Swedbank AB Buys 13,300 Shares of Donaldson Company, Inc. $DCI

Swedbank AB raised its stake in Donaldson Company, Inc. (NYSE:DCI) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 528,100 shares of the industrial products company’s stock after buying an additional 13,300 shares during the period. Swedbank AB owned about 0.46% of Donaldson worth $46,821,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in shares of Donaldson by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 490,001 shares of the industrial products company’s stock valued at $40,108,000 after purchasing an additional 25,156 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Donaldson by 10.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,283,326 shares of the industrial products company’s stock valued at $105,040,000 after purchasing an additional 123,000 shares during the last quarter. Artemis Investment Management LLP bought a new position in shares of Donaldson during the 4th quarter valued at $1,494,000. Dimensional Fund Advisors LP grew its holdings in shares of Donaldson by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,994,211 shares of the industrial products company’s stock valued at $163,218,000 after purchasing an additional 20,478 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Donaldson during the 3rd quarter valued at $3,068,000. Institutional investors own 82.81% of the company’s stock.

Insider Transactions at Donaldson

In other Donaldson news, Director James Owens sold 13,753 shares of the firm’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $89.21, for a total value of $1,226,905.13. Following the sale, the director owned 22,565 shares of the company’s stock, valued at $2,013,023.65. This trade represents a 37.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have sold 19,800 shares of company stock valued at $1,765,184. 2.20% of the stock is owned by company insiders.

Donaldson Price Performance

Shares of Donaldson stock opened at $83.73 on Monday. The firm has a market cap of $9.70 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 2.11 and a beta of 0.99. Donaldson Company, Inc. has a 12-month low of $67.71 and a 12-month high of $112.84. The company has a quick ratio of 1.46, a current ratio of 2.29 and a debt-to-equity ratio of 0.43. The company’s fifty day simple moving average is $86.02 and its two-hundred day simple moving average is $91.95.

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

Analysts Set New Price Targets

DCI has been the topic of several recent research reports. Weiss Ratings lowered shares of Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. UBS Group set a $96.00 target price on shares of Donaldson in a report on Tuesday, February 24th. Wall Street Zen lowered shares of Donaldson from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Morgan Stanley reduced 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. Finally, Robert W. Baird reduced 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. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Donaldson has a consensus rating of “Hold” and an average price target 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.