Ameriprise Financial Inc. Boosts Holdings in Donaldson Company, Inc. (NYSE:DCI)

Ameriprise Financial Inc. grew its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 20.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 305,563 shares of the industrial products company's stock after buying an additional 51,062 shares during the period. Ameriprise Financial Inc. owned 0.26% of Donaldson worth $20,580,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in Donaldson during the 4th quarter worth approximately $65,828,000. Scharf Investments LLC purchased a new position in shares of Donaldson during the 4th quarter valued at $61,697,000. Capital Counsel LLC NY increased its holdings in shares of Donaldson by 489.2% in the fourth quarter. Capital Counsel LLC NY now owns 656,957 shares of the industrial products company's stock worth $44,246,000 after purchasing an additional 545,457 shares during the period. Fiduciary Management Inc. WI boosted its stake in Donaldson by 19.9% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company's stock valued at $148,795,000 after buying an additional 367,383 shares during the period. Finally, Invesco Ltd. increased its stake in Donaldson by 24.7% in the 4th quarter. Invesco Ltd. now owns 1,512,667 shares of the industrial products company's stock worth $101,878,000 after acquiring an additional 299,302 shares during the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Donaldson news, President Thomas R. Scalf sold 29,500 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the transaction, the president now owns 28,334 shares in the company, valued at approximately $1,951,929.26. This represents a 51.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Owens sold 18,700 shares of the company's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the completion of the sale, the director now directly owns 20,246 shares in the company, valued at $1,255,656.92. This represents a 48.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,700 shares of company stock valued at $5,164,799. Insiders own 2.70% of the company's stock.

Donaldson Trading Down 0.2%

Shares of DCI traded down $0.13 during mid-day trading on Monday, reaching $70.89. The company's stock had a trading volume of 474,505 shares, compared to its average volume of 572,329. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95. The stock has a market cap of $8.47 billion, a PE ratio of 20.61, a P/E/G ratio of 1.82 and a beta of 1.01. The company's fifty day moving average price is $65.92 and its two-hundred day moving average price is $69.48. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI - Get Free Report) last released its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts' consensus estimates of $0.85 by ($0.02). Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The company had revenue of $870.00 million during the quarter, compared to the consensus estimate of $908.32 million. On average, analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Stifel Nicolaus decreased their price objective on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. StockNews.com lowered shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $71.33.

Donaldson Company 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.