Tower Research Capital LLC TRC Increases Position in Donaldson Company, Inc. (NYSE:DCI)

Tower Research Capital LLC TRC increased its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 186.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,204 shares of the industrial products company's stock after buying an additional 7,289 shares during the period. Tower Research Capital LLC TRC's holdings in Donaldson were worth $755,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DCI. Norges Bank bought a new stake in shares of Donaldson during the fourth quarter valued at approximately $65,828,000. Scharf Investments LLC purchased a new position in Donaldson during the 4th quarter worth $61,697,000. Capital Counsel LLC NY raised its position in Donaldson by 489.2% during the 4th quarter. Capital Counsel LLC NY now owns 656,957 shares of the industrial products company's stock valued at $44,246,000 after purchasing an additional 545,457 shares in the last quarter. Fiduciary Management Inc. WI lifted its holdings in shares of Donaldson by 19.9% in the 4th quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company's stock worth $148,795,000 after buying an additional 367,383 shares during the period. Finally, Invesco Ltd. grew its position in shares of Donaldson by 24.7% during the 4th quarter. Invesco Ltd. now owns 1,512,667 shares of the industrial products company's stock worth $101,878,000 after buying an additional 299,302 shares in the last quarter. Institutional investors own 82.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DCI shares. Stifel Nicolaus decreased their price objective on Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a report on Monday, April 14th. StockNews.com cut shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. 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. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $71.33.

Donaldson Stock Up 0.4 %

Shares of NYSE DCI traded up $0.24 during mid-day trading on Thursday, reaching $65.97. 213,407 shares of the company were exchanged, compared to its average volume of 571,866. The firm has a 50-day moving average of $66.10 and a 200 day moving average of $70.05. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $78.95. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI - Get Free Report) last released 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). Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The firm had revenue of $870.00 million for the quarter, compared to analysts' expectations of $908.32 million. On average, 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 Donaldson 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 value of $1,159,774.00. Following the completion of the sale, the director now directly owns 20,246 shares in the company, valued at approximately $1,255,656.92. This trade represents a 48.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Thomas R. Scalf sold 29,500 shares of the firm's stock in a transaction dated 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 sale, the president now directly owns 28,334 shares of the company's stock, valued at approximately $1,951,929.26. This represents a 51.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,700 shares of company stock worth $5,164,799 over the last three months. Corporate insiders own 2.70% of the company's stock.

Donaldson Company 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.