Horizon Investments LLC Makes New Investment in Donaldson Company, Inc. $DCI

Key Points

• Horizon Investments LLC bought a new position of 46,851 shares in Donaldson in Q4, valued at about $4.15 million, joining heavy institutional ownership (82.81%) alongside other large moves such as Robeco’s ~$17.1M new stake and Victory Capital’s massive position increase.
• Donaldson missed quarterly earnings (EPS $0.83 vs. $0.90 expected) and reported revenue slightly below estimates; the stock trades around a $10.0B market cap with a P/E of 26.99, and analysts forecast roughly 3.97 EPS for the fiscal year.
• Analysts are mixed—two Buys and three Holds yield a consensus rating of Hold with a $100.20 target—and insiders have been net sellers (director James Owens sold 13,753 shares; insiders sold ~19,800 shares worth ~$1.77M last quarter).

Horizon Investments LLC bought a new position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 46,851 shares of the industrial products company's stock, valued at approximately $4,154,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in shares of Donaldson by 6,069.9% during the third quarter. Victory Capital Management Inc. now owns 1,178,884 shares of the industrial products company's stock valued at $96,492,000 after buying an additional 1,159,777 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Donaldson during the fourth quarter valued at about $17,105,000. Millennium Management LLC raised its position in shares of Donaldson by 428.6% during the first quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company's stock valued at $15,020,000 after buying an additional 181,602 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Donaldson during the third quarter valued at about $14,349,000. Finally, Danske Bank A S acquired a new position in shares of Donaldson during the third quarter valued at about $11,914,000. Institutional investors and hedge funds own 82.81% of the company's stock.

Donaldson Stock Performance

NYSE DCI opened at $86.35 on Monday. The stock has a market cap of $10.00 billion, a P/E ratio of 26.99, a PEG ratio of 2.17 and a beta of 0.99. The company's 50-day simple moving average is $89.23 and its 200 day simple moving average is $91.85. 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.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Morgan Stanley cut their price objective on shares of Donaldson from $93.00 to $91.00 and set an "equal weight" rating for the company in a research report on Monday, March 9th. Jefferies Financial Group upped their price objective on shares of Donaldson to $123.00 and gave the company a "buy" rating in a research report on Monday, February 2nd. Robert W. Baird cut their price objective on shares of Donaldson from $104.00 to $95.00 and set an "outperform" rating for the company in a research report on Monday, March 30th. Wall Street Zen lowered shares of Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Finally, UBS Group set a $96.00 price objective on shares of Donaldson in a research report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Donaldson currently has a consensus rating of "Hold" and a consensus price target of $100.20.

Insiders Place Their Bets

In other Donaldson news, Director James Owens sold 13,753 shares of the company's stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the sale, the director directly owned 22,565 shares of the company's stock, valued at approximately $2,013,023.65. This represents a 37.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 19,800 shares of company stock valued at $1,765,184 over the last quarter. Insiders own 2.20% of the company's stock.

Donaldson Company Profile

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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