Algert Global LLC Sells 23,242 Shares of Donaldson Company, Inc. (NYSE:DCI)

Algert Global LLC trimmed its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 13.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,043 shares of the industrial products company's stock after selling 23,242 shares during the quarter. Algert Global LLC owned about 0.12% of Donaldson worth $9,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Donaldson by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company's stock worth $856,509,000 after purchasing an additional 33,139 shares during the last quarter. FMR LLC boosted its position in Donaldson by 6.2% during the fourth quarter. FMR LLC now owns 3,994,275 shares of the industrial products company's stock valued at $269,014,000 after purchasing an additional 231,424 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Donaldson by 2.5% in the third quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company's stock worth $220,380,000 after buying an additional 73,234 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Donaldson by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 2,520,586 shares of the industrial products company's stock worth $169,804,000 after buying an additional 71,707 shares during the last quarter. Finally, Fiduciary Management Inc. WI boosted its position in shares of Donaldson by 19.9% during the 4th 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 period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Donaldson Stock Performance

Shares of NYSE:DCI traded up $0.32 on Friday, reaching $67.95. 106,529 shares of the company's stock were exchanged, compared to its average volume of 615,445. The business's 50-day moving average is $65.84 and its two-hundred day moving average is $69.72. 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 capitalization of $8.12 billion, a price-to-earnings ratio of 19.75, a PEG 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.

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

Wall Street Analysts Forecast Growth

DCI has been the subject of a number of research reports. StockNews.com cut shares of Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Stifel Nicolaus decreased their price objective on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research note on Monday, April 14th. One 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. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $71.33.

Insider Activity at Donaldson

In other Donaldson news, Director James Owens sold 18,700 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 20,246 shares in the company, valued at approximately $1,255,656.92. The trade was a 48.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Thomas R. Scalf sold 29,500 shares of the business's stock in a transaction 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. The trade was a 51.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,700 shares of company stock valued at $5,164,799 in the last 90 days. 2.70% of the stock is owned by corporate insiders.

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.