ICW Investment Advisors LLC Acquires 786 Shares of Donaldson Company, Inc. (NYSE:DCI)

ICW Investment Advisors LLC raised its holdings in Donaldson Company, Inc. (NYSE:DCI) by 3.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,846 shares of the industrial products company’s stock after acquiring an additional 786 shares during the quarter. ICW Investment Advisors LLC’s holdings in Donaldson were worth $1,428,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of DCI. Raymond James & Associates grew its position in shares of Donaldson by 0.3% during the 3rd quarter. Raymond James & Associates now owns 179,624 shares of the industrial products company’s stock worth $10,713,000 after buying an additional 573 shares in the last quarter. SkyOak Wealth LLC purchased a new stake in shares of Donaldson during the 3rd quarter worth $270,000. Bank of New York Mellon Corp lifted its stake in shares of Donaldson by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,456,826 shares of the industrial products company’s stock worth $86,885,000 after purchasing an additional 5,162 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Donaldson by 26.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,402 shares of the industrial products company’s stock worth $1,455,000 after purchasing an additional 5,079 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Donaldson by 18.2% during the 3rd quarter. Mackenzie Financial Corp now owns 8,591 shares of the industrial products company’s stock worth $510,000 after purchasing an additional 1,321 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

Donaldson Stock Performance

Shares of DCI stock traded up $0.64 during mid-day trading on Wednesday, reaching $72.84. The stock had a trading volume of 146,999 shares, compared to its average volume of 452,635. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 2.12 and a beta of 1.10. Donaldson Company, Inc. has a 1-year low of $57.05 and a 1-year high of $75.44. The business’s fifty day moving average is $72.51 and its 200-day moving average is $66.13. The company has a current ratio of 1.47, a quick ratio of 0.99 and a debt-to-equity ratio of 0.26.

Donaldson (NYSE:DCI) last posted its earnings results on Wednesday, February 28th. The industrial products company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. The firm had revenue of $876.70 million for the quarter, compared to analyst estimates of $874.34 million. Donaldson had a return on equity of 28.52% and a net margin of 10.82%. Donaldson’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. On average, research analysts forecast that Donaldson Company, Inc. will post 3.28 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Willard D. Oberton sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $73.54, for a total transaction of $330,930.00. Following the sale, the director now directly owns 27,685 shares of the company’s stock, valued at $2,035,954.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Donaldson news, President Thomas R. Scalf sold 7,680 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $71.09, for a total value of $545,971.20. Following the sale, the president now directly owns 34,334 shares of the company’s stock, valued at $2,440,804.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Willard D. Oberton sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total value of $330,930.00. Following the completion of the sale, the director now directly owns 27,685 shares in the company, valued at $2,035,954.90. The disclosure for this sale can be found here. Insiders have sold a total of 79,407 shares of company stock valued at $5,817,942 over the last ninety days. Company insiders own 2.58% of the company’s stock.

Analysts Set New Price Targets

DCI has been the subject of a number of analyst reports. Morgan Stanley initiated coverage on Donaldson in a research note on Monday, January 8th. They set an “underweight” rating and a $59.00 price objective for the company. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th. Finally, Robert W. Baird increased their price target on Donaldson from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $67.50.

About Donaldson

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.