Donaldson Company, Inc. $DCI Shares Sold by Sprucegrove Investment Management Ltd.

Sprucegrove Investment Management Ltd. cut its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 64.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,664 shares of the industrial products company's stock after selling 166,097 shares during the quarter. Donaldson comprises 1.0% of Sprucegrove Investment Management Ltd.'s portfolio, making the stock its 6th biggest holding. Sprucegrove Investment Management Ltd. owned 0.08% of Donaldson worth $8,216,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Donaldson by 38.2% in 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 purchasing an additional 28,207 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Donaldson by 16.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company's stock worth $233,000 after buying an additional 494 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Donaldson by 428.6% during the 1st quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company's stock worth $15,020,000 after buying an additional 181,602 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Donaldson by 29.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company's stock worth $18,745,000 after buying an additional 62,864 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in Donaldson by 84.9% in the 2nd 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 during the last quarter. Institutional investors own 82.81% of the company's stock.

Donaldson Price Performance

Shares of Donaldson stock opened at $86.24 on Wednesday. Donaldson Company, Inc. has a twelve month low of $65.72 and a twelve month high of $112.84. The company has a quick ratio of 1.46, a current ratio of 2.29 and a debt-to-equity ratio of 0.43. The company has a 50-day simple moving average of $88.81 and a two-hundred day simple moving average of $91.88. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 2.14 and a beta of 0.99.

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

Insider Buying and Selling

In other Donaldson news, Director James Owens sold 13,753 shares of Donaldson stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total value of $1,226,905.13. Following the completion of the transaction, the director directly owned 22,565 shares of the company's stock, valued at $2,013,023.65. The trade was a 37.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 19,800 shares of company stock worth $1,765,184. 2.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DCI shares. Weiss Ratings cut shares of Donaldson from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, April 15th. Wall Street Zen downgraded Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Jefferies Financial Group increased their target price on Donaldson to $123.00 and gave the stock a "buy" rating in a research note on Monday, February 2nd. Morgan Stanley dropped their price target on Donaldson from $93.00 to $91.00 and set an "equal weight" rating for the company in a report on Monday, March 9th. Finally, Robert W. Baird reduced their price target on Donaldson from $104.00 to $95.00 and set an "outperform" rating for the company in a research note 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, the company presently has an average rating of "Hold" and an average price target of $100.20.

About Donaldson

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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