Price T Rowe Associates Inc. MD Acquires 6,114 Shares of Donaldson Company, Inc. (NYSE:DCI)

Price T Rowe Associates Inc. MD lifted its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 9.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 70,072 shares of the industrial products company's stock after purchasing an additional 6,114 shares during the period. Price T Rowe Associates Inc. MD owned about 0.06% of Donaldson worth $4,720,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Barclays PLC grew its position in shares of 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 acquiring an additional 13,568 shares during the period. Tidal Investments LLC increased its position in Donaldson by 26.9% in the third quarter. Tidal Investments LLC now owns 9,327 shares of the industrial products company's stock worth $687,000 after buying an additional 1,980 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Donaldson by 2.5% in the third quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company's stock worth $220,380,000 after buying an additional 73,234 shares during the period. 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 valued at $32,394,000 after buying an additional 23,758 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Donaldson by 28.7% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 206 shares during the period. 82.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DCI. StockNews.com downgraded shares of Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Stifel Nicolaus lowered 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 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, Donaldson currently has a consensus rating of "Hold" and an average price target of $71.33.

Donaldson Price Performance

Shares of Donaldson stock traded down $0.02 on Friday, hitting $67.61. 329,102 shares of the company traded hands, compared to its average volume of 570,683. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95. The business has a 50-day simple moving average of $65.84 and a 200 day simple moving average of $69.65. 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 stock has a market capitalization of $8.08 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01.

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

Insider Transactions at Donaldson

In other news, President Thomas R. Scalf sold 28,500 shares of the business'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 transaction of $1,972,770.00. Following the transaction, the president now owns 28,334 shares of the company's stock, valued at approximately $1,961,279.48. The trade was a 50.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Owens sold 18,700 shares of Donaldson stock in a transaction on 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 directly owns 20,246 shares of the company's stock, valued at $1,255,656.92. The trade was a 48.02 % decrease in their ownership of the stock. 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 ninety days. Corporate insiders own 2.70% of the company's stock.

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.