PFA Pension Forsikringsaktieselskab Takes Position in Donaldson Company, Inc. $DCI

Key Points

• PFA Pension bought a new stake of 20,252 Donaldson shares in Q4, worth roughly $1.83 million, and institutions now own about 82.81% of the stock.
• Donaldson missed quarterly estimates, reporting $0.83 EPS vs. $0.90 expected and $896.3M in revenue (vs. $898.6M est.), though revenue was up about 3% year-over-year.
• Director James Owens sold 13,753 shares (~$1.23M), insiders have sold 19,800 shares (~$1.77M) in the last 90 days, and analysts' consensus is a Hold with an average target of $100.20.

PFA Pension Forsikringsaktieselskab purchased a new stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 20,252 shares of the industrial products company's stock, valued at approximately $1,829,000.

A number of other institutional investors have also modified their holdings of DCI. True Wealth Design LLC boosted its holdings in Donaldson by 203.7% during the 3rd quarter. True Wealth Design LLC now owns 325 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 218 shares during the period. SJS Investment Consulting Inc. raised its position in Donaldson by 3,680.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 378 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 368 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Donaldson in the 4th quarter valued at about $45,000. CENTRAL TRUST Co raised its position in shares of Donaldson by 40.3% during the 3rd quarter. CENTRAL TRUST Co now owns 1,024 shares of the industrial products company's stock worth $84,000 after acquiring an additional 294 shares in the last quarter. Finally, Steph & Co. raised its position in shares of Donaldson by 76.4% during the 4th quarter. Steph & Co. now owns 944 shares of the industrial products company's stock worth $84,000 after acquiring an additional 409 shares in the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Price Performance

DCI stock opened at $85.13 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 2.29. Donaldson Company, Inc. has a 1 year low of $65.72 and a 1 year high of $112.84. The firm has a market cap of $9.86 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99. The stock has a 50-day simple moving average of $89.23 and a 200-day simple moving average of $91.85.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.07). Donaldson had a net margin of 10.09% and a return on equity of 29.85%. The company had revenue of $896.30 million during the quarter, compared to analyst estimates of $898.64 million. During the same quarter last year, the business posted $0.83 EPS. Donaldson's quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts predict that Donaldson Company, Inc. will post 3.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Donaldson news, Director James Owens sold 13,753 shares of the stock in a transaction on 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 transaction, the director directly owned 22,565 shares in the company, valued at $2,013,023.65. This represents a 37.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 19,800 shares of company stock worth $1,765,184. Corporate insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

DCI has been the topic of a number of research reports. Weiss Ratings downgraded Donaldson from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 15th. Wall Street Zen downgraded Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. Robert W. Baird decreased their price target on Donaldson from $104.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, March 30th. Jefferies Financial Group boosted their target price on Donaldson to $123.00 and gave the stock a "buy" rating in a research report on Monday, February 2nd. Finally, Morgan Stanley reduced their price objective on Donaldson from $93.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Monday, March 9th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Donaldson has a consensus rating of "Hold" and an average target price of $100.20.

Donaldson 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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