Donaldson Company, Inc. (NYSE:DCI) Shares Bought by MGO One Seven LLC

MGO One Seven LLC raised its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 155.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,988 shares of the industrial products company's stock after acquiring an additional 4,856 shares during the period. MGO One Seven LLC's holdings in Donaldson were worth $538,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Barclays PLC lifted its holdings in shares of Donaldson by 19.3% in the 3rd quarter. Barclays PLC now owns 83,738 shares of the industrial products company's stock valued at $6,171,000 after buying an additional 13,568 shares during the period. Tidal Investments LLC boosted its position in Donaldson by 26.9% in the 3rd quarter. Tidal Investments LLC now owns 9,327 shares of the industrial products company's stock worth $687,000 after purchasing an additional 1,980 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Donaldson by 2.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company's stock worth $220,380,000 after purchasing an additional 73,234 shares during the period. Retirement Systems of Alabama increased its holdings in shares of Donaldson by 2.8% during the 3rd quarter. Retirement Systems of Alabama now owns 304,606 shares of the industrial products company's stock valued at $22,449,000 after purchasing an additional 8,154 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Donaldson by 5.7% during the third 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 in the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Donaldson Price Performance

Shares of DCI traded up $1.46 during trading hours on Friday, hitting $67.30. 297,550 shares of the stock were exchanged, compared to its average volume of 572,105. The stock's 50-day moving average price is $66.05 and its two-hundred day moving average price is $69.99. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The company has a market cap of $8.04 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. 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 released its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $908.32 million. Research analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Insider Buying and Selling at Donaldson

In other news, President Thomas R. Scalf sold 28,500 shares of the firm's stock in a transaction on 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 sale, the president now directly owns 28,334 shares in the company, valued at approximately $1,961,279.48. This trade represents a 50.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Owens sold 18,700 shares of the stock in a transaction on 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 76,700 shares of company stock valued at $5,164,799 in the last quarter. Corporate insiders own 2.70% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on DCI. Stifel Nicolaus dropped their target price on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. StockNews.com cut shares of 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 assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $71.33.

About Donaldson

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.