Ballentine Partners LLC Invests $254,000 in Donaldson Company, Inc. (DCI)

Ballentine Partners LLC bought a new position in shares of Donaldson Company, Inc. (NYSE:DCI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,358 shares of the industrial products company’s stock, valued at approximately $254,000.

Several other large investors have also bought and sold shares of DCI. FMR LLC increased its position in shares of Donaldson by 101.2% during the second quarter. FMR LLC now owns 3,442,400 shares of the industrial products company’s stock worth $155,321,000 after acquiring an additional 1,731,506 shares in the last quarter. Vulcan Value Partners LLC bought a new stake in shares of Donaldson during the second quarter worth about $19,009,000. Janus Henderson Group PLC increased its position in shares of Donaldson by 9.2% during the second quarter. Janus Henderson Group PLC now owns 4,360,680 shares of the industrial products company’s stock worth $196,754,000 after acquiring an additional 368,578 shares in the last quarter. Artisan Partners Limited Partnership increased its position in shares of Donaldson by 10.3% during the second quarter. Artisan Partners Limited Partnership now owns 1,282,156 shares of the industrial products company’s stock worth $57,851,000 after acquiring an additional 119,548 shares in the last quarter. Finally, Quantum Capital Management LLC NJ increased its position in shares of Donaldson by 43.2% during the second quarter. Quantum Capital Management LLC NJ now owns 270,827 shares of the industrial products company’s stock worth $12,220,000 after acquiring an additional 81,754 shares in the last quarter. 80.77% of the stock is owned by institutional investors.

In other Donaldson news, VP Richard Brent Lewis sold 3,209 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $58.99, for a total value of $189,298.91. Following the completion of the sale, the vice president now directly owns 4,000 shares of the company’s stock, valued at approximately $235,960. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Willard D. Oberton sold 14,400 shares of the company’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $56.85, for a total transaction of $818,640.00. Following the completion of the sale, the director now directly owns 30,451 shares of the company’s stock, valued at $1,731,139.35. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.



Shares of DCI stock opened at $51.15 on Wednesday. Donaldson Company, Inc. has a 52-week low of $43.35 and a 52-week high of $59.43. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 1.87 and a beta of 1.18.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Thursday, September 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.58. Donaldson had a net margin of 6.59% and a return on equity of 31.09%. The business had revenue of $724.70 million during the quarter, compared to the consensus estimate of $727.79 million. During the same period in the prior year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities analysts expect that Donaldson Company, Inc. will post 2.37 EPS for the current year.

Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Oppenheimer reissued a “hold” rating on shares of Donaldson in a research report on Thursday, September 6th. Stifel Nicolaus reissued a “hold” rating and set a $54.00 target price (up from $46.00) on shares of Donaldson in a research report on Thursday, September 6th. Finally, ValuEngine raised shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $56.75.

About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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