Quest Partners LLC Acquires 9,972 Shares of Donaldson Company, Inc. (NYSE:DCI)

Quest Partners LLC boosted its holdings in Donaldson Company, Inc. (NYSE:DCI) by 33.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,668 shares of the industrial products company’s stock after purchasing an additional 9,972 shares during the quarter. Quest Partners LLC’s holdings in Donaldson were worth $2,924,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Claro Advisors LLC increased its stake in shares of Donaldson by 2.0% in the 3rd quarter. Claro Advisors LLC now owns 10,242 shares of the industrial products company’s stock valued at $755,000 after acquiring an additional 203 shares in the last quarter. ING Groep NV bought a new position in shares of Donaldson during the 3rd quarter worth about $1,142,000. Curi RMB Capital LLC grew its stake in shares of Donaldson by 2.6% in the 3rd quarter. Curi RMB Capital LLC now owns 11,383 shares of the industrial products company’s stock valued at $839,000 after buying an additional 285 shares during the period. MQS Management LLC bought a new stake in Donaldson in the 3rd quarter valued at about $982,000. Finally, Cumberland Partners Ltd raised its stake in Donaldson by 50.0% during the 3rd quarter. Cumberland Partners Ltd now owns 15,000 shares of the industrial products company’s stock worth $1,106,000 after buying an additional 5,000 shares during the period. 82.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Donaldson Price Performance

DCI stock opened at $76.40 on Monday. 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 business has a 50-day simple moving average of $73.86 and a two-hundred day simple moving average of $73.25. The company has a market capitalization of $9.15 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 2.01 and a beta of 1.04. Donaldson Company, Inc. has a 52-week low of $58.75 and a 52-week high of $78.71.

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

Insider Activity at Donaldson

In other news, CFO Scott J. Robinson sold 83,600 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.04, for a total value of $6,189,744.00. Following the completion of the transaction, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at $2,791,456.08. This represents a 68.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were 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 $2,072,915.44. The trade was a 8.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 167,805 shares of company stock valued at $12,310,222 over the last ninety days. Corporate insiders own 2.70% of the company’s stock.

Donaldson Company 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.