Vanguard Group Inc. Sells 229,741 Shares of Donaldson Company, Inc. $DCI

Key Points

• Vanguard Group sold 229,741 shares in the fourth quarter (a 1.9% trim), leaving it with 11,809,433 shares — or 10.24% of Donaldson — valued at about $1.047 billion.
• Director James Owens sold 13,753 shares on April 14, reducing his stake by 37.87% to 22,565 shares; insiders sold 19,800 shares in the last quarter and now own 2.20% of the company.
• Donaldson missed quarterly estimates (EPS $0.83 vs. $0.90 and slightly below revenue expectations), and analysts' consensus is a "Hold" with an average price target of $100.20 while the stock trades near $86.35.

Vanguard Group Inc. lowered its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,809,433 shares of the industrial products company's stock after selling 229,741 shares during the quarter. Vanguard Group Inc. owned 10.24% of Donaldson worth $1,047,024,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. True Wealth Design LLC increased its stake in Donaldson by 203.7% in the third 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. increased its stake in Donaldson by 3,680.0% in the third quarter. SJS Investment Consulting Inc. now owns 378 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 368 shares during the period. Eagle Bay Advisors LLC bought a new stake in Donaldson in the fourth quarter valued at about $45,000. CENTRAL TRUST Co increased its stake in Donaldson by 40.3% in the third quarter. CENTRAL TRUST Co now owns 1,024 shares of the industrial products company's stock valued at $84,000 after acquiring an additional 294 shares during the period. Finally, Steph & Co. increased its stake in Donaldson by 76.4% in the fourth quarter. Steph & Co. now owns 944 shares of the industrial products company's stock valued at $84,000 after acquiring an additional 409 shares during the period. Institutional investors own 82.81% of the company's stock.

Insider Activity

In other news, Director James Owens sold 13,753 shares of the company's stock in a transaction that occurred 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 approximately $2,013,023.65. This represents a 37.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 19,800 shares of company stock worth $1,765,184 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DCI shares. Morgan Stanley lowered their target price 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. Wall Street Zen lowered shares of Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Weiss Ratings lowered shares of Donaldson from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, April 15th. UBS Group set a $96.00 price target on shares of Donaldson in a research report on Tuesday, February 24th. Finally, Robert W. Baird reduced their price target on shares of Donaldson from $104.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, March 30th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Donaldson presently has an average rating of "Hold" and an average price target of $100.20.

Donaldson Price Performance

NYSE:DCI opened at $86.35 on Friday. The firm has a market cap of $10.00 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 2.22 and a beta of 1.05. Donaldson Company, Inc. has a 12 month low of $65.72 and a 12 month high of $112.84. The company has a quick ratio of 1.46, a current ratio of 2.29 and a debt-to-equity ratio of 0.43. The company's 50-day moving average price is $89.23 and its two-hundred day moving average price is $91.71.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.83 EPS for the quarter, missing analysts' consensus estimates of $0.90 by ($0.07). The firm had revenue of $896.30 million during the quarter, compared to analyst estimates of $898.64 million. Donaldson had a net margin of 10.09% and a return on equity of 29.85%. Donaldson's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 earnings per share. On average, equities analysts anticipate that Donaldson Company, Inc. will post 3.97 EPS for the current fiscal 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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