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

Northern Trust Corp boosted its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 13.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 approximately 1.00% of Donaldson worth $80,697,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Donaldson by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company's stock valued at $856,509,000 after purchasing an additional 33,139 shares during the period. FMR LLC boosted its stake in shares of Donaldson by 6.2% during the 4th quarter. FMR LLC now owns 3,994,275 shares of the industrial products company's stock valued at $269,014,000 after buying an additional 231,424 shares during the period. Franklin Resources Inc. increased its position in Donaldson by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company's stock worth $220,380,000 after purchasing an additional 73,234 shares during the last quarter. Geode Capital Management LLC raised its position in Donaldson by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 2,520,586 shares of the industrial products company's stock valued at $169,804,000 after acquiring an additional 71,707 shares in the last quarter. Finally, Fiduciary Management Inc. WI lifted its stake in shares of 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 purchasing an additional 367,383 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DCI has been the subject of a number of recent analyst 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 dropped their target price on Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Donaldson has an average rating of "Hold" and a consensus target price of $71.33.

Insider Transactions at Donaldson

In related news, Director James Owens sold 18,700 shares of the business's stock in a transaction dated 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 directly owns 20,246 shares in the company, valued at $1,255,656.92. The trade was a 48.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas R. Scalf sold 29,500 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $68.89, for a total value of $2,032,255.00. Following the transaction, the president now owns 28,334 shares in the company, valued at $1,951,929.26. This trade represents a 51.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,700 shares of company stock worth $5,164,799. Company insiders own 2.70% of the company's stock.

Donaldson Stock Down 0.0 %

Shares of DCI traded down $0.02 during midday trading on Friday, hitting $67.61. The stock had a trading volume of 329,102 shares, compared to its average volume of 570,683. The company has a 50 day simple moving average of $65.84 and a two-hundred day simple moving average of $69.65. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $78.95. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 19.65, 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.

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