiring an additional 126,161 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Donaldson by 831.2% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 137,499 shares of the industrial products company’s stock valued at $6,317,000 after acquiring an additional 122,734 shares during the period. Institutional investors own 79.18% of the company’s stock.
A number of analysts have weighed in on the company. Zacks Investment Research cut Donaldson from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. SunTrust Banks reiterated a “hold” rating and issued a $50.00 price target on shares of Donaldson in a research report on Friday, December 1st. Oppenheimer reiterated a “hold” rating on shares of Donaldson in a research report on Monday, December 18th. TheStreet cut Donaldson from an “a-” rating to a “c+” rating in a research report on Tuesday, March 6th. Finally, Gabelli upgraded Donaldson from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 7th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $51.00.
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Donaldson Company Profile
Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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