Lighthouse Investment Partners LLC Invests $674,000 in Donaldson Company, Inc. (NYSE:DCI)

Lighthouse Investment Partners LLC purchased a new stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the industrial products company's stock, valued at approximately $674,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in Donaldson by 19.3% during the 3rd quarter. Barclays PLC now owns 83,738 shares of the industrial products company's stock valued at $6,171,000 after purchasing an additional 13,568 shares during the period. Signal Advisors Wealth LLC grew its holdings in shares of Donaldson by 5.6% during the fourth quarter. Signal Advisors Wealth LLC now owns 4,709 shares of the industrial products company's stock valued at $317,000 after buying an additional 249 shares in the last quarter. Oak Thistle LLC acquired a new position in Donaldson during the fourth quarter valued at $289,000. Covea Finance lifted its stake in Donaldson by 37.5% in the 4th quarter. Covea Finance now owns 44,000 shares of the industrial products company's stock worth $2,963,000 after acquiring an additional 12,000 shares in the last quarter. Finally, Radnor Capital Management LLC boosted its position in Donaldson by 21.4% during the 4th quarter. Radnor Capital Management LLC now owns 69,820 shares of the industrial products company's stock worth $4,702,000 after acquiring an additional 12,315 shares during the period. Institutional investors and hedge funds own 82.81% of the company's stock.

Insider Activity at Donaldson

In other 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 transaction, the director now owns 20,246 shares of the company's stock, valued at approximately $1,255,656.92. This 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 29,500 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $68.89, for a total value of $2,032,255.00. Following the completion of the transaction, the president now directly owns 28,334 shares in the company, valued at $1,951,929.26. The trade was a 51.01% 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. Insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus dropped their target price on 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 shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. One 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $71.33.

Donaldson Stock Down 0.8%

DCI opened at $69.76 on Thursday. The company has a market capitalization of $8.34 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. 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 fifty-two week low of $57.45 and a fifty-two week high of $78.95. The business has a 50-day moving average of $65.89 and a 200-day moving average of $69.59.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Equities research analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson 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.

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