Willis Investment Counsel Raises Stock Holdings in Donaldson Company, Inc. $DCI

Willis Investment Counsel grew its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 86.6% during the second quarter, HoldingsChannel.com reports. The fund owned 34,184 shares of the industrial products company’s stock after buying an additional 15,866 shares during the quarter. Willis Investment Counsel’s holdings in Donaldson were worth $2,371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DCI. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Donaldson during the 2nd quarter valued at about $679,475,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Donaldson by 75.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,330,602 shares of the industrial products company’s stock worth $223,350,000 after acquiring an additional 1,430,120 shares during the last quarter. Boston Trust Walden Corp grew its position in shares of 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 valued at $195,977,000 after purchasing an additional 203,957 shares in the last quarter. Geode Capital Management LLC grew its holdings in Donaldson by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,821,115 shares of the industrial products company’s stock valued at $195,667,000 after buying an additional 21,334 shares in the last quarter. Finally, Fiduciary Management Inc. WI grew its holdings 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 valued at $167,634,000 after purchasing an additional 290,477 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity at Donaldson

In related news, President Guillermo Briseno sold 13,500 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $79.03, for a total value of $1,066,905.00. Following the sale, the president owned 25,309 shares in the company, valued at approximately $2,000,170.27. The trade was a 34.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Amy C. Becker sold 18,500 shares of the stock in a transaction that occurred on 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 sale, the insider owned 44,645 shares in the company, valued at approximately $3,647,942.95. This trade represents 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 quarter, insiders sold 63,900 shares of company stock worth $5,129,264. Insiders own 2.20% of the company’s stock.

Donaldson Stock Down 0.4%

DCI opened at $84.95 on Friday. The company has a market cap of $9.84 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 1.98 and a beta of 1.01. The company has a 50-day moving average price of $83.17 and a 200 day moving average price of $75.82. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $88.88. The company has a quick ratio of 1.25, a current ratio of 1.93 and a debt-to-equity ratio of 0.43.

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

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.