Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 24.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,076 shares of the industrial products company's stock after selling 22,170 shares during the period. Squarepoint Ops LLC owned approximately 0.06% of Donaldson worth $4,585,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Colonial Trust Co SC acquired a new position in shares of Donaldson in the 4th quarter valued at $25,000. Smartleaf Asset Management LLC lifted its stake in shares of Donaldson by 43.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 180 shares during the period. Johnson Financial Group Inc. lifted its stake in shares of Donaldson by 48.8% in the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 195 shares during the period. Venturi Wealth Management LLC raised its position 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 during the period. Finally, Quarry LP raised its position 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 during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Wall Street Zen cut shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $71.33.

Insiders Place Their Bets

In other Donaldson news, Director James Owens sold 18,700 shares of the stock in a transaction dated Thursday, April 10th. The shares were 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 of the company's stock, valued at $1,255,656.92. This trade represents a 48.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Thomas R. Scalf sold 28,500 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the sale, the president now directly owns 28,334 shares in the company, valued at $1,961,279.48. This represents a 50.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,700 shares of company stock valued at $5,164,799 over the last 90 days. 2.70% of the stock is owned by company insiders.

Donaldson Price Performance

Shares of Donaldson stock traded down $1.14 during trading hours on Wednesday, reaching $69.19. 387,815 shares of the company's stock were exchanged, compared to its average volume of 573,185. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $78.95. The company has a market capitalization of $8.27 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. The business has a fifty day moving average of $66.09 and a two-hundred day moving average of $69.21. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35.

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

Donaldson Company Profile

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.