Granite Investment Partners LLC trimmed its stake in Donaldson Company, Inc. (NYSE:DCI) by 10.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 17,970 shares of the industrial products company’s stock after selling 2,000 shares during the period. Granite Investment Partners LLC’s holdings in Donaldson were worth $1,047,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in shares of Donaldson by 20.6% in the 1st quarter. LPL Financial LLC now owns 8,800 shares of the industrial products company’s stock valued at $396,000 after purchasing an additional 1,505 shares during the period. Principal Financial Group Inc. raised its stake in Donaldson by 1.0% during the 1st quarter. Principal Financial Group Inc. now owns 1,109,731 shares of the industrial products company’s stock worth $49,993,000 after buying an additional 10,999 shares during the period. State of Alaska Department of Revenue raised its stake in Donaldson by 32.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 15,710 shares of the industrial products company’s stock worth $708,000 after buying an additional 3,870 shares during the period. Xact Kapitalforvaltning AB raised its stake in Donaldson by 22.2% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 15,432 shares of the industrial products company’s stock worth $696,000 after buying an additional 2,800 shares during the period. Finally, Amalgamated Bank raised its stake in Donaldson by 8.4% during the 2nd quarter. Amalgamated Bank now owns 31,304 shares of the industrial products company’s stock worth $1,412,000 after buying an additional 2,421 shares during the period. 81.41% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Donaldson from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Wednesday, August 1st. ValuEngine raised Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Stifel Nicolaus reaffirmed a “hold” rating and set a $54.00 price target (up from $46.00) on shares of Donaldson in a research note on Thursday, September 6th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Donaldson in a research note on Thursday, September 6th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $56.75.

In other news, VP Richard Brent Lewis sold 3,209 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $58.99, for a total value of $189,298.91. Following the completion of the sale, the vice president now directly owns 4,000 shares of the company’s stock, valued at $235,960. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Willard D. Oberton sold 14,400 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $56.85, for a total value of $818,640.00. Following the completion of the sale, the director now directly owns 30,451 shares of the company’s stock, valued at $1,731,139.35. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

DCI stock opened at $54.44 on Tuesday. Donaldson Company, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $59.43. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.69 and a current ratio of 2.40. The company has a market cap of $7.11 billion, a P/E ratio of 27.75, a PEG ratio of 2.03 and a beta of 1.25.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Thursday, September 6th. The industrial products company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. The business had revenue of $724.70 million for the quarter, compared to the consensus estimate of $727.79 million. Donaldson had a return on equity of 31.09% and a net margin of 6.59%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. On average, equities research analysts forecast that Donaldson Company, Inc. will post 2.37 earnings per share for the current year.

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About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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