Donaldson Company, Inc. (NYSE:DCI) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp raised its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 23.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,211 shares of the industrial products company's stock after buying an additional 23,927 shares during the period. Van ECK Associates Corp owned about 0.10% of Donaldson worth $9,328,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado acquired a new stake in shares of Donaldson in the 1st quarter worth approximately $660,000. New York State Teachers Retirement System boosted its stake in Donaldson by 2.6% during the 2nd quarter. New York State Teachers Retirement System now owns 147,777 shares of the industrial products company's stock valued at $10,575,000 after purchasing an additional 3,792 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Donaldson by 21.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 110,437 shares of the industrial products company's stock worth $8,245,000 after purchasing an additional 19,670 shares during the period. SG Americas Securities LLC raised its position in Donaldson by 254.5% during the first quarter. SG Americas Securities LLC now owns 22,386 shares of the industrial products company's stock valued at $1,672,000 after buying an additional 16,071 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of Donaldson by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 33,697 shares of the industrial products company's stock valued at $2,411,000 after buying an additional 681 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Price Performance

Shares of DCI stock remained flat at $77.08 during trading hours on Thursday. The company's stock had a trading volume of 261,834 shares, compared to its average volume of 485,206. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. Donaldson Company, Inc. has a 52-week low of $58.75 and a 52-week high of $78.03. The firm has a market capitalization of $9.23 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 1.95 and a beta of 1.04. The company's fifty day moving average is $73.02 and its 200 day moving average is $73.00.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $941.12 million. Sell-side analysts predict that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, President Thomas R. Scalf sold 2,500 shares of the company's stock in a transaction dated Wednesday, October 9th. The shares were 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 document filed with the SEC, which is available at this hyperlink. In other Donaldson news, President Thomas R. Scalf sold 2,500 shares of the firm'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 directly owns 28,334 shares of the company's stock, valued at approximately $2,072,915.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Thomas R. Scalf sold 4,295 shares of the firm's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $73.33, for a total transaction 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 0.00 % 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 over the last three months. Corporate insiders own 2.70% of the company's stock.

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.