GAMMA Investing LLC Purchases Shares of 855 Donaldson Company, Inc. (NYSE:DCI)

GAMMA Investing LLC acquired a new stake in Donaldson Company, Inc. (NYSE:DCI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 855 shares of the industrial products company’s stock, valued at approximately $55,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gotham Asset Management LLC lifted its stake in Donaldson by 47.9% in the third quarter. Gotham Asset Management LLC now owns 100,154 shares of the industrial products company’s stock valued at $5,973,000 after buying an additional 32,431 shares during the period. Boston Trust Walden Corp increased its stake in shares of Donaldson by 1.5% in the 4th quarter. Boston Trust Walden Corp now owns 2,816,300 shares of the industrial products company’s stock valued at $184,045,000 after acquiring an additional 42,365 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Donaldson by 49.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 83,300 shares of the industrial products company’s stock valued at $4,968,000 after acquiring an additional 27,633 shares during the period. Cambridge Trust Co. boosted its stake in Donaldson by 36.1% during the third quarter. Cambridge Trust Co. now owns 96,457 shares of the industrial products company’s stock worth $5,753,000 after acquiring an additional 25,592 shares in the last quarter. Finally, New York Life Investment Management LLC increased its stake in Donaldson by 111.4% in the third quarter. New York Life Investment Management LLC now owns 12,862 shares of the industrial products company’s stock valued at $767,000 after purchasing an additional 6,778 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Donaldson Trading Up 0.3 %

DCI opened at $72.45 on Thursday. Donaldson Company, Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $75.44. The firm has a market capitalization of $8.72 billion, a PE ratio of 23.60, a P/E/G ratio of 2.12 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.47 and a quick ratio of 0.99. The company’s 50-day moving average is $72.51 and its 200 day moving average is $66.13.

Donaldson (NYSE:DCI) last posted its earnings results on Wednesday, February 28th. The industrial products company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. Donaldson had a return on equity of 28.52% and a net margin of 10.82%. The company had revenue of $876.70 million for the quarter, compared to analyst estimates of $874.34 million. During the same quarter last year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, research analysts predict that Donaldson Company, Inc. will post 3.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DCI has been the subject of several research reports. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th. Morgan Stanley initiated coverage on Donaldson in a research note on Monday, January 8th. They issued an “underweight” rating and a $59.00 price objective for the company. Finally, Robert W. Baird upped their target price on Donaldson from $76.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $67.50.

Insiders Place Their Bets

In other news, President Thomas R. Scalf sold 3,027 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $73.09, for a total value of $221,243.43. Following the completion of the sale, the president now owns 34,334 shares in the company, valued at $2,509,472.06. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Willard D. Oberton sold 4,500 shares of Donaldson stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $73.54, for a total transaction of $330,930.00. Following the sale, the director now directly owns 27,685 shares in the company, valued at $2,035,954.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas R. Scalf sold 3,027 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $73.09, for a total value of $221,243.43. Following the completion of the transaction, the president now owns 34,334 shares of the company’s stock, valued at approximately $2,509,472.06. The disclosure for this sale can be found here. Insiders have sold 79,407 shares of company stock valued at $5,817,942 in the last three months. 2.58% of the stock is currently owned by insiders.

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.