Assenagon Asset Management S.A. Raises Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Assenagon Asset Management S.A. raised its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 169.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 151,908 shares of the industrial products company's stock after buying an additional 95,473 shares during the period. Assenagon Asset Management S.A. owned about 0.13% of Donaldson worth $11,196,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. increased its position in shares of Donaldson by 29.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 5,180 shares of the industrial products company's stock worth $382,000 after purchasing an additional 1,170 shares in the last quarter. Romano Brothers AND Company grew its holdings in shares of Donaldson by 27.7% during the third quarter. Romano Brothers AND Company now owns 25,320 shares of the industrial products company's stock worth $1,866,000 after buying an additional 5,500 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Donaldson by 7.3% in the third quarter. Private Advisor Group LLC now owns 28,877 shares of the industrial products company's stock valued at $2,128,000 after buying an additional 1,974 shares during the last quarter. Eastern Bank purchased a new position in shares of Donaldson in the third quarter worth about $8,513,000. Finally, Jade Capital Advisors LLC acquired a new position in Donaldson during the third quarter worth about $737,000. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Trading Down 0.0 %

NYSE:DCI traded down $0.03 on Monday, hitting $74.85. The stock had a trading volume of 522,627 shares, compared to its average volume of 487,034. The company has a fifty day moving average price of $72.90 and a two-hundred day moving average price of $72.89. Donaldson Company, Inc. has a 1-year low of $57.05 and a 1-year high of $78.03. 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 cap of $9.01 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 1.92 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. The firm had revenue of $935.40 million for the quarter, compared to analysts' expectations of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. Equities research analysts expect that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Donaldson

In other news, CFO Scott J. Robinson sold 83,600 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the sale, the chief financial officer now owns 37,702 shares of the company's stock, valued at approximately $2,791,456.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Donaldson news, Director Willard D. Oberton sold 2,700 shares of the firm's stock in a transaction on Friday, October 4th. The stock was sold at an average price of $73.37, for a total value of $198,099.00. Following the sale, the director now directly owns 27,983 shares in the company, valued at $2,053,112.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Scott J. Robinson sold 83,600 shares of Donaldson stock in a transaction dated 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 sale, the chief financial officer now directly owns 37,702 shares of the company's stock, valued at $2,791,456.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 167,805 shares of company stock valued at $12,310,222 over the last 90 days. 2.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. StockNews.com upgraded shares of Donaldson from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 28th. Stifel Nicolaus reduced their price objective on Donaldson from $76.00 to $71.00 and set a "hold" rating on the stock in a research report on Thursday, August 29th. One investment 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 company. According to MarketBeat.com, Donaldson has an average 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.