UBS Group AG Has $56 Million Holdings in Donaldson Company, Inc. $DCI

UBS Group AG lessened its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 631,673 shares of the industrial products company’s stock after selling 24,827 shares during the quarter. UBS Group AG’s holdings in Donaldson were worth $56,004,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. State Street Corp boosted its position in shares of Donaldson by 0.7% during the 2nd quarter. State Street Corp now owns 5,221,808 shares of the industrial products company’s stock worth $362,132,000 after acquiring an additional 36,866 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 worth $163,218,000 after acquiring an additional 20,478 shares in the last quarter. Invesco Ltd. boosted its position in shares of Donaldson by 1.6% during the 3rd quarter. Invesco Ltd. now owns 1,334,676 shares of the industrial products company’s stock worth $109,243,000 after acquiring an additional 21,386 shares in the last quarter. Bank of New York Mellon Corp boosted 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 worth $105,040,000 after acquiring an additional 123,000 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Donaldson by 2.6% during the 3rd quarter. Northern Trust Corp now owns 1,187,944 shares of the industrial products company’s stock worth $97,233,000 after acquiring an additional 29,822 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Monday, March 9th. UBS Group set a $96.00 price objective on Donaldson in a research note on Tuesday, February 24th. Weiss Ratings lowered Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Wall Street Zen cut shares of Donaldson from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Jefferies Financial Group increased their target price on shares of Donaldson to $123.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $100.20.

Donaldson Stock Performance

Shares of Donaldson stock opened at $86.24 on Wednesday. Donaldson Company, Inc. has a fifty-two week low of $65.72 and a fifty-two week high of $112.84. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.29 and a quick ratio of 1.46. The firm has a market capitalization of $9.99 billion, a P/E ratio of 26.95, a P/E/G ratio of 2.14 and a beta of 0.99. The company’s 50 day moving average price is $88.81 and its two-hundred day moving average price is $91.88.

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

Insider Activity

In other news, Director James Owens sold 13,753 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total value of $1,226,905.13. Following the completion of the transaction, the director owned 22,565 shares of the company’s stock, valued at $2,013,023.65. This represents a 37.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 19,800 shares of company stock valued at $1,765,184 over the last three months. Corporate insiders own 2.20% of the company’s stock.

Donaldson Profile

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.