Boothbay Fund Management LLC Raises Stake in Donaldson Company, Inc. (NYSE:DCI)

Boothbay Fund Management LLC lifted its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 51.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,484 shares of the industrial products company's stock after buying an additional 4,246 shares during the quarter. Boothbay Fund Management LLC's holdings in Donaldson were worth $841,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DCI. Voya Investment Management LLC boosted its holdings in shares of Donaldson by 12.1% during the 4th quarter. Voya Investment Management LLC now owns 130,477 shares of the industrial products company's stock worth $8,788,000 after buying an additional 14,127 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Donaldson during the fourth quarter worth $201,000. T. Rowe Price Investment Management Inc. grew its holdings in Donaldson by 70.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 626,776 shares of the industrial products company's stock worth $42,214,000 after purchasing an additional 258,800 shares during the period. MGO One Seven LLC raised its holdings in shares of Donaldson by 155.0% during the fourth quarter. MGO One Seven LLC now owns 7,988 shares of the industrial products company's stock valued at $538,000 after purchasing an additional 4,856 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Donaldson by 9.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 70,072 shares of the industrial products company's stock worth $4,720,000 after purchasing an additional 6,114 shares in the last quarter. Institutional investors own 82.81% of the company's stock.

Insider Buying and Selling

In other news, Director James Owens sold 18,700 shares of Donaldson stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the completion of the transaction, the director now directly owns 20,246 shares in the company, valued at approximately $1,255,656.92. The trade was a 48.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas R. Scalf sold 28,500 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $69.22, for a total value of $1,972,770.00. Following the sale, the president now directly owns 28,334 shares in the company, valued at $1,961,279.48. This trade represents a 50.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,700 shares of company stock valued at $5,164,799. 2.70% of the stock is owned by insiders.

Donaldson Stock Performance

Shares of NYSE DCI traded up $1.46 during mid-day trading on Friday, reaching $67.30. 378,771 shares of the company's stock were exchanged, compared to its average volume of 572,947. The firm has a 50-day moving average price of $66.00 and a two-hundred day moving average price of $69.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95.

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 for the quarter, compared to the consensus estimate of $908.32 million. Analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Analyst Upgrades and Downgrades

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

About Donaldson

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.