Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board trimmed its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 52.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,684 shares of the industrial products company's stock after selling 36,898 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Donaldson were worth $2,483,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. UMB Bank n.a. increased its position in 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 last quarter. Versant Capital Management Inc raised its position in shares of 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 buying an additional 494 shares during the period. Mather Group LLC. lifted its holdings in Donaldson by 408.1% in the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 404 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Donaldson in the third quarter worth approximately $41,000. Finally, V Square Quantitative Management LLC increased its stake in Donaldson by 52.0% during the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company's stock worth $45,000 after acquiring an additional 207 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Performance

DCI traded down $0.08 during trading on Wednesday, reaching $75.19. The company's stock had a trading volume of 461,419 shares, compared to its average volume of 484,906. The company has a market capitalization of $9.00 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 2.01 and a beta of 1.04. The company's fifty day moving average price is $74.08 and its 200-day moving average price is $73.28. Donaldson Company, Inc. has a 52-week low of $58.75 and a 52-week high of $78.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.06. The business 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%. On average, equities analysts forecast that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Amy C. Becker sold 14,500 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $72.89, for a total transaction of $1,056,905.00. Following the completion of the sale, the insider now owns 41,368 shares of the company's stock, valued at approximately $3,015,313.52. This trade represents a 25.95 % decrease in their ownership of the stock. The transaction 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 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 directly owns 28,334 shares in the company, valued at $2,072,915.44. The trade was a 8.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 167,805 shares of company stock valued at $12,310,222. Insiders own 2.70% of the company's stock.

Analyst Ratings Changes

DCI has been the topic of several research analyst reports. Stifel Nicolaus reduced their price objective on shares of Donaldson from $76.00 to $71.00 and set a "hold" rating on the stock in a report on Thursday, August 29th. StockNews.com raised shares of Donaldson from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 28th. One equities research 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's stock. Based on data from MarketBeat, Donaldson currently has an average rating of "Hold" and an average target price 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.