Pictet Asset Management Holding SA Sells 28,023 Shares of Donaldson Company, Inc. $DCI

Pictet Asset Management Holding SA lowered its holdings in Donaldson Company, Inc. (NYSE:DCI) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,277,700 shares of the industrial products company’s stock after selling 28,023 shares during the period. Pictet Asset Management Holding SA’s holdings in Donaldson were worth $198,254,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Nebraska Trust Co bought a new stake in shares of Donaldson during the 2nd quarter worth $7,299,000. Bank of America Corp DE purchased a new position in shares of Donaldson in the 2nd quarter worth about $46,685,000. BlackRock Inc. purchased a new position in shares of Donaldson in the 2nd quarter worth about $1,072,012,000. Engineers Gate Manager LP bought a new position in Donaldson during the second quarter valued at about $1,282,000. Finally, Hsbc Holdings PLC bought a new position in Donaldson during the second quarter valued at about $6,310,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DCI. Weiss Ratings upgraded shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Robert W. Baird boosted their target price on shares of Donaldson from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Stifel Nicolaus set a $95.00 target price on shares of Donaldson in a research report on Friday, August 28th. Morgan Stanley raised their price target on shares of Donaldson from $91.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 29th. Finally, Wall Street Zen lowered shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Saturday, September 19th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $101.67.

Donaldson Stock Performance

Shares of DCI opened at $84.33 on Monday. The firm has a market cap of $9.77 billion, a PE ratio of 21.90, a PEG ratio of 1.95 and a beta of 0.88. The stock’s fifty day moving average price is $87.36 and its two-hundred day moving average price is $90.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.08 and a quick ratio of 1.41. Donaldson Company, Inc. has a 1 year low of $79.61 and a 1 year high of $112.84.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Tuesday, August 25th. The industrial products company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Donaldson had a return on equity of 28.68% and a net margin of 11.68%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 EPS. On average, equities research analysts forecast that Donaldson Company, Inc. will post 4.33 EPS for the current year.

Donaldson Company Profile

Donaldson Company, Inc is a global manufacturer of filtration systems and replacement parts. Founded in 1915, the company serves customers in industries including agriculture, construction, mining, transportation, manufacturing, and life sciences.

Its products include air, liquid, fuel, and lubricating-oil filters for engines and equipment, as well as dust-collection systems and filtration solutions for compressed air and gas. Donaldson also provides filtration technologies for applications such as food and beverage production, bioprocessing, and other life sciences uses.

Headquartered in Bloomington, Minnesota, Donaldson serves customers around the world through its manufacturing, distribution, and service operations.