Man Group plc Decreases Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Man Group plc cut its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 34.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,240 shares of the industrial products company's stock after selling 28,805 shares during the quarter. Man Group plc's holdings in Donaldson were worth $3,653,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Colonial Trust Co SC purchased a new stake in Donaldson in the fourth quarter valued at about $25,000. Johnson Financial Group Inc. raised its stake in Donaldson by 48.8% in the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock valued at $42,000 after buying an additional 195 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after buying an additional 180 shares during the last quarter. Venturi Wealth Management LLC raised its stake in Donaldson by 89.6% in the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock valued at $53,000 after buying an additional 369 shares during the last quarter. Finally, Quarry LP raised its stake in Donaldson by 162.7% in the fourth quarter. Quarry LP now owns 1,072 shares of the industrial products company's stock valued at $72,000 after buying an additional 664 shares during the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Stock Performance

Shares of DCI stock traded up $2.13 during mid-day trading on Tuesday, reaching $70.32. The stock had a trading volume of 599,201 shares, compared to its average volume of 573,926. The business's fifty day moving average is $66.09 and its 200-day moving average is $69.21. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 1.82 and a beta of 1.01. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $78.95.

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 for the quarter, missing analysts' consensus estimates of $0.85 by ($0.02). The firm had revenue of $870.00 million during the quarter, compared to analyst estimates of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. On average, research analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Insider Buying and Selling

In related news, Director James Owens sold 18,700 shares of the firm's stock in a transaction dated 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 sale, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas R. Scalf sold 29,500 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $68.89, for a total value of $2,032,255.00. Following the sale, the president now directly owns 28,334 shares in the company, valued at approximately $1,951,929.26. This trade represents a 51.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,700 shares of company stock valued at $5,164,799 over the last ninety days. Company insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

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

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.