Voya Investment Management LLC Increases Holdings in Donaldson Company, Inc. (NYSE:DCI)

Voya Investment Management LLC grew its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 12.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,477 shares of the industrial products company's stock after purchasing an additional 14,127 shares during the quarter. Voya Investment Management LLC owned approximately 0.11% of Donaldson worth $8,788,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Donaldson by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company's stock valued at $856,509,000 after buying an additional 33,139 shares in the last quarter. FMR LLC grew its holdings in Donaldson by 6.2% during the 4th quarter. FMR LLC now owns 3,994,275 shares of the industrial products company's stock valued at $269,014,000 after buying an additional 231,424 shares in the last quarter. Franklin Resources Inc. grew its holdings in Donaldson by 2.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company's stock valued at $220,380,000 after buying an additional 73,234 shares in the last quarter. Geode Capital Management LLC grew its holdings in Donaldson by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 2,520,586 shares of the industrial products company's stock valued at $169,804,000 after buying an additional 71,707 shares in the last quarter. Finally, Fiduciary Management Inc. WI grew its holdings in Donaldson by 19.9% during the 4th quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company's stock valued at $148,795,000 after buying an additional 367,383 shares in the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DCI shares. Stifel Nicolaus reduced their target price 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 lowered Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $71.33.

Insider Activity at Donaldson

In other Donaldson 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 owns 28,334 shares of the company's stock, valued at $1,961,279.48. This trade represents a 50.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Owens sold 18,700 shares of the firm's 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 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,700 shares of company stock valued at $5,164,799. Insiders own 2.70% of the company's stock.

Donaldson Stock Performance

Donaldson stock opened at $65.56 on Wednesday. The firm's fifty day moving average price is $66.16 and its 200-day moving average price is $70.08. 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 cap of $7.84 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. Donaldson Company, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $78.95.

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

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.

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