Harvey Investment Co. LLC decreased its stake in Donaldson Company, Inc. (NYSE:DCI) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 202,938 shares of the industrial products company’s stock after selling 4,700 shares during the period. Donaldson Company makes up approximately 1.9% of Harvey Investment Co. LLC’s portfolio, making the stock its 21st largest position. Harvey Investment Co. LLC’s holdings in Donaldson Company were worth $9,238,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Sei Investments Co. increased its stake in Donaldson Company by 3.5% in the third quarter. Sei Investments Co. now owns 62,070 shares of the industrial products company’s stock valued at $2,317,000 after buying an additional 2,118 shares in the last quarter. Victory Capital Management Inc. bought a new position in Donaldson Company during the third quarter valued at approximately $814,000. Northeast Investment Management bought a new position in Donaldson Company during the third quarter valued at approximately $210,000. Roof Eidam & Maycock ADV bought a new position in Donaldson Company during the third quarter valued at approximately $1,730,000. Finally, Texas Permanent School Fund boosted its position in Donaldson Company by 7.3% in the third quarter. Texas Permanent School Fund now owns 101,415 shares of the industrial products company’s stock valued at $3,786,000 after buying an additional 6,881 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Donaldson Company (NYSE:DCI)

Shares of Donaldson Company, Inc. (NYSE:DCI) traded down 0.34% during trading on Tuesday, hitting $44.51. 388,148 shares of the stock were exchanged. The firm’s 50-day moving average is $44.87 and its 200 day moving average is $41.68. Donaldson Company, Inc. has a 1-year low of $31.52 and a 1-year high of $47.68. The company has a market cap of $5.88 billion, a P/E ratio of 27.31 and a beta of 0.98.

Donaldson Company (NYSE:DCI) last posted its quarterly earnings data on Wednesday, March 1st. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. Donaldson Company had a net margin of 9.41% and a return on equity of 27.42%. The company had revenue of $550.60 million for the quarter, compared to the consensus estimate of $521.99 million. During the same period last year, the company earned $0.29 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. Equities analysts forecast that Donaldson Company, Inc. will post ($0.38) earnings per share for the current fiscal year.

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Separately, Zacks Investment Research cut shares of Donaldson Company from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $43.00.

In related news, Director Willard D. Oberton sold 14,400 shares of the firm’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $44.86, for a total value of $645,984.00. Following the completion of the transaction, the director now directly owns 28,057 shares of the company’s stock, valued at $1,258,637.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.88% of the stock is owned by company insiders.

Donaldson Company Company Profile

Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 42 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.

5 Day Chart for NYSE:DCI

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