Donaldson Company, Inc. $DCI Stock: Alps Advisors Inc. Reduces Holdings

Key Points

• Alps Advisors cut its Donaldson stake by 6.7% in the third quarter, selling 13,447 shares; it retained 187,636 shares valued at about $16.3 million. Institutional investors collectively own 82.81% of the company.
• Donaldson reported quarterly EPS of $1.15, topping the $1.13 consensus, while revenue rose 8% year over year to $1.06 billion.
• Analysts have a “Moderate Buy” consensus, with an average price target of $101.67; three analysts rate the stock Buy and two rate it Hold.

Alps Advisors Inc. lowered its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,636 shares of the industrial products company's stock after selling 13,447 shares during the quarter. Alps Advisors Inc. owned about 0.16% of Donaldson worth $16,332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Ashton Thomas Private Wealth LLC raised its position in shares of Donaldson by 21.6% in the third quarter. Ashton Thomas Private Wealth LLC now owns 4,697 shares of the industrial products company's stock valued at $409,000 after purchasing an additional 835 shares during the period. CenterBook Partners LP acquired a new position in shares of Donaldson during the third quarter valued at about $518,000. Kestra Advisory Services LLC lifted its position in shares of Donaldson by 1.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 40,439 shares of the industrial products company's stock worth $3,520,000 after acquiring an additional 651 shares during the period. Chicago Partners Investment Group LLC lifted its position in Donaldson by 16.1% in the third quarter. Chicago Partners Investment Group LLC now owns 13,482 shares of the industrial products company's stock worth $1,143,000 after purchasing an additional 1,872 shares during the period. Finally, Ascent Group LLC bought a new position in shares of Donaldson during the 3rd quarter worth about $406,000. 82.81% of the stock is owned by institutional investors.

Donaldson Trading Up 1.3%

Shares of Donaldson stock opened at $84.33 on Friday. The company has a quick ratio of 1.41, a current ratio of 2.08 and a debt-to-equity ratio of 0.73. The business's 50 day moving average is $87.36 and its 200-day moving average is $90.41. Donaldson Company, Inc. has a 12-month low of $79.61 and a 12-month high of $112.84. The stock has a market cap of $9.77 billion, a P/E ratio of 21.90, a P/E/G ratio of 1.95 and a beta of 0.88.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 25th. The industrial products company reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter last year, the company posted $1.03 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. Equities research analysts predict that Donaldson Company, Inc. will post 4.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DCI has been the topic of several recent analyst reports. Weiss Ratings raised Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, August 20th. Robert W. Baird raised their price target on shares of Donaldson from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, August 27th. Wall Street Zen lowered shares of Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, September 19th. Stifel Nicolaus set a $95.00 target price on Donaldson in a research note on Friday, August 28th. Finally, Morgan Stanley lifted their price target on shares of Donaldson from $91.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 29th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Donaldson has an average rating of "Moderate Buy" and a consensus price target of $101.67.

Donaldson Profile

Donaldson Company, Inc is a global manufacturer of filtration systems and replacement parts. Founded in 1915, the company serves customers in industries including agriculture, construction, mining, transportation, manufacturing, and life sciences.

Its products include air, liquid, fuel, and lubricating-oil filters for engines and equipment, as well as dust-collection systems and filtration solutions for compressed air and gas. Donaldson also provides filtration technologies for applications such as food and beverage production, bioprocessing, and other life sciences uses.

Headquartered in Bloomington, Minnesota, Donaldson serves customers around the world through its manufacturing, distribution, and service operations.

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