US Bancorp DE Sells 16,530 Shares of Donaldson Company, Inc. (NYSE:DCI)

US Bancorp DE trimmed its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 5.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,413 shares of the industrial products company's stock after selling 16,530 shares during the period. US Bancorp DE owned approximately 0.23% of Donaldson worth $20,077,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DCI. UMB Bank n.a. grew its holdings 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 valued at $26,000 after buying an additional 273 shares during the last quarter. Versant Capital Management Inc boosted its stake in Donaldson by 1,372.2% during the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 494 shares during the last quarter. Mather Group LLC. increased its holdings in Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company's stock worth $38,000 after purchasing an additional 404 shares in the last quarter. V Square Quantitative Management LLC raised its stake 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 purchasing an additional 207 shares during the last quarter. Finally, Montag A & Associates Inc. purchased a new stake in shares of Donaldson in the first quarter worth approximately $52,000. 82.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports 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 shares of Donaldson from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Donaldson has a consensus rating of "Hold" and an average target price of $69.67.

Donaldson Stock Performance

Shares of DCI traded up $0.68 on Friday, reaching $73.84. 364,985 shares of the company's stock traded hands, compared to its average volume of 486,713. The stock's 50 day simple moving average is $72.90 and its two-hundred day simple moving average is $72.92. The stock has a market cap of $8.84 billion, a PE ratio of 21.85, a PEG ratio of 1.94 and a beta of 1.04. Donaldson Company, Inc. has a 52-week low of $58.31 and a 52-week high of $78.03. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI - Get Free Report) last announced its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. The firm had revenue of $935.40 million during the quarter, compared to analyst estimates of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. On average, analysts forecast that Donaldson Company, Inc. will post 3.63 earnings per share 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 that occurred 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 sale, the president now owns 28,334 shares in the company, valued at $2,072,915.44. This trade 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. In related news, Director James Owens sold 5,210 shares of the business's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction dated 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 167,805 shares of company stock valued at $12,310,222. Company insiders own 2.70% of the company's stock.

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.