Donaldson Company, Inc. $DCI Shares Sold by Versor Investments LP

Versor Investments LP decreased its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 59.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,969 shares of the industrial products company’s stock after selling 4,416 shares during the period. Versor Investments LP’s holdings in Donaldson were worth $206,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Donaldson during the 2nd quarter worth $679,475,000. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Donaldson by 75.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,330,602 shares of the industrial products company’s stock valued at $223,350,000 after purchasing an additional 1,430,120 shares in the last quarter. Boston Trust Walden Corp grew its stake in Donaldson by 7.8% during the second quarter. Boston Trust Walden Corp now owns 2,825,916 shares of the industrial products company’s stock worth $195,977,000 after buying an additional 203,957 shares during the period. Fiduciary Management Inc. WI increased its position in shares of Donaldson by 13.1% in the first quarter. Fiduciary Management Inc. WI now owns 2,499,756 shares of the industrial products company’s stock worth $167,634,000 after acquiring an additional 290,477 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Donaldson by 12.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,818,227 shares of the industrial products company’s stock worth $121,926,000 after purchasing an additional 202,746 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Trading Up 1.2%

DCI opened at $86.92 on Friday. Donaldson Company, Inc. has a 12-month low of $57.45 and a 12-month high of $87.64. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.93 and a quick ratio of 1.25. The stock has a market capitalization of $10.07 billion, a PE ratio of 28.50, a P/E/G ratio of 1.98 and a beta of 1.01. The firm’s fifty day moving average price is $82.12 and its 200 day moving average price is $74.52.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Tuesday, February 28th. The industrial products company reported $0.57 earnings per share for the quarter. Donaldson had a return on equity of 29.50% and a net margin of 9.94%.The firm had revenue of $802.50 million during the quarter. As a group, research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Insider Activity at Donaldson

In other Donaldson news, President Guillermo Briseno sold 13,500 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $79.03, for a total transaction of $1,066,905.00. Following the completion of the sale, the president owned 25,309 shares in the company, valued at $2,000,170.27. The trade was a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Amy C. Becker sold 18,500 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $81.71, for a total transaction of $1,511,635.00. Following the completion of the transaction, the insider owned 44,645 shares in the company, valued at approximately $3,647,942.95. The trade was a 29.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 63,900 shares of company stock valued at $5,129,264. Corporate insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on DCI. Weiss Ratings reiterated a “buy (b)” rating on shares of Donaldson in a report on Tuesday, October 14th. Stifel Nicolaus lifted their price objective on shares of Donaldson from $69.00 to $84.00 and gave the company a “hold” rating in a research note on Thursday, August 28th. Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Robert W. Baird raised their price target on shares of Donaldson from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Morgan Stanley boosted their price objective on shares of Donaldson from $69.00 to $72.00 and gave the stock an “underweight” rating in a report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Donaldson has a consensus rating of “Hold” and a consensus price target of $80.33.

About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.