MQS Management LLC Buys New Position in Donaldson Company, Inc. (NYSE:DCI)

MQS Management LLC acquired a new stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 13,321 shares of the industrial products company's stock, valued at approximately $982,000. Donaldson accounts for 0.5% of MQS Management LLC's holdings, making the stock its 17th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TD Asset Management Inc increased its holdings 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 worth $143,434,000 after purchasing an additional 367,705 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Donaldson during the 2nd quarter worth approximately $14,288,000. Epoch Investment Partners Inc. grew its stake 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 valued at $99,453,000 after purchasing an additional 190,024 shares during the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of Donaldson by 91.4% in the second quarter. Jupiter Asset Management Ltd. now owns 370,756 shares of the industrial products company's stock valued at $26,531,000 after purchasing an additional 177,078 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Donaldson by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company's stock worth $93,770,000 after purchasing an additional 153,342 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

Donaldson Trading Down 0.2 %

DCI traded down $0.15 during midday trading on Wednesday, hitting $77.40. The company's stock had a trading volume of 392,985 shares, compared to its average volume of 486,383. The firm has a market cap of $9.27 billion, a P/E ratio of 22.90, a PEG ratio of 2.04 and a beta of 1.04. Donaldson Company, Inc. has a 52-week low of $58.75 and a 52-week high of $78.71. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $73.46 and a two-hundred day moving average price of $73.16.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $941.12 million. On average, research analysts anticipate that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DCI shares. Stifel Nicolaus decreased their price target on Donaldson from $76.00 to $71.00 and set a "hold" rating for the company in a report on Thursday, August 29th. StockNews.com raised Donaldson from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $69.67.

Insider Activity

In related news, President Thomas R. Scalf sold 2,500 shares of the company's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total transaction of $182,900.00. Following the transaction, the president now directly owns 28,334 shares of the company's stock, valued at approximately $2,072,915.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Donaldson news, President Thomas R. Scalf sold 2,500 shares of the company's stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total value of $182,900.00. Following the transaction, the president now directly owns 28,334 shares of the company's stock, valued at $2,072,915.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Willard D. Oberton sold 2,700 shares of the company's stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $73.37, for a total value of $198,099.00. Following the completion of the transaction, the director now directly owns 27,983 shares in the company, valued at approximately $2,053,112.71. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 167,805 shares of company stock worth $12,310,222 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

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.