Artemis Investment Management LLP Makes New Investment in Donaldson Company, Inc. $DCI

Artemis Investment Management LLP bought a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,846 shares of the industrial products company’s stock, valued at approximately $1,494,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Donaldson by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 490,001 shares of the industrial products company’s stock valued at $40,108,000 after acquiring an additional 25,156 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Donaldson by 10.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,283,326 shares of the industrial products company’s stock valued at $105,040,000 after acquiring an additional 123,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Donaldson by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,994,211 shares of the industrial products company’s stock worth $163,218,000 after purchasing an additional 20,478 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Donaldson during the 3rd quarter worth approximately $3,068,000. Finally, First National Bank of Omaha acquired a new stake in Donaldson during the 3rd quarter valued at $483,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DCI shares. Morgan Stanley reduced their target price on 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 downgraded Donaldson from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings downgraded Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Robert W. Baird decreased their price objective on Donaldson from $104.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Finally, UBS Group set a $96.00 target price on Donaldson in a research note on Tuesday, February 24th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $100.20.

Donaldson Trading Down 2.1%

Donaldson stock opened at $86.35 on Friday. Donaldson Company, Inc. has a 12 month low of $65.72 and a 12 month high of $112.84. The company has a quick ratio of 1.46, a current ratio of 2.29 and a debt-to-equity ratio of 0.43. The stock has a market cap of $10.00 billion, a P/E ratio of 26.99, a P/E/G ratio of 2.17 and a beta of 0.99. The company’s fifty day simple moving average is $89.23 and its 200-day simple moving average is $91.79.

Donaldson (NYSE:DCI) last announced its quarterly earnings data 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 return on equity of 29.85% and a net margin of 10.09%.The firm had revenue of $896.30 million for the quarter, compared to analysts’ expectations of $898.64 million. During the same quarter in the prior year, the business posted $0.83 earnings per share. Donaldson’s revenue was up 3.0% on a year-over-year basis. As a group, sell-side analysts forecast that Donaldson Company, Inc. will post 3.97 EPS for the current fiscal year.

Insider Buying and Selling at Donaldson

In other news, Director James Owens sold 13,753 shares of Donaldson stock in a transaction dated 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 completion of the sale, the director directly owned 22,565 shares in the company, valued at $2,013,023.65. The trade was a 37.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 19,800 shares of company stock worth $1,765,184. 2.20% of the stock is owned by company insiders.

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.