First Interstate Bank Buys Shares of 4,800 Donaldson Company, Inc. (NYSE:DCI)

First Interstate Bank bought a new stake in Donaldson Company, Inc. (NYSE:DCI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,800 shares of the industrial products company’s stock, valued at approximately $354,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. increased its stake 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 purchasing an additional 273 shares during the last quarter. Versant Capital Management Inc grew its position in Donaldson by 1,372.2% in the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 494 shares during the last quarter. Mather Group LLC. boosted its position in Donaldson by 408.1% in the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after buying an additional 404 shares in the last quarter. V Square Quantitative Management LLC grew its stake in shares of Donaldson by 52.0% during the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after buying an additional 207 shares during the last quarter. Finally, Montag A & Associates Inc. bought a new stake in Donaldson during the 1st quarter worth $52,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

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

Donaldson Stock Performance

DCI stock traded up $0.68 during mid-day trading on Friday, hitting $73.84. The company had a trading volume of 364,985 shares, compared to its average volume of 486,713. Donaldson Company, Inc. has a 12 month low of $58.31 and a 12 month high of $78.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84. The stock’s fifty day moving average price is $72.90 and its two-hundred day moving average price is $72.92. The firm has a market cap of $8.84 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 1.94 and a beta of 1.04.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. On average, analysts forecast that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

Insider Transactions at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total value of $182,900.00. Following the sale, the president now directly owns 28,334 shares of the company’s stock, valued at approximately $2,072,915.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Donaldson news, Director James Owens sold 5,210 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the completion of the sale, the director now owns 17,788 shares in the company, valued at $1,276,111.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Thomas R. Scalf sold 2,500 shares of Donaldson stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total transaction of $182,900.00. Following the transaction, the president now directly owns 28,334 shares in the company, valued at $2,072,915.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 167,805 shares of company stock valued at $12,310,222. Company insiders own 2.70% of the company’s stock.

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.