PineStone Asset Management Inc. Buys 17,000 Shares of Donaldson Company, Inc. (NYSE:DCI)

PineStone Asset Management Inc. raised its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 9.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 197,061 shares of the industrial products company's stock after acquiring an additional 17,000 shares during the period. PineStone Asset Management Inc. owned about 0.16% of Donaldson worth $14,523,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado acquired a new stake in shares of Donaldson during the 1st quarter worth about $660,000. New York State Teachers Retirement System increased its holdings in shares of Donaldson by 2.6% during the second quarter. New York State Teachers Retirement System now owns 147,777 shares of the industrial products company's stock worth $10,575,000 after buying an additional 3,792 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Donaldson by 21.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 110,437 shares of the industrial products company's stock valued at $8,245,000 after acquiring an additional 19,670 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Donaldson by 254.5% in the 1st quarter. SG Americas Securities LLC now owns 22,386 shares of the industrial products company's stock worth $1,672,000 after acquiring an additional 16,071 shares in the last quarter. Finally, Norden Group LLC bought a new stake in Donaldson during the 1st quarter worth approximately $933,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Donaldson news, Director Willard D. Oberton sold 2,700 shares of the company's stock in a transaction on Friday, October 4th. The shares were sold at an average price of $73.37, for a total transaction of $198,099.00. Following the completion of the sale, the director now owns 27,983 shares in the company, valued at approximately $2,053,112.71. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Willard D. Oberton sold 2,700 shares of the business's stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $73.37, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Scott J. Robinson sold 83,600 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now owns 37,702 shares in the company, valued at $2,791,456.08. This represents 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 valued at $12,310,222 over the last ninety days. Insiders own 2.70% of the company's stock.

Donaldson Trading Up 0.9 %

Shares of NYSE DCI traded up $0.68 during midday trading on Friday, hitting $73.84. The stock had a trading volume of 364,985 shares, compared to its average volume of 486,713. The firm has a market cap of $8.84 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 1.94 and a beta of 1.04. Donaldson Company, Inc. has a fifty-two week low of $58.31 and a fifty-two 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's 50-day simple moving average is $72.92 and its 200 day simple moving average is $72.91.

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, 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 analyst estimates of $941.12 million. Research analysts anticipate that Donaldson Company, Inc. will post 3.63 EPS for the current year.

Analyst Upgrades and Downgrades

DCI has been the subject of several research analyst reports. StockNews.com upgraded Donaldson from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 28th. Stifel Nicolaus reduced their price target on shares of Donaldson from $76.00 to $71.00 and set a "hold" rating on the stock in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Donaldson currently has an average rating of "Hold" and a consensus 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.