UBS Group AG Sells 24,827 Shares of Donaldson Company, Inc. $DCI

Key Points

• UBS Group AG reduced its stake in Donaldson by 3.8%, selling 24,827 shares and now owns 631,673 shares (~$56.0M), or about 0.55% of the company.
• Director James Owens sold 13,753 shares on April 14 at an average price of $89.21 (a 37.87% cut to his holding); insiders sold 19,800 shares (~$1.77M) over the last quarter and own 2.20% of the stock.
• Donaldson missed quarterly EPS ($0.83 vs. $0.90) with revenue slightly below estimates, and analysts have a consensus rating of "Hold" with an average target price of $100.20.

UBS Group AG reduced its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 631,673 shares of the industrial products company's stock after selling 24,827 shares during the quarter. UBS Group AG owned 0.55% of Donaldson worth $56,004,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DCI. Eagle Bay Advisors LLC acquired a new position in shares of Donaldson during the 4th quarter worth about $45,000. CENTRAL TRUST Co increased its stake 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 purchasing an additional 294 shares during the last quarter. Steph & Co. increased its stake 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 purchasing an additional 409 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of Donaldson by 200.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,251 shares of the industrial products company's stock worth $102,000 after purchasing an additional 834 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new position in shares of Donaldson during the 3rd quarter worth about $109,000. 82.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Donaldson news, Director James Owens sold 13,753 shares of the stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $89.21, for a total value of $1,226,905.13. Following the transaction, the director directly owned 22,565 shares of the company's stock, 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 Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 19,800 shares of company stock valued at $1,765,184. 2.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DCI has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Donaldson from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 15th. Robert W. Baird lowered their price objective on shares of Donaldson from $104.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, March 30th. UBS Group set a $96.00 price objective on shares of Donaldson in a research note on Tuesday, February 24th. Morgan Stanley lowered their price objective on shares of Donaldson from $93.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Monday, March 9th. Finally, Jefferies Financial Group boosted their price objective on shares of Donaldson to $123.00 and gave the stock a "buy" rating in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Donaldson has a consensus rating of "Hold" and an average target price of $100.20.

Donaldson Stock Up 1.2%

Donaldson stock opened at $86.24 on Wednesday. The stock has a market cap of $9.99 billion, a P/E ratio of 26.95, a P/E/G ratio of 2.14 and a beta of 0.99. 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 Company, Inc. has a twelve month low of $65.72 and a twelve month high of $112.84. The company's 50-day moving average price is $88.81 and its two-hundred day moving average price is $91.88.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.07). The company 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 firm's revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 earnings per share. As a group, analysts expect that Donaldson Company, Inc. will post 3.97 EPS for the current year.

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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