AQR Capital Management LLC Raises Stake in Donaldson Company, Inc. (NYSE:DCI)

AQR Capital Management LLC grew its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 28.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 885,797 shares of the industrial products company's stock after purchasing an additional 194,418 shares during the quarter. AQR Capital Management LLC owned approximately 0.74% of Donaldson worth $59,658,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of DCI. Argent Trust Co raised its stake in shares of Donaldson by 3.3% during the 4th quarter. Argent Trust Co now owns 4,739 shares of the industrial products company's stock valued at $319,000 after buying an additional 152 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Donaldson by 43.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock worth $40,000 after acquiring an additional 180 shares during the period. CIBC Asset Management Inc raised its position in Donaldson by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company's stock valued at $252,000 after acquiring an additional 187 shares in the last quarter. Johnson Financial Group Inc. lifted its holdings in Donaldson by 48.8% in the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 195 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 206 shares during the period. Hedge funds and other institutional investors own 82.81% of the company's stock.

Insiders Place Their Bets

In other news, Director James Owens sold 18,700 shares of the company's stock in a transaction on Thursday, April 10th. The shares were 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 owns 20,246 shares of the company's stock, valued at $1,255,656.92. This represents a 48.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas R. Scalf sold 29,500 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the completion of the sale, the president now owns 28,334 shares of the company's stock, valued at $1,951,929.26. This trade represents a 51.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 76,700 shares of company stock worth $5,164,799. Corporate insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

Donaldson Price Performance

Shares of DCI stock traded up $1.46 during trading hours on Friday, hitting $67.30. 378,771 shares of the company's stock were exchanged, compared to its average volume of 574,026. Donaldson Company, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $78.95. The firm has a market cap of $8.04 billion, a P/E ratio of 19.56, a P/E/G ratio of 1.82 and a beta of 1.01. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $66.00 and a two-hundred day moving average of $69.89.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings data 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 return on equity of 29.07% and a net margin of 11.56%. The company had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. Sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current year.

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.