Parr Mcknight Wealth Management Group LLC Buys New Shares in Donaldson Company, Inc. (NYSE:DCI)

Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,671 shares of the industrial products company's stock, valued at approximately $247,000.

Several other institutional investors also recently made changes to their positions in the stock. Barclays PLC boosted its position in shares of Donaldson by 19.3% during the third quarter. Barclays PLC now owns 83,738 shares of the industrial products company's stock worth $6,171,000 after buying an additional 13,568 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Donaldson by 0.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 41,813 shares of the industrial products company's stock worth $2,816,000 after buying an additional 350 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Donaldson by 7.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,057 shares of the industrial products company's stock worth $475,000 after buying an additional 482 shares during the period. Blue Trust Inc. boosted its position in shares of Donaldson by 30.2% during the fourth quarter. Blue Trust Inc. now owns 3,368 shares of the industrial products company's stock worth $248,000 after buying an additional 782 shares during the period. Finally, KBC Group NV boosted its position in shares of Donaldson by 1,447.9% during the fourth quarter. KBC Group NV now owns 42,398 shares of the industrial products company's stock worth $2,856,000 after buying an additional 39,659 shares during the period. 82.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

DCI has been the subject of several analyst reports. Wall Street Zen downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Stifel Nicolaus cut their target price on Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $71.33.

Insider Activity

In other news, President Thomas R. Scalf sold 28,500 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the transaction, the president now directly owns 28,334 shares of the company's stock, valued at approximately $1,961,279.48. This represents a 50.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Owens sold 18,700 shares of the company's stock in a transaction 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 directly owns 20,246 shares in the company, valued at $1,255,656.92. This trade represents a 48.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,700 shares of company stock worth $5,164,799. Insiders own 2.70% of the company's stock.

Donaldson Price Performance

DCI traded up $0.42 during trading on Thursday, reaching $69.71. The stock had a trading volume of 379,778 shares, compared to its average volume of 571,889. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. 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 Company, Inc. has a 1-year low of $57.45 and a 1-year high of $78.95. The stock has a 50 day moving average of $66.12 and a two-hundred day moving average of $69.21.

Donaldson (NYSE:DCI - Get Free Report) last released its earnings results 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). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm had revenue of $870.00 million during the quarter, compared to analyst estimates of $908.32 million. As a group, equities analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson 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.