PineStone Asset Management Inc. Has $14.52 Million Stake in Donaldson Company, Inc. (NYSE:DCI)

by · The Cerbat Gem

PineStone Asset Management Inc. increased its position in shares of Donaldson Company, Inc. (NYSE:DCI – Free Report) by 9.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 197,061 shares of the industrial products company’s stock after acquiring an additional 17,000 shares during the period. PineStone Asset Management Inc. owned about 0.16% of Donaldson worth $14,523,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wealthspire Advisors LLC lifted its stake in shares of Donaldson by 2.8% in the first quarter. Wealthspire Advisors LLC now owns 5,106 shares of the industrial products company’s stock worth $381,000 after acquiring an additional 140 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Donaldson by 1.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,364 shares of the industrial products company’s stock valued at $813,000 after purchasing an additional 146 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Donaldson by 31.6% during the first quarter. EverSource Wealth Advisors LLC now owns 766 shares of the industrial products company’s stock worth $55,000 after buying an additional 184 shares during the period. Oak Family Advisors LLC lifted its holdings in Donaldson by 4.3% in the second quarter. Oak Family Advisors LLC now owns 4,742 shares of the industrial products company’s stock valued at $339,000 after buying an additional 197 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in Donaldson by 52.0% during the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 207 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Stock Down 0.8 %

DCI stock opened at $73.13 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84. Donaldson Company, Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $78.03. The stock’s 50 day simple moving average is $72.92 and its 200 day simple moving average is $72.91. The company has a market cap of $8.76 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 1.94 and a beta of 1.04.

Donaldson (NYSE:DCI – Get Free Report) last posted its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The company had revenue of $935.40 million during the quarter, compared to analyst estimates of $941.12 million. On average, research analysts expect that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DCI shares. Stifel Nicolaus cut their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $69.67.

Get Our Latest Stock Report on Donaldson

Insider Activity

In other news, insider Amy C. Becker sold 14,500 shares of Donaldson stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $72.89, for a total transaction of $1,056,905.00. Following the completion of the sale, the insider now directly owns 41,368 shares of the company’s stock, valued at approximately $3,015,313.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Amy C. Becker sold 14,500 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $72.89, for a total value of $1,056,905.00. Following the sale, the insider now directly owns 41,368 shares of the company’s stock, valued at $3,015,313.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Willard D. Oberton sold 2,700 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $73.37, for a total transaction of $198,099.00. Following the sale, the director now owns 27,983 shares of the company’s stock, valued at approximately $2,053,112.71. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 167,805 shares of company stock worth $12,310,222. 2.70% of the stock is currently owned by insiders.

Donaldson Company Profile

(Free Report)

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.

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