Donaldson Company, Inc. $DCI Stock Sold by TrinityBridge Ltd

TrinityBridge Ltd decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 20.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 525,566 shares of the industrial products company’s stock after selling 133,769 shares during the quarter. Donaldson makes up 1.3% of TrinityBridge Ltd’s investment portfolio, making the stock its 22nd largest position. TrinityBridge Ltd owned approximately 0.45% of Donaldson worth $45,785,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DCI. Integrity Alliance LLC. increased its holdings in shares of Donaldson by 9.2% in the third quarter. Integrity Alliance LLC. now owns 7,479 shares of the industrial products company’s stock worth $651,000 after purchasing an additional 631 shares during the period. First Nebraska Trust Co purchased a new stake in shares of Donaldson in the third quarter worth $6,729,000. Eads & Heald Wealth Management boosted its stake in Donaldson by 1.8% during the third quarter. Eads & Heald Wealth Management now owns 14,063 shares of the industrial products company’s stock valued at $1,224,000 after buying an additional 243 shares during the period. Next Level Wealth Planning LLC purchased a new position in Donaldson during the third quarter worth about $47,000. Finally, SFE Investment Counsel grew its position in Donaldson by 2.4% during the third quarter. SFE Investment Counsel now owns 66,519 shares of the industrial products company’s stock worth $5,790,000 after buying an additional 1,561 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Donaldson Stock Performance

NYSE DCI opened at $86.03 on Wednesday. Donaldson Company, Inc. has a twelve month low of $79.61 and a twelve month high of $112.84. The company has a quick ratio of 1.41, a current ratio of 2.08 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $87.92 and a 200-day moving average price of $90.66. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88.

Donaldson (NYSE:DCI) last posted its earnings results on Tuesday, August 25th. The industrial products company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the firm posted $1.03 earnings per share. Donaldson’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities research analysts predict that Donaldson Company, Inc. will post 4.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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