Lecap Asset Management Ltd. Sells 8,909 Shares of Donaldson Company, Inc. (NYSE:DCI)

Lecap Asset Management Ltd. decreased its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 46.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,221 shares of the industrial products company's stock after selling 8,909 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Donaldson were worth $753,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DCI. UMB Bank n.a. raised its position in shares of Donaldson by 359.2% during the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company's stock worth $26,000 after purchasing an additional 273 shares during the period. Park Place Capital Corp acquired a new stake in Donaldson during the 1st quarter worth about $27,000. Mather Group LLC. lifted its stake in Donaldson by 408.1% during the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company's stock valued at $38,000 after buying an additional 404 shares in the last quarter. Versant Capital Management Inc boosted its holdings 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. Finally, V Square Quantitative Management LLC boosted its holdings 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.

Donaldson Stock Up 0.8 %

DCI traded up $0.59 on Friday, reaching $74.88. 529,565 shares of the company traded hands, compared to its average volume of 486,862. Donaldson Company, Inc. has a 52-week low of $57.05 and a 52-week high of $78.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. The company has a market cap of $9.02 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 1.92 and a beta of 1.04. The stock's 50 day moving average price is $72.82 and its 200-day moving average price is $72.91.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 EPS 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 business had revenue of $935.40 million for the quarter, compared to analysts' expectations of $941.12 million. On average, sell-side analysts expect that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, President Thomas R. Scalf sold 2,500 shares of the firm's stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total transaction of $182,900.00. Following the transaction, the president now owns 28,334 shares in the company, valued at approximately $2,072,915.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director James Owens sold 5,210 shares of the business's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total value of $373,765.40. Following the completion of the sale, the director now directly owns 17,788 shares in the company, valued at approximately $1,276,111.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas R. Scalf sold 2,500 shares of the firm's stock in a transaction on 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 owns 28,334 shares in the company, valued at $2,072,915.44. 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 ninety days. Corporate insiders own 2.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Raymond James started coverage on shares of Donaldson in a research report on Friday, June 28th. They issued a "market perform" rating for the company. StockNews.com upgraded Donaldson from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 28th. Finally, Stifel Nicolaus lowered their price target on Donaldson from $76.00 to $71.00 and set a "hold" rating on the stock in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Donaldson presently has a consensus rating of "Hold" and an average price target of $69.67.

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.