William Blair Investment Management LLC Buys 1,701,387 Shares of Donaldson Company, Inc. $DCI

William Blair Investment Management LLC boosted its stake in Donaldson Company, Inc. (NYSE:DCI) by 26,235.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,707,872 shares of the industrial products company’s stock after acquiring an additional 1,701,387 shares during the period. William Blair Investment Management LLC owned 1.48% of Donaldson worth $151,420,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in DCI. Victory Capital Management Inc. boosted its holdings in Donaldson by 6,069.9% in the third quarter. Victory Capital Management Inc. now owns 1,178,884 shares of the industrial products company’s stock valued at $96,492,000 after acquiring an additional 1,159,777 shares in the last quarter. Arbejdsmarkedets Tillaegspension bought a new stake in Donaldson in the fourth quarter valued at $22,872,000. Robeco Institutional Asset Management B.V. bought a new stake in Donaldson in the fourth quarter valued at $17,105,000. Millennium Management LLC boosted its holdings in Donaldson by 428.6% in the first quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company’s stock valued at $15,020,000 after acquiring an additional 181,602 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in Donaldson in the third quarter valued at $14,349,000. Institutional investors own 82.81% of the company’s stock.

Insiders Place Their Bets

In other Donaldson news, Director James Owens sold 13,753 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total value of $1,226,905.13. Following the completion of the transaction, the director owned 22,565 shares of the company’s stock, valued at approximately $2,013,023.65. The trade was a 37.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 19,800 shares of company stock valued at $1,765,184. 2.20% of the stock is currently owned by insiders.

Donaldson Price Performance

DCI opened at $83.73 on Friday. The stock has a 50-day moving average price of $86.02 and a 200-day moving average price of $91.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.29 and a quick ratio of 1.46. The firm has a market cap of $9.70 billion, a PE ratio of 26.17, a P/E/G ratio of 2.11 and a beta of 0.99. Donaldson Company, Inc. has a 1 year low of $67.71 and a 1 year high of $112.84.

Donaldson (NYSE:DCI) last issued its earnings results on Wednesday, February 25th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.07). Donaldson had a return on equity of 29.85% and a net margin of 10.09%.The business had revenue of $896.30 million during the quarter, compared to analysts’ expectations of $898.64 million. During the same period last year, the firm posted $0.83 EPS. Donaldson’s quarterly revenue was up 3.0% compared to the same quarter last year. Sell-side analysts predict that Donaldson Company, Inc. will post 3.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Morgan Stanley dropped their target price on shares of Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a report on Monday, March 9th. Robert W. Baird dropped their target price on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Jefferies Financial Group boosted their target price on shares of Donaldson to $123.00 and gave the company a “buy” rating in a report on Monday, February 2nd. UBS Group set a $96.00 target price on shares of Donaldson in a report on Tuesday, February 24th. Finally, Weiss Ratings cut shares of Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $100.20.

Donaldson Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.