Donaldson Company, Inc. (NYSE:DCI) Shares Purchased by Quest Partners LLC

Quest Partners LLC increased its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 33.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,668 shares of the industrial products company's stock after purchasing an additional 9,972 shares during the quarter. Quest Partners LLC's holdings in Donaldson were worth $2,924,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in shares of Donaldson by 359.2% during the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company's stock worth $26,000 after buying an additional 273 shares during the last quarter. Versant Capital Management Inc raised its position in Donaldson by 1,372.2% during the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company's stock worth $38,000 after acquiring an additional 494 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of 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 purchasing an additional 404 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Donaldson in the third quarter valued at approximately $41,000. Finally, V Square Quantitative Management LLC increased its stake in shares of Donaldson by 52.0% during the 3rd 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 in the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus reduced their target price on Donaldson from $76.00 to $71.00 and set a "hold" rating on the stock in a research note on Thursday, August 29th. StockNews.com upgraded Donaldson from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $69.67.

Donaldson Trading Down 0.4 %

NYSE DCI traded down $0.34 during mid-day trading on Monday, reaching $76.06. 446,512 shares of the stock were exchanged, compared to its average volume of 485,235. The stock has a market capitalization of $9.11 billion, a PE ratio of 22.50, a PEG ratio of 2.01 and a beta of 1.04. 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 Company, Inc. has a 1-year low of $58.75 and a 1-year high of $78.71. The business's fifty day simple moving average is $73.98 and its 200 day simple moving average is $73.27.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts anticipate that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

Insider Activity

In related news, President Thomas R. Scalf sold 4,295 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $73.33, for a total value of $314,952.35. Following the transaction, the president now directly owns 30,834 shares of the company's stock, valued at approximately $2,261,057.22. This trade represents a 12.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Willard D. Oberton sold 2,700 shares of the business's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $73.37, for a total value of $198,099.00. Following the sale, the director now directly owns 27,983 shares of the company's stock, valued at approximately $2,053,112.71. This trade represents a 8.80 % decrease in their position. 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 in the last 90 days. 2.70% of the stock is currently 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.