Ontario Teachers Pension Plan Board Sells 36,898 Shares of Donaldson Company, Inc. (NYSE:DCI)

Ontario Teachers Pension Plan Board trimmed its stake in Donaldson Company, Inc. (NYSE:DCI) by 52.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,684 shares of the industrial products company’s stock after selling 36,898 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Donaldson were worth $2,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. UMB Bank n.a. boosted its holdings in shares of Donaldson by 359.2% in the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 273 shares during the period. Mather Group LLC. grew its position in shares of Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock worth $38,000 after buying an additional 404 shares in the last quarter. Versant Capital Management Inc lifted its stake in Donaldson by 1,372.2% in the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 494 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Donaldson in the 3rd quarter valued at about $41,000. Finally, V Square Quantitative Management LLC lifted its position in shares of Donaldson by 52.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 207 shares during the period. 82.81% of the stock is currently owned by institutional investors.

Insider Transactions at Donaldson

In related news, insider Amy C. Becker sold 14,500 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $72.89, for a total value of $1,056,905.00. Following the transaction, the insider now directly owns 41,368 shares of the company’s stock, valued at $3,015,313.52. This represents a 25.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Scott J. Robinson sold 83,600 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $74.04, for a total value of $6,189,744.00. Following the completion of the transaction, the chief financial officer now owns 37,702 shares of the company’s stock, valued at $2,791,456.08. This trade represents a 68.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 167,805 shares of company stock worth $12,310,222. Insiders own 2.70% of the company’s stock.

Donaldson Trading Down 1.0 %

NYSE DCI opened at $75.27 on Wednesday. Donaldson Company, Inc. has a 52 week low of $58.75 and a 52 week high of $78.71. The company has a 50 day moving average price of $74.08 and a 200 day moving average price of $73.28. 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 firm has a market cap of $9.01 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 2.01 and a beta of 1.04.

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

Wall Street Analyst Weigh In

DCI has been the topic of several research reports. Stifel Nicolaus cut their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.