Hsbc Holdings PLC Purchases 7,040 Shares of Donaldson Company, Inc. (NYSE:DCI)

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

A number of other institutional investors and hedge funds also recently made changes to their positions in DCI. IFP Advisors Inc raised its position in Donaldson by 94.5% during the fourth quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company's stock valued at $185,000 after purchasing an additional 1,334 shares in the last quarter. Granite Bay Wealth Management LLC acquired a new position in shares of Donaldson during the 4th quarter worth $943,000. JPMorgan Chase & Co. lifted its position in shares of Donaldson by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company's stock worth $32,394,000 after buying an additional 23,758 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Donaldson by 38.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 574,146 shares of the industrial products company's stock valued at $38,669,000 after buying an additional 158,487 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Donaldson by 28.7% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock worth $62,000 after acquiring an additional 206 shares in the last quarter. Institutional investors own 82.81% of the company's stock.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director James Owens sold 18,700 shares of the stock in a transaction dated 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 completion of the sale, the director now directly owns 20,246 shares in the company, valued at approximately $1,255,656.92. This trade represents a 48.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Thomas R. Scalf sold 28,500 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the completion of the transaction, the president now directly owns 28,334 shares in the company, valued at $1,961,279.48. This represents a 50.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,700 shares of company stock valued at $5,164,799. 2.70% of the stock is currently owned by company insiders.

Donaldson Trading Up 2.2 %

Shares of Donaldson stock traded up $1.46 on Friday, hitting $67.30. The stock had a trading volume of 378,771 shares, compared to its average volume of 572,947. The stock has a 50 day moving average of $66.00 and a 200 day moving average of $69.95. The firm has a market capitalization of $8.04 billion, a P/E ratio of 19.56, a PEG ratio of 1.82 and a beta of 1.01. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month 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.

Donaldson (NYSE:DCI - Get Free Report) last released 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 the consensus estimate of $908.32 million. Sell-side analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DCI. StockNews.com downgraded shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. 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 research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average 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.