Hsbc Holdings PLC Boosts Holdings in Donaldson Company, Inc. (NYSE:DCI)

Hsbc Holdings PLC increased its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,890 shares of the industrial products company's stock after acquiring an additional 7,040 shares during the period. Hsbc Holdings PLC's holdings in Donaldson were worth $3,495,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Argent Trust Co boosted its holdings 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 worth $319,000 after buying an additional 152 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 180 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Donaldson by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company's stock worth $252,000 after purchasing an additional 187 shares during the last quarter. GAMMA Investing LLC increased its holdings in Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock worth $62,000 after acquiring an additional 206 shares during the last quarter. Finally, Signal Advisors Wealth LLC boosted its holdings in shares of Donaldson by 5.6% in the fourth quarter. Signal Advisors Wealth LLC now owns 4,709 shares of the industrial products company's stock worth $317,000 after acquiring an additional 249 shares during the period. 82.81% of the stock is currently owned by institutional investors.

Insider Activity at Donaldson

In other Donaldson news, Director James Owens sold 18,700 shares of the firm'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 sale, the director now directly owns 20,246 shares in the company, valued at $1,255,656.92. This trade represents a 48.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Thomas R. Scalf sold 28,500 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $69.22, for a total value of $1,972,770.00. Following the transaction, the president now owns 28,334 shares in the company, valued at $1,961,279.48. This trade represents a 50.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,700 shares of company stock worth $5,164,799 in the last three months. 2.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on DCI. Stifel Nicolaus decreased their target price on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a report on Monday, April 14th. StockNews.com lowered Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $71.33.

Donaldson Price Performance

DCI stock traded down $0.02 during mid-day trading on Monday, hitting $67.25. 66,145 shares of the stock were exchanged, compared to its average volume of 624,064. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 1.82 and a beta of 1.01. The business has a fifty day moving average price of $66.00 and a 200 day moving average price of $69.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $78.95.

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

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.