Voloridge Investment Management LLC Boosts Holdings in Donaldson Company, Inc. (NYSE:DCI)

Voloridge Investment Management LLC raised its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 29.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 495,724 shares of the industrial products company's stock after acquiring an additional 111,895 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.42% of Donaldson worth $33,387,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Argent Trust Co boosted its stake in shares of Donaldson by 3.3% in the 4th quarter. Argent Trust Co now owns 4,739 shares of the industrial products company's stock valued at $319,000 after buying an additional 152 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Donaldson by 43.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after buying an additional 180 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Donaldson by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company's stock valued at $252,000 after buying an additional 187 shares during the period. Johnson Financial Group Inc. boosted its stake in shares of Donaldson by 48.8% in the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock valued at $42,000 after buying an additional 195 shares during the period. Finally, Truist Financial Corp boosted its stake in shares of Donaldson by 4.9% in the 4th quarter. Truist Financial Corp now owns 6,199 shares of the industrial products company's stock valued at $417,000 after buying an additional 290 shares during the period. Hedge funds and other institutional investors own 82.81% of the company's stock.

Insiders Place Their Bets

In other Donaldson news, Director James Owens sold 18,700 shares of Donaldson stock in a transaction that occurred 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 transaction, the director now owns 20,246 shares of the company's stock, valued at $1,255,656.92. The trade was a 48.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Thomas R. Scalf sold 29,500 shares of Donaldson stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $68.89, for a total value of $2,032,255.00. Following the transaction, the president now directly owns 28,334 shares in the company, valued at approximately $1,951,929.26. This trade represents a 51.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,700 shares of company stock valued at $5,164,799 over the last quarter. Company insiders own 2.70% of the company's stock.

Donaldson Stock Up 2.2%

DCI stock traded up $1.51 during trading on Tuesday, hitting $69.70. 128,749 shares of the company's stock were exchanged, compared to its average volume of 572,127. The business has a 50-day moving average price of $66.04 and a two-hundred day moving average price of $69.20. The stock has a market capitalization of $8.33 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.82 and a beta of 1.01. Donaldson Company, Inc. has a 52-week low of $57.45 and a 52-week high of $78.95. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI - Get Free Report) last posted its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). The business had revenue of $870.00 million for the quarter, compared to analysts' expectations of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. As a group, equities research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on DCI. Wall Street Zen cut Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Stifel Nicolaus decreased their price objective on Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research note on Monday, April 14th. One research 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's stock. According to data from MarketBeat.com, Donaldson presently has an average rating of "Hold" and a consensus target price of $71.33.

Donaldson Company 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.