ING Groep NV Buys New Holdings in Donaldson Company, Inc. (NYSE:DCI)

ING Groep NV bought a new stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,500 shares of the industrial products company's stock, valued at approximately $1,142,000.

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. increased its position in shares of Donaldson by 359.2% during the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 273 shares during the period. Versant Capital Management Inc boosted its position in shares of Donaldson by 1,372.2% in the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company's stock worth $38,000 after buying an additional 494 shares during the period. Mather Group LLC. boosted its position in shares of Donaldson by 408.1% in the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company's stock worth $38,000 after buying an additional 404 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Donaldson in the third quarter worth $41,000. Finally, V Square Quantitative Management LLC boosted its position in shares of Donaldson by 52.0% in the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company's stock worth $45,000 after buying an additional 207 shares during the period. Institutional investors own 82.81% of the company's stock.

Insiders Place Their Bets

In other news, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total transaction of $182,900.00. Following the completion of the transaction, the president now directly owns 28,334 shares in the company, valued at $2,072,915.44. This represents a 8.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Scott J. Robinson sold 83,600 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the transaction, the chief financial officer now owns 37,702 shares of the company's stock, valued at approximately $2,791,456.08. This represents a 68.92 % 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. Corporate insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DCI shares. Stifel Nicolaus reduced their price objective 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 raised Donaldson from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $69.67.

Donaldson Trading Down 0.3 %

NYSE:DCI traded down $0.21 during trading hours on Monday, hitting $76.19. 151,526 shares of the stock were exchanged, compared to its average volume of 483,989. The company's 50 day moving average is $73.86 and its two-hundred day moving average is $73.25. Donaldson Company, Inc. has a twelve month low of $58.75 and a twelve month high of $78.71. 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 company has a market capitalization of $9.12 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 2.01 and a beta of 1.04.

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

Donaldson Profile

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.