Zurich Insurance Group Ltd FI Makes New Investment in Donaldson Company, Inc. (NYSE:DCI)

Zurich Insurance Group Ltd FI purchased a new position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 16,400 shares of the industrial products company's stock, valued at approximately $1,105,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DCI. Barclays PLC lifted its holdings in Donaldson by 19.3% in the third quarter. Barclays PLC now owns 83,738 shares of the industrial products company's stock valued at $6,171,000 after acquiring an additional 13,568 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Donaldson by 0.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 41,813 shares of the industrial products company's stock valued at $2,816,000 after purchasing an additional 350 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Donaldson by 7.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 7,057 shares of the industrial products company's stock worth $475,000 after purchasing an additional 482 shares during the period. Blue Trust Inc. boosted its position in Donaldson by 30.2% during the fourth quarter. Blue Trust Inc. now owns 3,368 shares of the industrial products company's stock worth $248,000 after purchasing an additional 782 shares in the last quarter. Finally, KBC Group NV grew its holdings in Donaldson by 1,447.9% in the fourth quarter. KBC Group NV now owns 42,398 shares of the industrial products company's stock valued at $2,856,000 after purchasing an additional 39,659 shares during the period. 82.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, President Thomas R. Scalf sold 29,500 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the transaction, the president now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $1,159,774.00. Following the sale, the director now directly owns 20,246 shares of the company's stock, valued at approximately $1,255,656.92. This represents a 48.02% 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 three months. Insiders own 2.70% of the company's stock.

Donaldson Price Performance

NYSE:DCI traded down $0.61 during trading hours on Friday, hitting $68.21. 317,664 shares of the stock were exchanged, compared to its average volume of 573,019. The company has a market cap of $8.15 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.82 and a beta of 1.01. The firm's fifty day moving average price is $66.05 and its 200 day moving average price is $69.37. Donaldson Company, Inc. has a 52-week low of $57.45 and a 52-week high of $78.95. 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 (NYSE:DCI - Get Free Report) last issued its quarterly earnings results 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 research analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Analyst Ratings Changes

DCI has been the subject of several research analyst reports. Wall Street Zen downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Stifel Nicolaus cut their price target on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $71.33.

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.