Donaldson Company, Inc. (DCI) Shares Bought by BTIM Corp.

BTIM Corp. raised its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 20.4% in the first quarter, HoldingsChannel.com reports. The fund owned 1,932,699 shares of the industrial products company’s stock after acquiring an additional 327,898 shares during the period. Donaldson accounts for approximately 1.3% of BTIM Corp.’s investment portfolio, making the stock its 13th largest holding. BTIM Corp.’s holdings in Donaldson were worth $96,751,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Highwater Wealth Management LLC bought a new stake in shares of Donaldson during the fourth quarter worth approximately $27,000. Riverview Trust Co bought a new stake in shares of Donaldson during the fourth quarter worth approximately $27,000. CX Institutional bought a new stake in shares of Donaldson during the first quarter worth approximately $32,000. Penserra Capital Management LLC bought a new stake in shares of Donaldson during the fourth quarter worth approximately $34,000. Finally, Enlightenment Research LLC bought a new stake in shares of Donaldson during the fourth quarter worth approximately $48,000. Institutional investors own 79.96% of the company’s stock.

In other news, Director Douglas A. Milroy acquired 560 shares of the stock in a transaction on Wednesday, March 13th. The stock was acquired at an average cost of $49.05 per share, for a total transaction of $27,468.00. Following the completion of the transaction, the director now directly owns 4,449 shares in the company, valued at $218,223.45. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Tod E. Carpenter sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $50.02, for a total transaction of $200,080.00. Following the transaction, the chairman now owns 102,037 shares of the company’s stock, valued at $5,103,890.74. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

A number of equities research analysts have recently issued reports on DCI shares. Zacks Investment Research upgraded Donaldson from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. ValuEngine cut Donaldson from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $52.00 price target on shares of Donaldson in a research note on Friday, December 21st. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Donaldson currently has an average rating of “Hold” and a consensus target price of $55.25.

Shares of DCI stock traded up $0.52 during trading on Tuesday, hitting $53.17. The company had a trading volume of 245,890 shares, compared to its average volume of 458,444. The company has a current ratio of 2.35, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. The stock has a market cap of $6.77 billion, a P/E ratio of 26.59, a price-to-earnings-growth ratio of 2.10 and a beta of 1.43. Donaldson Company, Inc. has a one year low of $40.27 and a one year high of $59.43.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Wednesday, March 6th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.04). The company had revenue of $703.70 million during the quarter, compared to the consensus estimate of $719.40 million. Donaldson had a net margin of 10.82% and a return on equity of 32.75%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 earnings per share. Analysts forecast that Donaldson Company, Inc. will post 2.33 EPS for the current year.

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Donaldson Company Profile

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.

See Also: Cost of Equity For A Business, Investors

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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