ProShare Advisors LLC Has $30.52 Million Stake in Donaldson Company, Inc. (NYSE:DCI)

ProShare Advisors LLC boosted its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 453,097 shares of the industrial products company's stock after buying an additional 7,583 shares during the quarter. ProShare Advisors LLC owned 0.38% of Donaldson worth $30,516,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of Donaldson by 19.3% during the third 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 last quarter. Oak Thistle LLC purchased a new stake in shares of Donaldson during the fourth quarter valued at $289,000. Nisa Investment Advisors LLC lifted its holdings in shares of Donaldson by 0.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 41,813 shares of the industrial products company's stock valued at $2,816,000 after purchasing an additional 350 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Donaldson by 7.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,057 shares of the industrial products company's stock valued at $475,000 after purchasing an additional 482 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Donaldson by 30.2% during the fourth quarter. Blue Trust Inc. now owns 3,368 shares of the industrial products company's stock valued at $248,000 after purchasing an additional 782 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DCI shares. StockNews.com lowered Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $71.33.

Donaldson Price Performance

Shares of Donaldson stock traded down $0.49 during trading on Tuesday, reaching $70.39. The company's stock had a trading volume of 490,806 shares, compared to its average volume of 572,435. The stock has a 50-day moving average price of $65.98 and a two-hundred day moving average price of $69.46. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $78.95. The stock has a market capitalization of $8.41 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings results 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). The firm had revenue of $870.00 million during 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%. As a group, sell-side analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas R. Scalf sold 28,500 shares of the company'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 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 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 90 days. 2.70% of the stock is currently owned by insiders.

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.