Ashton Thomas Securities LLC Has $400,000 Position in Donaldson Company, Inc. $DCI

Key Points

• Ashton Thomas Securities LLC cut its stake in Donaldson Company by 76.7% in Q4, selling 14,798 shares and leaving 4,504 shares worth $400,000.
• Director James Owens sold 13,753 shares on April 14 for about $1.23 million (a 37.87% reduction), and insiders have sold 19,800 shares (~$1.77 million) in the last three months, with insiders owning 2.20% of the stock.
• Analysts' consensus is a "Hold" with an average target of $100.20, and the company recently missed EPS (reported $0.83 vs. $0.90 expected) with revenue slightly below estimates.

Ashton Thomas Securities LLC reduced its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 76.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,504 shares of the industrial products company's stock after selling 14,798 shares during the period. Ashton Thomas Securities LLC's holdings in Donaldson were worth $400,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in Donaldson by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 490,001 shares of the industrial products company's stock worth $40,108,000 after purchasing an additional 25,156 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Donaldson by 10.6% during the third quarter. Bank of New York Mellon Corp now owns 1,283,326 shares of the industrial products company's stock worth $105,040,000 after purchasing an additional 123,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Donaldson by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,994,211 shares of the industrial products company's stock worth $163,218,000 after purchasing an additional 20,478 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Donaldson during the third quarter worth about $3,068,000. Finally, First National Bank of Omaha purchased a new position in Donaldson during the third quarter worth about $483,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director James Owens sold 13,753 shares of the company's stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $89.21, for a total value of $1,226,905.13. Following the completion of the sale, the director owned 22,565 shares of the company's stock, valued at approximately $2,013,023.65. This represents a 37.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 19,800 shares of company stock valued at $1,765,184. 2.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley dropped their target price on shares of Donaldson from $93.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Monday, March 9th. Jefferies Financial Group boosted their target price on shares of Donaldson to $123.00 and gave the company a "buy" rating in a research note on Monday, February 2nd. Robert W. Baird lowered their price target on shares of Donaldson from $104.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, March 30th. Weiss Ratings lowered shares of Donaldson from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, April 15th. Finally, UBS Group set a $96.00 price target on shares of Donaldson in a research report on Tuesday, February 24th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $100.20.

Donaldson Price Performance

Shares of NYSE:DCI opened at $86.35 on Friday. The company's fifty day moving average price is $89.23 and its 200-day moving average price is $91.79. The firm has a market capitalization of $10.00 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 2.17 and a beta of 0.99. Donaldson Company, Inc. has a one year low of $65.72 and a one year high of $112.84. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.29 and a quick ratio of 1.46.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $896.30 million during the quarter, compared to the consensus estimate of $898.64 million. Donaldson had a return on equity of 29.85% and a net margin of 10.09%.Donaldson's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 EPS. On average, equities research analysts anticipate that Donaldson Company, Inc. will post 3.97 earnings per share for the current fiscal year.

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.

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