Pinebridge Investments L.P. Buys 14,035 Shares of Donaldson Company, Inc. (NYSE:DCI)

Pinebridge Investments L.P. increased its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 123,042 shares of the industrial products company's stock after acquiring an additional 14,035 shares during the period. Pinebridge Investments L.P. owned 0.10% of Donaldson worth $8,287,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its holdings in shares of Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock worth $40,000 after acquiring an additional 180 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Donaldson by 89.6% in the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock worth $53,000 after buying an additional 369 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 buying an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Donaldson by 45.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company's stock valued at $77,000 after buying an additional 353 shares in the last quarter. Finally, National Bank of Canada FI grew its position in Donaldson by 61.9% in the fourth quarter. National Bank of Canada FI now owns 1,206 shares of the industrial products company's stock valued at $81,000 after acquiring an additional 461 shares during the period. Institutional investors own 82.81% of the company's stock.

Donaldson Trading Down 0.7 %

DCI traded down $0.47 during mid-day trading on Wednesday, hitting $65.12. The stock had a trading volume of 118,205 shares, compared to its average volume of 570,607. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $78.95. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 18.93, 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. The stock's fifty day simple moving average is $66.16 and its 200-day simple moving average is $70.08.

Donaldson (NYSE:DCI - Get Free Report) last announced 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). The business had revenue of $870.00 million during the quarter, compared to the consensus estimate of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. As a group, research analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Analyst Ratings Changes

DCI has been the topic of several research analyst reports. Stifel Nicolaus decreased their price objective 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. StockNews.com cut Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $71.33.

Insider Activity

In other Donaldson news, President Thomas R. Scalf sold 29,500 shares of the firm's 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 completion of the transaction, the president now directly owns 28,334 shares in the company, valued at $1,951,929.26. This trade represents a 51.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Owens sold 18,700 shares of the company's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the sale, the director now owns 20,246 shares in the company, valued at approximately $1,255,656.92. This 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 worth $5,164,799 over the last ninety days. Insiders own 2.70% of the company's stock.

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.