BlackRock Inc. Sells 413,744 Shares of Donaldson Company, Inc. (NYSE:DCI)

BlackRock Inc. cut its stake in Donaldson Company, Inc. (NYSE:DCI) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,479,265 shares of the industrial products company’s stock after selling 413,744 shares during the period. BlackRock Inc. owned approximately 8.29% of Donaldson worth $486,447,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Donaldson by 1.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,131,405 shares of the industrial products company’s stock valued at $99,154,000 after purchasing an additional 39,812 shares during the period. Boston Trust Walden Corp boosted its holdings in Donaldson by 1.4% in the 3rd quarter. Boston Trust Walden Corp now owns 2,126,327 shares of the industrial products company’s stock valued at $98,704,000 after purchasing an additional 28,499 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Donaldson by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,746,227 shares of the industrial products company’s stock worth $81,235,000 after acquiring an additional 59,631 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Donaldson by 10.4% during the 3rd quarter. Wells Fargo & Company MN now owns 649,571 shares of the industrial products company’s stock worth $30,153,000 after acquiring an additional 60,943 shares during the period. Finally, Anchor Capital Advisors LLC boosted its position in shares of Donaldson by 4.9% during the 2nd quarter. Anchor Capital Advisors LLC now owns 602,497 shares of the industrial products company’s stock valued at $28,028,000 after acquiring an additional 28,263 shares in the last quarter. 73.21% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on DCI. TheStreet raised Donaldson from a “c+” rating to a “b-” rating in a report on Monday, August 10th. Oppenheimer reiterated a “hold” rating on shares of Donaldson in a research note on Friday, October 9th. Finally, Robert W. Baird upgraded Donaldson from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $54.00 to $56.00 in a research note on Friday, October 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $49.80.

NYSE DCI opened at $54.25 on Friday. The firm has a market cap of $6.86 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 2.56 and a beta of 1.38. Donaldson Company, Inc. has a one year low of $31.08 and a one year high of $58.32. The stock’s 50 day simple moving average is $50.75 and its 200 day simple moving average is $48.30. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.70 and a quick ratio of 1.90.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, September 3rd. The industrial products company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.06. The business had revenue of $617.40 million for the quarter, compared to analyst estimates of $610.66 million. Donaldson had a return on equity of 27.09% and a net margin of 9.95%. Donaldson’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 EPS. As a group, equities analysts expect that Donaldson Company, Inc. will post 2.02 earnings per share for the current year.

In related news, Director Ajita G. Rajendra sold 8,861 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $47.97, for a total transaction of $425,062.17. Following the sale, the director now directly owns 38,387 shares in the company, valued at approximately $1,841,424.39. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.18% of the stock is owned by corporate insiders.

Donaldson Company Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through two segments, Engine Products and Industrial Products. 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, 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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