Vest Financial LLC Lowers Stake in Donaldson Company, Inc. $DCI

Vest Financial LLC lowered its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 24.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,190 shares of the industrial products company’s stock after selling 12,930 shares during the period. Vest Financial LLC’s holdings in Donaldson were worth $3,563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of DCI. JPMorgan Chase & Co. lifted its holdings in shares of Donaldson by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 490,001 shares of the industrial products company’s stock valued at $40,108,000 after purchasing an additional 25,156 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Donaldson by 10.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,283,326 shares of the industrial products company’s stock valued at $105,040,000 after acquiring an additional 123,000 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Donaldson by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,994,211 shares of the industrial products company’s stock valued at $163,218,000 after acquiring an additional 20,478 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Donaldson during the 3rd quarter valued at about $3,068,000. Finally, First National Bank of Omaha acquired a new stake in shares of Donaldson during the 3rd quarter valued at about $483,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Buying and Selling at Donaldson

In related news, Director James Owens sold 13,753 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $89.21, for a total value of $1,226,905.13. Following the completion of the sale, the director owned 22,565 shares in the company, valued at $2,013,023.65. This trade represents a 37.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 19,800 shares of company stock worth $1,765,184 in the last three months. 2.20% of the stock is currently owned by corporate insiders.

Donaldson Stock Down 1.1%

Donaldson stock opened at $86.91 on Thursday. Donaldson Company, Inc. has a twelve month low of $64.25 and a twelve month high of $112.84. The stock’s fifty day simple moving average is $89.62 and its 200-day simple moving average is $91.73. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $10.06 billion, a P/E ratio of 27.16, a P/E/G ratio of 2.26 and a beta of 1.05.

Donaldson (NYSE:DCI) last posted its earnings results on Wednesday, February 25th. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.07). Donaldson had a net margin of 10.09% and a return on equity of 29.85%. The business had revenue of $896.30 million during the quarter, compared to analysts’ expectations of $898.64 million. During the same period last year, the company earned $0.83 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts expect that Donaldson Company, Inc. will post 3.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Jefferies Financial Group raised their target price on Donaldson to $123.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Weiss Ratings downgraded Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Morgan Stanley lowered their target price on Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a report on Monday, March 9th. UBS Group set a $96.00 target price on Donaldson in a report on Tuesday, February 24th. Finally, Robert W. Baird lowered their target price on Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $100.20.

About Donaldson

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.