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

Boothbay Fund Management LLC lifted its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 51.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,484 shares of the industrial products company's stock after purchasing an additional 4,246 shares during the period. Boothbay Fund Management LLC's holdings in Donaldson were worth $841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Donaldson

In other news, Director James Owens sold 18,700 shares of the company's stock in a transaction dated 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 transaction, the director now directly owns 20,246 shares in the company, valued at approximately $1,255,656.92. This represents a 48.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Thomas R. Scalf sold 28,500 shares of the firm's stock in a transaction dated 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 completion of the transaction, the president now directly owns 28,334 shares in the company, valued at $1,961,279.48. This represents a 50.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,700 shares of company stock worth $5,164,799 over the last 90 days. Company insiders own 2.70% of the company's stock.

Donaldson Trading Down 0.2 %

Shares of NYSE:DCI traded down $0.14 during trading on Monday, hitting $67.13. The company had a trading volume of 85,450 shares, compared to its average volume of 624,366. The stock has a market cap of $8.02 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. 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 company has a fifty day simple moving average of $66.00 and a two-hundred day simple moving average of $69.89. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $870.00 million for the quarter, compared to analysts' expectations of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. As a group, equities analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share 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.