ING Groep NV Makes New $1.14 Million Investment in Donaldson Company, Inc. (NYSE:DCI)

ING Groep NV acquired a new position in shares of Donaldson Company, Inc. (NYSE:DCI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,500 shares of the industrial products company’s stock, valued at approximately $1,142,000.

Other large investors have also modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of Donaldson by 359.2% during the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after buying an additional 273 shares during the period. Mather Group LLC. increased its position in shares of Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 404 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Donaldson by 1,372.2% during the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 494 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Donaldson during the 3rd quarter worth about $41,000. Finally, V Square Quantitative Management LLC grew its holdings in Donaldson by 52.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 207 shares during the last quarter. 82.81% of the stock is owned by institutional investors.

Donaldson Stock Down 0.6 %

Donaldson stock opened at $76.40 on Monday. The company’s 50 day simple moving average is $73.86 and its 200 day simple moving average is $73.25. Donaldson Company, Inc. has a fifty-two week low of $58.75 and a fifty-two week high of $78.71. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 2.01 and a beta of 1.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The business had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. As a group, sell-side analysts anticipate that Donaldson Company, Inc. will post 3.63 EPS for the current year.

Insiders Place Their Bets

In other Donaldson news, CEO Tod E. Carpenter sold 24,081 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $72.52, for a total transaction of $1,746,354.12. Following the sale, the chief executive officer now directly owns 256,742 shares in the company, valued at approximately $18,618,929.84. This trade represents a 8.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James Owens sold 5,210 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total transaction of $373,765.40. Following the sale, the director now owns 17,788 shares in the company, valued at $1,276,111.12. This trade represents a 22.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 167,805 shares of company stock worth $12,310,222. Company insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DCI shares. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. Stifel Nicolaus reduced their target price on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $69.67.

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.