Donaldson Company, Inc. $DCI Stock Sold by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON Asset Management UK reduced its Donaldson stake by 17.7% in the third quarter, selling 21,337 shares and ending with 99,326 shares valued at about $8.65 million.
• Donaldson beat quarterly expectations, reporting EPS of $1.15 versus $1.13 expected and revenue of $1.06 billion, up 8% year over year.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $101.67; institutional investors own 82.81% of the stock.

AEGON ASSET MANAGEMENT UK Plc cut its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 17.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,326 shares of the industrial products company's stock after selling 21,337 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.09% of Donaldson worth $8,645,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. AlphaCore Capital LLC grew its position in Donaldson by 20.3% in the 3rd quarter. AlphaCore Capital LLC now owns 6,301 shares of the industrial products company's stock worth $548,000 after purchasing an additional 1,062 shares during the period. Ethic Inc. grew its holdings in shares of Donaldson by 11.5% in the third quarter. Ethic Inc. now owns 35,118 shares of the industrial products company's stock worth $3,057,000 after acquiring an additional 3,625 shares during the period. Ashton Thomas Private Wealth LLC grew its holdings 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 worth $409,000 after acquiring an additional 835 shares during the period. CenterBook Partners LP bought a new stake in shares of Donaldson in the third quarter worth $518,000. Finally, Kestra Advisory Services LLC increased its position in Donaldson by 1.6% during the third quarter. Kestra Advisory Services LLC now owns 40,439 shares of the industrial products company's stock valued at $3,520,000 after acquiring an additional 651 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors.

Donaldson Stock Up 4.4%

DCI stock opened at $88.06 on Tuesday. Donaldson Company, Inc. has a twelve month low of $79.61 and a twelve month high of $112.84. 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 stock has a market cap of $10.20 billion, a P/E ratio of 22.87, a PEG ratio of 1.97 and a beta of 0.88. The business's 50-day moving average price is $87.29 and its 200-day moving average price is $90.34.

Donaldson (NYSE:DCI - Get Free Report) last released its earnings results on Tuesday, August 25th. The industrial products company reported $1.15 EPS for the quarter, topping 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 company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter last year, the business earned $1.03 EPS. The firm's revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that Donaldson Company, Inc. will post 4.33 EPS for the current year.

Analyst Ratings Changes

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

Donaldson Company 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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