Donaldson Company, Inc. $DCI Shares Sold by Danske Bank A S

Key Points

• Danske Bank A S trimmed its stake in Donaldson by 11.1% in Q4, selling 16,098 shares and now holding 129,457 shares worth about $11.48 million.
• Other institutions increased exposure—Millennium Management lifted its position by 428.6% (+181,602 shares) and Goldman Sachs added ~62,864 shares—leaving institutional investors with roughly 82.8% ownership.
• Donaldson missed quarterly EPS estimates ($0.83 vs. $0.90) and slightly missed revenue, the stock trades near $86.35 with a ~$10B market cap, and analysts hold a consensus Hold rating with an average target of $100.20.

Danske Bank A S trimmed its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,457 shares of the industrial products company's stock after selling 16,098 shares during the period. Danske Bank A S owned about 0.11% of Donaldson worth $11,478,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DCI. Royal Bank of Canada lifted its position in Donaldson by 38.2% during the first quarter. Royal Bank of Canada now owns 102,128 shares of the industrial products company's stock valued at $6,848,000 after buying an additional 28,207 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in Donaldson by 16.5% during the first quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company's stock valued at $233,000 after buying an additional 494 shares in the last quarter. Millennium Management LLC lifted its position in Donaldson by 428.6% during the first quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company's stock valued at $15,020,000 after buying an additional 181,602 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Donaldson by 29.0% during the first quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company's stock valued at $18,745,000 after buying an additional 62,864 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Donaldson by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,032 shares of the industrial products company's stock valued at $141,000 after buying an additional 933 shares in the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Trading Up 0.2%

NYSE DCI opened at $86.35 on Monday. The company's fifty day simple moving average is $89.23 and its 200-day simple moving average is $91.85. Donaldson Company, Inc. has a 52 week low of $65.72 and a 52 week high of $112.84. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 0.43. The stock has a market cap of $10.00 billion, a P/E ratio of 26.99, a PEG ratio of 2.17 and a beta of 0.99.

Donaldson (NYSE:DCI - Get Free Report) last posted its 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 firm had revenue of $896.30 million for the quarter, compared to analyst estimates of $898.64 million. Donaldson had a return on equity of 29.85% and a net margin of 10.09%.The company's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. Equities research analysts predict that Donaldson Company, Inc. will post 3.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DCI shares. UBS Group set a $96.00 target price on shares of Donaldson in a research report on Tuesday, February 24th. Jefferies Financial Group boosted their target price on shares of Donaldson to $123.00 and gave the stock a "buy" rating in a research report on Monday, February 2nd. Weiss Ratings cut shares of Donaldson from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, April 15th. Morgan Stanley reduced 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 report on Monday, March 9th. Finally, Robert W. Baird reduced their target price 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. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $100.20.

Insider Activity

In related news, Director James Owens sold 13,753 shares of Donaldson 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 in the company, valued at approximately $2,013,023.65. The trade was a 37.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 19,800 shares of company stock valued at $1,765,184 in the last three months. 2.20% of the stock is currently owned by insiders.

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.