Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC reduced its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 47.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,271 shares of the industrial products company's stock after selling 10,151 shares during the period. Cresset Asset Management LLC's holdings in Donaldson were worth $759,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in shares of Donaldson by 94.5% during the 4th quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company's stock valued at $185,000 after buying an additional 1,334 shares during the period. Granite Bay Wealth Management LLC purchased a new stake in shares of Donaldson during the fourth quarter valued at approximately $943,000. JPMorgan Chase & Co. lifted its position in shares of Donaldson by 7.1% during the fourth quarter. JPMorgan Chase & Co. now owns 470,602 shares of the industrial products company's stock worth $31,695,000 after purchasing an additional 31,064 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Donaldson by 38.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 574,146 shares of the industrial products company's stock worth $38,669,000 after purchasing an additional 158,487 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 206 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DCI shares. 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 report on Monday, April 14th. StockNews.com cut Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $71.33.

Insiders Place Their Bets

In related news, Director James Owens sold 18,700 shares of the 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 completion of the transaction, the director now owns 20,246 shares in the company, valued at $1,255,656.92. This represents a 48.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Thomas R. Scalf sold 28,500 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were 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 owns 28,334 shares of the company's stock, valued at $1,961,279.48. This trade represents a 50.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,700 shares of company stock worth $5,164,799. Insiders own 2.70% of the company's stock.

Donaldson Price Performance

Shares of DCI opened at $70.37 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95. The stock has a 50 day moving average of $65.87 and a 200-day moving average of $69.59. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI - Get Free Report) last issued its 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). Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The company had revenue of $870.00 million during the quarter, compared to analyst estimates of $908.32 million. As a group, analysts forecast 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.

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