MidWestOne Financial Group Inc. Sells 8,500 Shares of Donaldson Company, Inc. (NYSE:DCI)

MidWestOne Financial Group Inc. decreased its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 45.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,359 shares of the industrial products company's stock after selling 8,500 shares during the period. MidWestOne Financial Group Inc.'s holdings in Donaldson were worth $698,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of DCI. Colonial Trust Co SC bought a new stake in Donaldson during the fourth quarter worth about $25,000. Johnson Financial Group Inc. boosted its stake in Donaldson by 48.8% during the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock worth $42,000 after acquiring an additional 195 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Donaldson by 43.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock worth $40,000 after acquiring an additional 180 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Donaldson by 89.6% during the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock worth $53,000 after acquiring an additional 369 shares in the last quarter. Finally, Quarry LP boosted its stake in Donaldson by 162.7% during the fourth quarter. Quarry LP now owns 1,072 shares of the industrial products company's stock worth $72,000 after acquiring an additional 664 shares in the last quarter. Institutional investors own 82.81% of the company's stock.

Donaldson Stock Down 0.9%

Donaldson stock traded down $0.61 during trading hours on Friday, hitting $68.21. The stock had a trading volume of 317,664 shares, compared to its average volume of 573,825. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $8.15 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. Donaldson Company, Inc. has a 12-month low of $57.45 and a 12-month high of $78.95. The stock's 50-day moving average price is $66.05 and its 200-day moving average price is $69.32.

Donaldson (NYSE:DCI - Get Free Report) last issued its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $870.00 million during the quarter, compared to analysts' expectations of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. Equities research analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wall Street Zen lowered 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Donaldson presently has an average rating of "Hold" and an average target price of $71.33.

Insider Activity

In other news, President Thomas R. Scalf sold 28,500 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the transaction, the president now directly owns 28,334 shares of the company's stock, valued at $1,961,279.48. The trade was a 50.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Owens sold 18,700 shares of the stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the completion of the transaction, the director now owns 20,246 shares in the company, 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. Insiders sold 76,700 shares of company stock valued at $5,164,799 over the last three months. Insiders own 2.70% of the company's stock.

About Donaldson

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.