Mercer Global Advisors Inc. ADV Makes New $459,000 Investment in Donaldson Company, Inc. (NYSE:DCI)

Mercer Global Advisors Inc. ADV purchased a new stake in Donaldson Company, Inc. (NYSE:DCI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,818 shares of the industrial products company’s stock, valued at approximately $459,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after buying an additional 180 shares during the period. Johnson Financial Group Inc. increased its stake in shares of Donaldson by 48.8% in the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 195 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of Donaldson by 89.6% in the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 369 shares during the period. Quarry LP raised its position in shares of Donaldson by 162.7% in the 4th quarter. Quarry LP now owns 1,072 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 664 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Donaldson by 45.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 353 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on DCI shares. Stifel Nicolaus lowered their target price on shares of Donaldson from $70.00 to $63.00 and set a “hold” rating for the company in a research note on Monday, April 14th. StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $71.33.

Insider Activity at Donaldson

In other Donaldson news, Director James Owens sold 18,700 shares of the business’s stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the transaction, the director now owns 20,246 shares of the company’s stock, valued at $1,255,656.92. The trade was a 48.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Thomas R. Scalf sold 29,500 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $68.89, for a total value of $2,032,255.00. Following the sale, the president now owns 28,334 shares in the company, valued at approximately $1,951,929.26. This represents a 51.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 76,700 shares of company stock valued at $5,164,799. 2.70% of the stock is owned by insiders.

Donaldson Stock Performance

Shares of DCI stock opened at $70.34 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95. The company’s 50 day moving average price is $65.89 and its two-hundred day moving average price is $69.59. The company has a market capitalization of $8.41 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The company had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. On average, analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Profile

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.