Balyasny Asset Management L.P. Decreases Holdings in Donaldson Company, Inc. (NYSE:DCI)

Balyasny Asset Management L.P. reduced its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 96.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,433 shares of the industrial products company's stock after selling 130,788 shares during the quarter. Balyasny Asset Management L.P.'s holdings in Donaldson were worth $299,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Baird Financial Group Inc. boosted its stake in Donaldson by 0.9% during the 4th quarter. Baird Financial Group Inc. now owns 35,401 shares of the industrial products company's stock valued at $2,384,000 after acquiring an additional 318 shares during the last quarter. Bearing Point Capital LLC bought a new position in shares of Donaldson in the 4th quarter worth about $514,000. BLI Banque de Luxembourg Investments bought a new position in shares of Donaldson in the 4th quarter worth about $3,479,000. BNP Paribas Financial Markets lifted its position in shares of Donaldson by 82.7% in the 4th quarter. BNP Paribas Financial Markets now owns 96,192 shares of the industrial products company's stock worth $6,479,000 after buying an additional 43,555 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Donaldson by 20.1% in the 4th quarter. Ameriprise Financial Inc. now owns 305,563 shares of the industrial products company's stock worth $20,580,000 after buying an additional 51,062 shares during the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DCI. Wall Street Zen cut shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Stifel Nicolaus decreased their target price 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 analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Donaldson presently has an average rating of "Hold" and a consensus price target of $71.33.

Donaldson Trading Up 0.2%

Shares of DCI stock traded up $0.14 on Thursday, reaching $69.03. The company had a trading volume of 164,257 shares, compared to its average volume of 571,401. The company has a 50-day moving average of $66.06 and a 200-day moving average of $69.46. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month 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. The stock has a market cap of $8.25 billion, a PE ratio of 20.06, a PEG ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate 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, equities analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Insider Transactions at Donaldson

In other news, President Thomas R. Scalf sold 29,500 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was 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 of the company's stock, valued at $1,951,929.26. This represents a 51.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Owens sold 18,700 shares of the stock in a transaction on 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 sale, the director now directly owns 20,246 shares of the company's stock, valued at $1,255,656.92. The trade was a 48.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,700 shares of company stock valued at $5,164,799. 2.70% of the stock is currently owned by corporate insiders.

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.