Mcdaniel Terry & Co. Has $37.83 Million Stake in Donaldson Company, Inc. (NYSE:DCI)

Mcdaniel Terry & Co. grew its position in Donaldson Company, Inc. (NYSE:DCI) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 513,333 shares of the industrial products company’s stock after acquiring an additional 4,092 shares during the quarter. Donaldson accounts for about 3.2% of Mcdaniel Terry & Co.’s holdings, making the stock its 10th largest position. Mcdaniel Terry & Co. owned 0.43% of Donaldson worth $37,833,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of DCI. TD Asset Management Inc lifted its position in shares of Donaldson by 23.7% in the 1st quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company’s stock worth $143,434,000 after acquiring an additional 367,705 shares during the period. Eagle Ridge Investment Management bought a new position in shares of Donaldson during the 1st quarter worth approximately $25,351,000. Heartland Advisors Inc. bought a new position in shares of Donaldson during the 1st quarter worth approximately $17,016,000. Los Angeles Capital Management LLC bought a new position in shares of Donaldson during the 2nd quarter worth approximately $14,288,000. Finally, Epoch Investment Partners Inc. lifted its position in shares of Donaldson by 16.6% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,331,717 shares of the industrial products company’s stock worth $99,453,000 after buying an additional 190,024 shares during the period. Institutional investors own 82.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on DCI. Raymond James began coverage on Donaldson in a research report on Friday, June 28th. They set a “market perform” rating for the company. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Finally, Stifel Nicolaus cut their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $69.67.

Insider Activity at Donaldson

In related news, Director Willard D. Oberton sold 2,700 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $73.37, for a total transaction of $198,099.00. Following the completion of the sale, the director now directly owns 27,983 shares of the company’s stock, valued at $2,053,112.71. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Willard D. Oberton sold 2,700 shares of Donaldson stock in a transaction on Friday, October 4th. The stock was sold at an average price of $73.37, for a total value of $198,099.00. Following the completion of the sale, the director now directly owns 27,983 shares of the company’s stock, valued at approximately $2,053,112.71. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas R. Scalf sold 4,295 shares of Donaldson stock in a transaction on Monday, October 7th. The shares were sold at an average price of $73.33, for a total value of $314,952.35. Following the completion of the sale, the president now directly owns 30,834 shares of the company’s stock, valued at $2,261,057.22. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 167,805 shares of company stock valued at $12,310,222 in the last three months. Corporate insiders own 2.58% of the company’s stock.

Donaldson Trading Up 0.5 %

DCI stock opened at $74.29 on Friday. The business has a fifty day moving average price of $72.82 and a 200 day moving average price of $72.91. Donaldson Company, Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $78.03. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of 23.00, a P/E/G ratio of 1.92 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 results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. The firm had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $941.12 million. Analysts expect that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

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.