Confluence Investment Management LLC Sells 2,272 Shares of Donaldson Company, Inc. (NYSE:DCI)

Confluence Investment Management LLC decreased its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 332,888 shares of the industrial products company’s stock after selling 2,272 shares during the period. Confluence Investment Management LLC owned about 0.28% of Donaldson worth $24,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TD Asset Management Inc raised its stake in Donaldson by 23.7% during the 1st quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company’s stock worth $143,434,000 after acquiring an additional 367,705 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Donaldson by 1.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company’s stock worth $134,832,000 after purchasing an additional 32,964 shares in the last quarter. American Century Companies Inc. raised its position in shares of Donaldson by 4.7% during the 2nd quarter. American Century Companies Inc. now owns 1,691,903 shares of the industrial products company’s stock valued at $121,073,000 after purchasing an additional 75,733 shares during the period. Epoch Investment Partners Inc. lifted its stake in shares of Donaldson by 16.6% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,331,717 shares of the industrial products company’s stock valued at $99,453,000 after buying an additional 190,024 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Donaldson by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock worth $93,770,000 after buying an additional 153,342 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total transaction of $182,900.00. Following the sale, the president now owns 28,334 shares in the company, valued at approximately $2,072,915.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Donaldson news, CEO Tod E. Carpenter sold 30,919 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $72.69, for a total transaction of $2,247,502.11. Following the completion of the transaction, the chief executive officer now owns 256,742 shares in the company, valued at $18,662,575.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Thomas R. Scalf sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total value of $182,900.00. Following the transaction, the president now directly owns 28,334 shares in the company, valued at approximately $2,072,915.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 167,805 shares of company stock valued at $12,310,222 over the last ninety days. 2.70% of the stock is owned by insiders.

Donaldson Trading Down 0.1 %

Shares of Donaldson stock opened at $76.98 on Friday. Donaldson Company, Inc. has a twelve month low of $58.75 and a twelve month high of $78.03. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $73.13 and a 200-day moving average price of $73.03. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 1.95 and a beta of 1.04.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The company had revenue of $935.40 million for the quarter, compared to the consensus estimate of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. Equities research analysts anticipate that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on DCI. Stifel Nicolaus lowered their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $69.67.

Donaldson Profile

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.