ProShare Advisors LLC Decreases Stock Position in Donaldson Company, Inc. $DCI

ProShare Advisors LLC cut its stake in Donaldson Company, Inc. (NYSE:DCI) by 18.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 400,289 shares of the industrial products company’s stock after selling 90,412 shares during the period. ProShare Advisors LLC owned about 0.35% of Donaldson worth $35,490,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Eagle Bay Advisors LLC purchased a new stake in Donaldson during the 4th quarter worth about $45,000. Steph & Co. lifted its holdings in Donaldson by 76.4% during the 4th quarter. Steph & Co. now owns 944 shares of the industrial products company’s stock worth $84,000 after buying an additional 409 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in Donaldson by 40.3% during the 3rd quarter. CENTRAL TRUST Co now owns 1,024 shares of the industrial products company’s stock worth $84,000 after buying an additional 294 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Donaldson by 200.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,251 shares of the industrial products company’s stock worth $102,000 after buying an additional 834 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in Donaldson during the 3rd quarter worth about $109,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on DCI shares. Robert W. Baird decreased their price target on Donaldson from $104.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, March 30th. UBS Group set a $96.00 price target on Donaldson in a report on Tuesday, February 24th. Jefferies Financial Group boosted their target price on Donaldson to $123.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Morgan Stanley reduced their target price on Donaldson from $93.00 to $91.00 and set an “equal weight” rating for the company in a report on Monday, March 9th. Finally, Wall Street Zen downgraded Donaldson from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $100.20.

Donaldson Price Performance

Shares of NYSE:DCI opened at $81.61 on Wednesday. The business’s 50 day simple moving average is $86.36 and its 200-day simple moving average is $91.97. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 2.08 and a beta of 0.99. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.29 and a quick ratio of 1.46. Donaldson Company, Inc. has a 12 month low of $67.71 and a 12 month high of $112.84.

Donaldson (NYSE:DCI) last announced its quarterly 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). The firm had revenue of $896.30 million for the quarter, compared to analysts’ expectations of $898.64 million. Donaldson had a return on equity of 29.85% and a net margin of 10.09%.Donaldson’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.83 EPS. As a group, equities analysts forecast that Donaldson Company, Inc. will post 3.97 earnings per share for the current fiscal year.

Insider Activity at Donaldson

In other news, Director James Owens sold 13,753 shares of the business’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 transaction of $1,226,905.13. Following the sale, the director owned 22,565 shares of the company’s stock, valued at $2,013,023.65. The trade was a 37.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 19,800 shares of company stock worth $1,765,184. 2.20% of the stock is owned by insiders.

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.