Amalgamated Bank Lowers Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Amalgamated Bank reduced its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 12.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 58,714 shares of the industrial products company's stock after selling 8,705 shares during the period. Amalgamated Bank's holdings in Donaldson were worth $4,327,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DCI. TD Asset Management Inc raised its position in Donaldson by 23.7% during the 1st quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company's stock valued at $143,434,000 after purchasing an additional 367,705 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Donaldson by 1.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company's stock worth $134,832,000 after acquiring an additional 32,964 shares in the last quarter. American Century Companies Inc. raised its position in shares of Donaldson by 4.7% in the 2nd quarter. American Century Companies Inc. now owns 1,691,903 shares of the industrial products company's stock worth $121,073,000 after acquiring an additional 75,733 shares in the last quarter. Epoch Investment Partners Inc. raised its position in shares of Donaldson by 16.6% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,331,717 shares of the industrial products company's stock worth $99,453,000 after acquiring an additional 190,024 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Donaldson by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company's stock worth $93,770,000 after acquiring an additional 153,342 shares in the last quarter. 82.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Donaldson

In other Donaldson news, Director James Owens sold 5,210 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total transaction of $373,765.40. Following the completion of the transaction, the director now owns 17,788 shares of the company's stock, valued at $1,276,111.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total value of $182,900.00. Following the completion of the transaction, the president now directly owns 28,334 shares in the company, valued at approximately $2,072,915.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James Owens sold 5,210 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the completion of the transaction, the director now owns 17,788 shares of the company's stock, valued at $1,276,111.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 167,805 shares of company stock valued at $12,310,222 over the last quarter. 2.70% of the stock is currently owned by insiders.

Donaldson Stock Performance

Shares of DCI traded up $0.57 during mid-day trading on Friday, reaching $77.55. The company had a trading volume of 502,086 shares, compared to its average volume of 485,140. Donaldson Company, Inc. has a 52-week low of $58.75 and a 52-week high of $78.05. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $9.29 billion, a P/E ratio of 22.94, a PEG ratio of 2.03 and a beta of 1.04. The stock has a 50 day moving average of $73.23 and a two-hundred day moving average of $73.07.

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

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.