Donaldson Company, Inc. (NYSE:DCI) Position Raised by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 82.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,192 shares of the industrial products company's stock after purchasing an additional 43,555 shares during the period. BNP Paribas Financial Markets owned approximately 0.08% of Donaldson worth $6,479,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Donaldson during the fourth quarter worth about $65,828,000. Scharf Investments LLC acquired a new position in shares of Donaldson during the 4th quarter valued at $61,697,000. Capital Counsel LLC NY lifted its holdings in shares of Donaldson by 489.2% during the 4th quarter. Capital Counsel LLC NY now owns 656,957 shares of the industrial products company's stock valued at $44,246,000 after acquiring an additional 545,457 shares in the last quarter. Fiduciary Management Inc. WI boosted its position in Donaldson by 19.9% in the 4th 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 last quarter. Finally, Invesco Ltd. grew its stake in shares of Donaldson by 24.7% during the fourth quarter. Invesco Ltd. now owns 1,512,667 shares of the industrial products company's stock valued at $101,878,000 after acquiring an additional 299,302 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Analysts Set New Price Targets

DCI has been the subject of several recent analyst reports. Stifel Nicolaus lowered their target price on Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research note on Monday, April 14th. StockNews.com downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $71.33.

Donaldson Stock Up 1.5%

Shares of DCI stock traded up $1.03 during trading hours on Friday, hitting $71.07. 423,474 shares of the company were exchanged, compared to its average volume of 572,722. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $78.95. The business's 50-day simple moving average is $65.92 and its two-hundred day simple moving average is $69.48. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI - Get Free Report) last issued its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) 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 business had revenue of $870.00 million during the quarter, compared to the consensus estimate of $908.32 million. Sell-side analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, President Thomas R. Scalf sold 28,500 shares of Donaldson stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the sale, the president now owns 28,334 shares of the company's stock, valued at approximately $1,961,279.48. The trade was a 50.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Owens sold 18,700 shares of Donaldson stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $62.02, for a total value of $1,159,774.00. Following the sale, the director now directly owns 20,246 shares in the company, valued at approximately $1,255,656.92. This trade represents a 48.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,700 shares of company stock valued at $5,164,799 over the last quarter. Insiders own 2.70% of the company's stock.

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.