Curi RMB Capital LLC Increases Stake in Donaldson Company, Inc. (NYSE:DCI)

Curi RMB Capital LLC lifted its position in Donaldson Company, Inc. (NYSE:DCI) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,383 shares of the industrial products company’s stock after purchasing an additional 285 shares during the period. Curi RMB Capital LLC’s holdings in Donaldson were worth $839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. grew its stake in Donaldson by 359.2% during the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 273 shares in the last quarter. Versant Capital Management Inc grew its stake 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 valued at $38,000 after acquiring an additional 494 shares in the last quarter. Mather Group LLC. grew its stake in Donaldson by 408.1% during the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 404 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Donaldson during the third quarter valued at $41,000. Finally, V Square Quantitative Management LLC lifted its position in Donaldson by 52.0% during the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 207 shares during the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Donaldson

In other Donaldson news, Director Willard D. Oberton sold 2,700 shares of Donaldson stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $73.37, for a total transaction of $198,099.00. Following the completion of the sale, the director now directly owns 27,983 shares in the company, valued at approximately $2,053,112.71. The trade was a 8.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Tod E. Carpenter sold 30,919 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $72.69, for a total transaction of $2,247,502.11. Following the completion of the transaction, the chief executive officer now owns 256,742 shares of the company’s stock, valued at approximately $18,662,575.98. This represents a 10.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 167,805 shares of company stock valued at $12,310,222 in the last 90 days. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

DCI has been the subject of several analyst reports. Stifel Nicolaus lowered their target price on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $69.67.

Donaldson Trading Down 0.6 %

Shares of DCI opened at $76.40 on Friday. Donaldson Company, Inc. has a 1-year low of $58.75 and a 1-year high of $78.71. The company has a 50-day moving average of $73.86 and a 200 day moving average of $73.24. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 2.03 and a beta of 1.04. 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 (NYSE:DCI) last posted its earnings results 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. The business had revenue of $935.40 million for the quarter, compared to the consensus estimate of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. On average, research analysts expect that Donaldson Company, Inc. will post 3.63 EPS for the current year.

Donaldson Profile

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.