Artemis Investment Management LLP Acquires New Position in Donaldson Company, Inc. $DCI

Key Points

• Artemis Investment Management LLP established a new position in Donaldson (NYSE:DCI), buying 16,846 shares worth about $1.49 million in the fourth quarter, with institutional investors now owning 82.81% of the company.
• Director James Owens sold 13,753 shares on April 14 (~$1.23 million), reducing his stake by 37.87%; insiders have sold 19,800 shares in the past 90 days and now own just 2.20% of the stock.
• Donaldson's latest quarter missed expectations (EPS $0.83 vs. $0.90; revenue slightly below estimates), and analysts hold an average "Hold" rating with a $100.20 target while the shares trade in a 12‑month range of $65.72–$112.84.

Artemis Investment Management LLP bought a new position in Donaldson Company, Inc. (NYSE:DCI - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 16,846 shares of the industrial products company's stock, valued at approximately $1,494,000.

Other hedge funds have also bought and sold shares of the company. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Donaldson during the fourth quarter worth $1,829,000. Horizon Investments LLC acquired a new position in shares of Donaldson in the 4th quarter valued at $4,154,000. Interchange Capital Partners LLC acquired a new position in shares of Donaldson in the 4th quarter valued at $207,000. AMG National Trust Bank raised its stake in Donaldson by 2.3% in the 4th quarter. AMG National Trust Bank now owns 22,210 shares of the industrial products company's stock worth $1,969,000 after acquiring an additional 497 shares during the last quarter. Finally, Certuity LLC raised its stake in Donaldson by 25.1% in the 4th quarter. Certuity LLC now owns 4,088 shares of the industrial products company's stock worth $362,000 after acquiring an additional 819 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Insiders Place Their Bets

In other Donaldson news, Director James Owens sold 13,753 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the transaction, the director directly owned 22,565 shares of the company's stock, valued at $2,013,023.65. This trade represents a 37.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 19,800 shares of company stock worth $1,765,184 in the last ninety days. Corporate insiders own 2.20% of the company's stock.

Donaldson Stock Performance

Shares of DCI stock opened at $86.35 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 0.43. Donaldson Company, Inc. has a 12-month low of $65.72 and a 12-month high of $112.84. The business's 50 day moving average is $89.23 and its two-hundred day moving average is $91.79. The company has a market capitalization of $10.00 billion, a P/E ratio of 26.99, a P/E/G ratio of 2.17 and a beta of 0.99.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.83 EPS for the quarter, missing analysts' consensus estimates of $0.90 by ($0.07). Donaldson had a net margin of 10.09% and a return on equity of 29.85%. The business had revenue of $896.30 million during the quarter, compared to analysts' expectations of $898.64 million. During the same quarter last year, the firm earned $0.83 earnings per share. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. Analysts expect that Donaldson Company, Inc. will post 3.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DCI has been the topic of several research analyst reports. Weiss Ratings downgraded Donaldson from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 15th. UBS Group set a $96.00 target price on Donaldson in a report on Tuesday, February 24th. Morgan Stanley dropped their target price on Donaldson from $93.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Monday, March 9th. Robert W. Baird cut their price target on shares of Donaldson from $104.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, March 30th. Finally, Wall Street Zen lowered shares of Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $100.20.

Donaldson Profile

Donaldson Company, Inc NYSE: DCI is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson's product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.

Want to see what other hedge funds are holding DCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Donaldson Company, Inc. (NYSE:DCI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.