Northern Trust Corp Buys 145,275 Shares of Donaldson Company, Inc. (NYSE:DCI)

Northern Trust Corp raised its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 13.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,198,173 shares of the industrial products company's stock after buying an additional 145,275 shares during the quarter. Northern Trust Corp owned 1.00% of Donaldson worth $80,697,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Johnson Financial Group Inc. raised its holdings in shares of Donaldson by 48.8% during the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 195 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 180 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of Donaldson by 89.6% during the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 369 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock worth $62,000 after buying an additional 206 shares during the last quarter. Finally, Quarry LP grew its position in Donaldson by 162.7% during the fourth quarter. Quarry LP now owns 1,072 shares of the industrial products company's stock valued at $72,000 after buying an additional 664 shares during the period. 82.81% of the stock is currently owned by institutional investors.

Insider Activity at Donaldson

In other news, President Thomas R. Scalf sold 29,500 shares of the business's stock in a transaction dated 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 completion of the transaction, the president now owns 28,334 shares of the company's stock, valued at approximately $1,951,929.26. The trade was a 51.01 % 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, Director James Owens sold 18,700 shares of the company'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 transaction of $1,159,774.00. Following the completion of the transaction, the director now owns 20,246 shares in the company, valued at approximately $1,255,656.92. This trade represents a 48.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,700 shares of company stock valued at $5,164,799. Company insiders own 2.70% of the company's stock.

Donaldson Stock Performance

DCI stock traded up $0.16 during midday trading on Wednesday, reaching $66.14. 500,514 shares of the company's stock traded hands, compared to its average volume of 570,420. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95. The company has a 50-day moving average price of $65.86 and a two-hundred day moving average price of $69.77. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The firm has a market capitalization of $7.90 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI - Get Free Report) last announced 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). 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. As a group, equities analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DCI shares. Stifel Nicolaus decreased their price target 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. StockNews.com lowered 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 issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $71.33.

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.