Donaldson Company, Inc. (NYSE:DCI) Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC lowered its holdings in Donaldson Company, Inc. (NYSE:DCIFree Report) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 185,976 shares of the industrial products company’s stock after selling 8,505 shares during the quarter. GW&K Investment Management LLC owned 0.15% of Donaldson worth $12,154,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Fortitude Family Office LLC purchased a new stake in Donaldson during the fourth quarter worth $27,000. Catalyst Capital Advisors LLC purchased a new stake in Donaldson during the third quarter worth $27,000. Lindbrook Capital LLC boosted its holdings in Donaldson by 58.2% during the fourth quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock worth $31,000 after buying an additional 174 shares in the last quarter. Blue Trust Inc. boosted its holdings in Donaldson by 65.5% during the fourth quarter. Blue Trust Inc. now owns 753 shares of the industrial products company’s stock worth $45,000 after buying an additional 298 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Donaldson by 28.2% during the third quarter. Signaturefd LLC now owns 783 shares of the industrial products company’s stock worth $47,000 after buying an additional 172 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Insider Activity

In other news, President Thomas R. Scalf sold 7,680 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $71.09, for a total value of $545,971.20. Following the completion of the sale, the president now directly owns 34,334 shares in the company, valued at $2,440,804.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Willard D. Oberton sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total transaction of $330,930.00. Following the completion of the sale, the director now directly owns 27,685 shares in the company, valued at $2,035,954.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Thomas R. Scalf sold 7,680 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $71.09, for a total transaction of $545,971.20. Following the sale, the president now owns 34,334 shares of the company’s stock, valued at $2,440,804.06. The disclosure for this sale can be found here. Insiders sold 79,407 shares of company stock worth $5,817,942 over the last three months. Insiders own 2.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DCI shares. Robert W. Baird increased their price target on shares of Donaldson from $76.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $67.50.

Check Out Our Latest Research Report on Donaldson

Donaldson Stock Performance

DCI opened at $74.94 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.47 and a debt-to-equity ratio of 0.26. The company has a market cap of $9.02 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 2.18 and a beta of 1.09. Donaldson Company, Inc. has a 52-week low of $57.05 and a 52-week high of $75.98. The firm’s fifty day simple moving average is $73.79 and its two-hundred day simple moving average is $67.85.

Donaldson (NYSE:DCIGet Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. The business had revenue of $876.70 million for the quarter, compared to the consensus estimate of $874.34 million. Donaldson had a net margin of 10.82% and a return on equity of 28.52%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $0.75 earnings per share. Equities analysts anticipate that Donaldson Company, Inc. will post 3.28 earnings per share for the current fiscal year.

Donaldson Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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