Gabelli Funds LLC Sells 13,500 Shares of Donaldson Company, Inc. $DCI

Gabelli Funds LLC trimmed its holdings in Donaldson Company, Inc. (NYSE:DCI) by 2.1% in the 4th quarter, Holdings Channel reports. The fund owned 642,650 shares of the industrial products company’s stock after selling 13,500 shares during the quarter. Gabelli Funds LLC’s holdings in Donaldson were worth $56,977,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new position in shares of Donaldson in the 4th quarter worth about $45,000. CENTRAL TRUST Co increased its stake in shares of Donaldson by 40.3% in the 3rd quarter. CENTRAL TRUST Co now owns 1,024 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 294 shares in the last quarter. Steph & Co. increased its stake in shares of Donaldson by 76.4% in the 4th quarter. Steph & Co. now owns 944 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 409 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of Donaldson by 200.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,251 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 834 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of Donaldson in the 3rd quarter worth about $109,000. 82.81% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director James Owens sold 13,753 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 22,565 shares of the company’s stock, valued at approximately $2,013,023.65. This trade represents a 37.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 19,800 shares of company stock valued at $1,765,184 over the last quarter. Company insiders own 2.20% of the company’s stock.

Donaldson Stock Down 0.1%

NYSE:DCI opened at $81.84 on Monday. The firm has a market cap of $9.48 billion, a P/E ratio of 25.58, a P/E/G ratio of 2.06 and a beta of 0.99. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 2.29. Donaldson Company, Inc. has a fifty-two week low of $67.71 and a fifty-two week high of $112.84. The firm has a 50-day simple moving average of $86.69 and a two-hundred day simple moving average of $91.99.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.83 EPS 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 company had revenue of $896.30 million during the quarter, compared to the consensus estimate of $898.64 million. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. Analysts predict that Donaldson Company, Inc. will post 3.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on DCI shares. Morgan Stanley decreased their price target on shares of Donaldson from $93.00 to $91.00 and set an “equal weight” rating for the company in a research note on Monday, March 9th. Weiss Ratings lowered shares of Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Jefferies Financial Group increased their price target on shares of Donaldson to $123.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Robert W. Baird reduced their price objective on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. Finally, Wall Street Zen lowered shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $100.20.

About Donaldson

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.