Jensen Investment Management Inc. Grows Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Jensen Investment Management Inc. raised its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 18.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 67,040 shares of the industrial products company's stock after purchasing an additional 10,280 shares during the quarter. Jensen Investment Management Inc. owned approximately 0.06% of Donaldson worth $4,941,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Atria Investments Inc increased its position in shares of Donaldson by 7.1% during the third quarter. Atria Investments Inc now owns 9,301 shares of the industrial products company's stock worth $685,000 after buying an additional 620 shares during the period. Capital Performance Advisors LLP bought a new stake in Donaldson during the third quarter valued at $41,000. Consolidated Planning Corp acquired a new stake in Donaldson during the 3rd quarter worth about $351,000. Washington Trust Bank acquired a new stake in Donaldson during the 3rd quarter worth about $203,000. Finally, Radnor Capital Management LLC bought a new position in shares of Donaldson in the 3rd quarter worth about $4,238,000. Institutional investors own 82.81% of the company's stock.

Wall Street Analyst Weigh In

DCI has been the topic of several research analyst reports. 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 Donaldson from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 28th. One investment analyst has rated the stock with a sell rating, two have assigned 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.com, the stock has an average rating of "Hold" and an average price target of $69.67.

Donaldson Stock Up 0.7 %

Shares of DCI traded up $0.57 during trading hours on Friday, hitting $77.55. The stock had a trading volume of 502,086 shares, compared to its average volume of 485,140. Donaldson Company, Inc. has a 1-year low of $58.75 and a 1-year high of $78.05. The firm has a market capitalization of $9.29 billion, a P/E ratio of 22.94, a price-to-earnings-growth ratio of 2.03 and a beta of 1.04. The firm has a 50 day simple moving average of $73.23 and a 200-day simple moving average of $73.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23.

Donaldson (NYSE:DCI - Get Free Report) last announced 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 return on equity of 29.47% and a net margin of 11.54%. The firm had revenue of $935.40 million during the quarter, compared to analysts' expectations of $941.12 million. Sell-side analysts predict that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Insider Buying and Selling at Donaldson

In other news, insider Amy C. Becker sold 14,500 shares of Donaldson stock in a transaction dated 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 transaction, the insider now directly owns 41,368 shares in the company, valued at $3,015,313.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Scott J. Robinson sold 83,600 shares of the company's stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.04, for a total value of $6,189,744.00. Following the completion of the transaction, the chief financial officer now directly owns 37,702 shares of the company's stock, valued at $2,791,456.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Amy C. Becker sold 14,500 shares of the business's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $72.89, for a total transaction of $1,056,905.00. Following the completion of the transaction, the insider now directly owns 41,368 shares in the company, valued at $3,015,313.52. This trade 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 owned by corporate insiders.

Donaldson Company 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.