Impax Asset Management Group plc Cuts Position in Donaldson Company, Inc. (NYSE:DCI)

Impax Asset Management Group plc lessened its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 704,553 shares of the industrial products company's stock after selling 13,310 shares during the quarter. Impax Asset Management Group plc owned 0.59% of Donaldson worth $51,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in shares of Donaldson by 23.4% in the third quarter. Van ECK Associates Corp now owns 126,211 shares of the industrial products company's stock worth $9,328,000 after buying an additional 23,927 shares in the last quarter. First Interstate Bank bought a new position in Donaldson in the 3rd quarter valued at approximately $354,000. Chicago Partners Investment Group LLC boosted its stake in Donaldson by 17.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,664 shares of the industrial products company's stock valued at $271,000 after purchasing an additional 553 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Donaldson by 511.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,780 shares of the industrial products company's stock worth $279,000 after purchasing an additional 3,162 shares in the last quarter. Finally, PineStone Asset Management Inc. raised its stake in shares of Donaldson by 9.4% in the third quarter. PineStone Asset Management Inc. now owns 197,061 shares of the industrial products company's stock worth $14,523,000 after purchasing an additional 17,000 shares during the last quarter. Institutional investors own 82.81% of the company's stock.

Donaldson Stock Performance

NYSE:DCI traded up $1.17 on Tuesday, hitting $75.54. The stock had a trading volume of 336,952 shares, compared to its average volume of 485,386. Donaldson Company, Inc. has a 52-week low of $58.56 and a 52-week high of $78.03. The stock has a market cap of $9.05 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 1.94 and a beta of 1.04. 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 business's 50-day simple moving average is $72.89 and its two-hundred day simple moving average is $72.95.

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. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The company had revenue of $935.40 million during the quarter, compared to analyst estimates of $941.12 million. As a group, research analysts predict that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Insider Buying and Selling

In other Donaldson 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 transaction of $373,765.40. Following the completion of the sale, the director now owns 17,788 shares of the company's stock, valued at approximately $1,276,111.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Scott J. Robinson sold 83,600 shares of the company's stock in a transaction on Friday, September 27th. The shares were sold at an average price of $74.04, for a total value of $6,189,744.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James Owens sold 5,210 shares of the firm's stock in a transaction dated Wednesday, September 18th. The shares were 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 167,805 shares of company stock valued at $12,310,222. 2.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. StockNews.com upgraded Donaldson from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 28th. Stifel Nicolaus decreased their price objective on shares of Donaldson from $76.00 to $71.00 and set a "hold" rating for the company in a report on Thursday, August 29th. One 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus 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.