Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Donaldson Company, Inc. (NYSE:DCI) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,604 shares of the industrial products company’s stock after acquiring an additional 1,202 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Donaldson were worth $1,673,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DCI. Ronald Blue Trust Inc. increased its stake in shares of Donaldson by 792.2% during the 3rd quarter. Ronald Blue Trust Inc. now owns 455 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 404 shares in the last quarter. IFP Advisors Inc increased its position in Donaldson by 131.0% during the third quarter. IFP Advisors Inc now owns 1,594 shares of the industrial products company’s stock worth $95,000 after buying an additional 904 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Donaldson by 261.6% in the third quarter. SG Americas Securities LLC now owns 32,358 shares of the industrial products company’s stock worth $1,930,000 after acquiring an additional 23,410 shares during the last quarter. Impact Partnership Wealth LLC purchased a new stake in shares of Donaldson in the third quarter valued at $119,000. Finally, GHP Investment Advisors Inc. boosted its stake in shares of Donaldson by 9.8% during the third quarter. GHP Investment Advisors Inc. now owns 31,829 shares of the industrial products company’s stock valued at $1,927,000 after acquiring an additional 2,843 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley initiated coverage on shares of Donaldson in a research note on Monday, January 8th. They set an “underweight” rating and a $59.00 price target on the stock. Robert W. Baird lifted their target price on shares of Donaldson from $76.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Finally, StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Donaldson presently has a consensus rating of “Hold” and an average target price of $67.50.

Donaldson Stock Up 0.1 %

Shares of DCI opened at $72.49 on Thursday. The firm has a market cap of $8.72 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10. The company has a quick ratio of 0.99, a current ratio of 1.47 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average is $72.03 and its two-hundred day moving average is $65.77. Donaldson Company, Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $75.44.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The firm had revenue of $876.70 million during the quarter, compared to the consensus estimate of $874.34 million. Donaldson had a return on equity of 28.52% and a net margin of 10.82%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share. Analysts forecast that Donaldson Company, Inc. will post 3.28 earnings per share for the current year.

Insider Activity at Donaldson

In other news, Director Willard D. Oberton sold 4,500 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total value of $330,930.00. Following the completion of the sale, the director now owns 27,685 shares of the company’s stock, valued at $2,035,954.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Donaldson news, President Thomas R. Scalf sold 7,680 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $71.09, for a total value of $545,971.20. Following the completion of the transaction, the president now owns 34,334 shares in the company, valued at approximately $2,440,804.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Willard D. Oberton sold 4,500 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total transaction of $330,930.00. Following the completion of the sale, the director now directly owns 27,685 shares of the company’s stock, valued at approximately $2,035,954.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,407 shares of company stock worth $5,817,942. Company insiders own 2.58% of the company’s stock.

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.