Radnor Capital Management LLC Purchases New Position in Donaldson Company, Inc. (NYSE:DCI)

Radnor Capital Management LLC purchased a new position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 57,505 shares of the industrial products company's stock, valued at approximately $4,238,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DCI. TD Asset Management Inc grew its stake in shares of Donaldson by 23.7% during the first quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company's stock worth $143,434,000 after purchasing an additional 367,705 shares during the period. Heartland Advisors Inc. acquired a new position in Donaldson during the first quarter valued at approximately $17,016,000. Los Angeles Capital Management LLC bought a new stake in Donaldson in the second quarter valued at approximately $14,288,000. Epoch Investment Partners Inc. raised its holdings in Donaldson by 16.6% in the first quarter. Epoch Investment Partners Inc. now owns 1,331,717 shares of the industrial products company's stock worth $99,453,000 after purchasing an additional 190,024 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its position in shares of Donaldson by 91.4% during the second quarter. Jupiter Asset Management Ltd. now owns 370,756 shares of the industrial products company's stock worth $26,531,000 after purchasing an additional 177,078 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Insiders Place Their Bets

In related news, insider Amy C. Becker sold 14,500 shares of Donaldson stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $72.89, for a total value of $1,056,905.00. Following the sale, the insider now owns 41,368 shares of the company's stock, valued at approximately $3,015,313.52. The trade was 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 the SEC website. In related news, Director James Owens sold 5,210 shares of Donaldson 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 transaction, the director now owns 17,788 shares in the company, valued at approximately $1,276,111.12. This trade represents 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 this hyperlink. Also, 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 value of $1,056,905.00. Following the completion of the sale, the insider now directly owns 41,368 shares of the company's stock, valued at approximately $3,015,313.52. The trade was 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 valued at $12,310,222 in the last three months. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DCI has been the topic of several recent analyst reports. Stifel Nicolaus reduced their target price on Donaldson from $76.00 to $71.00 and set a "hold" rating on the stock in a report on Thursday, August 29th. StockNews.com upgraded Donaldson from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $69.67.

Donaldson Stock Up 2.1 %

Shares of Donaldson stock traded up $1.57 during trading on Wednesday, reaching $77.08. The stock had a trading volume of 615,268 shares, compared to its average volume of 485,990. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $9.23 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 1.94 and a beta of 1.04. Donaldson Company, Inc. has a 52 week low of $58.56 and a 52 week high of $78.03. The stock has a fifty day moving average price of $72.92 and a two-hundred day moving average price of $72.97.

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

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.