Quantinno Capital Management LP Increases Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Quantinno Capital Management LP lifted its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 79.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 56,603 shares of the industrial products company's stock after acquiring an additional 25,085 shares during the period. Quantinno Capital Management LP's holdings in Donaldson were worth $3,812,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of DCI. Norges Bank purchased a new stake in Donaldson during the 4th quarter worth approximately $65,828,000. Scharf Investments LLC acquired a new stake in shares of Donaldson during the fourth quarter worth $61,697,000. Capital Counsel LLC NY grew its holdings in shares of Donaldson by 489.2% during the fourth quarter. Capital Counsel LLC NY now owns 656,957 shares of the industrial products company's stock valued at $44,246,000 after buying an additional 545,457 shares during the last quarter. Fiduciary Management Inc. WI grew its holdings in shares of Donaldson by 19.9% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company's stock valued at $148,795,000 after buying an additional 367,383 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Donaldson by 24.7% in the 4th quarter. Invesco Ltd. now owns 1,512,667 shares of the industrial products company's stock valued at $101,878,000 after acquiring an additional 299,302 shares during the period. Hedge funds and other institutional investors own 82.81% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Donaldson news, Director James Owens sold 18,700 shares of the company's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $62.02, for a total value of $1,159,774.00. Following the completion of the transaction, the director now owns 20,246 shares in the company, valued at approximately $1,255,656.92. This represents a 48.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Thomas R. Scalf sold 29,500 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $68.89, for a total transaction 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. The trade was a 51.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,700 shares of company stock worth $5,164,799. Corporate insiders own 2.70% of the company's stock.

Donaldson Stock Performance

NYSE DCI traded down $0.49 on Friday, reaching $68.33. 117,651 shares of the company's stock traded hands, compared to its average volume of 571,369. Donaldson Company, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $78.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 1.82 and a beta of 1.01. The stock has a 50 day moving average price of $66.05 and a 200-day moving average price of $69.42.

Donaldson (NYSE:DCI - Get Free Report) last released 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). Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The company had revenue of $870.00 million for the quarter, compared to analysts' expectations of $908.32 million. Equities research analysts predict 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.