Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 10.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 719,915 shares of the industrial products company's stock after selling 82,359 shares during the period. Principal Financial Group Inc. owned approximately 0.60% of Donaldson worth $53,057,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Radnor Capital Management LLC purchased a new stake in shares of Donaldson in the 3rd quarter valued at $4,238,000. Van ECK Associates Corp lifted its position in shares of Donaldson by 23.4% during the third quarter. Van ECK Associates Corp now owns 126,211 shares of the industrial products company's stock worth $9,328,000 after purchasing an additional 23,927 shares in the last quarter. First Interstate Bank acquired a new position in shares of Donaldson in the third quarter valued at approximately $354,000. Chicago Partners Investment Group LLC boosted its position in Donaldson by 17.8% in 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 buying an additional 553 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of Donaldson by 511.7% during the third quarter. Farther Finance Advisors LLC now owns 3,780 shares of the industrial products company's stock worth $279,000 after acquiring an additional 3,162 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DCI has been the subject of several analyst reports. Stifel Nicolaus lowered their target price on Donaldson from $76.00 to $71.00 and set a "hold" rating for the company in a research note on Thursday, August 29th. StockNews.com upgraded 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 assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $69.67.

Donaldson Stock Up 0.6 %

Shares of DCI traded up $0.48 during mid-day trading on Monday, reaching $78.03. The company's stock had a trading volume of 423,587 shares, compared to its average volume of 486,548. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. Donaldson Company, Inc. has a 12-month low of $58.75 and a 12-month high of $78.71. The stock has a market cap of $9.34 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 2.04 and a beta of 1.04. The company's 50 day moving average is $73.33 and its 200 day moving average is $73.12.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. The company had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. Equities analysts anticipate that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Insider Buying and Selling

In other news, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total value of $182,900.00. Following the completion of the sale, the president now directly owns 28,334 shares of the company's stock, valued at approximately $2,072,915.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, President Thomas R. Scalf sold 2,500 shares of the business's stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total value of $182,900.00. Following the transaction, the president now owns 28,334 shares in the company, valued at $2,072,915.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Thomas R. Scalf sold 4,295 shares of the company's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $73.33, for a total value of $314,952.35. Following the sale, the president now directly owns 30,834 shares of the company's stock, valued at approximately $2,261,057.22. This 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 worth $12,310,222 in the last quarter. 2.70% of the stock is owned by insiders.

About Donaldson

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.