Meeder Asset Management Inc. Acquires Shares of 2,882 Donaldson Company, Inc. (NYSE:DCI)

Meeder Asset Management Inc. bought a new position in Donaldson Company, Inc. (NYSE:DCI) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 2,882 shares of the industrial products company’s stock, valued at approximately $212,000.

Several other hedge funds have also recently made changes to their positions in the business. Public Employees Retirement Association of Colorado bought a new position in Donaldson in the 1st quarter valued at $660,000. New York State Teachers Retirement System boosted its position in Donaldson by 2.6% in the 2nd quarter. New York State Teachers Retirement System now owns 147,777 shares of the industrial products company’s stock valued at $10,575,000 after buying an additional 3,792 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in Donaldson by 21.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 110,437 shares of the industrial products company’s stock worth $8,245,000 after acquiring an additional 19,670 shares in the last quarter. Arizona State Retirement System increased its position in shares of Donaldson by 2.1% during the second quarter. Arizona State Retirement System now owns 33,697 shares of the industrial products company’s stock worth $2,411,000 after acquiring an additional 681 shares during the period. Finally, Savant Capital LLC raised its stake in shares of Donaldson by 46.2% during the second quarter. Savant Capital LLC now owns 13,674 shares of the industrial products company’s stock valued at $979,000 after acquiring an additional 4,320 shares in the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on DCI. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. Stifel Nicolaus decreased their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. One research 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 MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $69.67.

Donaldson Stock Down 1.0 %

Donaldson stock opened at $75.27 on Wednesday. Donaldson Company, Inc. has a twelve month low of $58.75 and a twelve month high of $78.71. The business has a fifty day moving average of $74.08 and a two-hundred day moving average of $73.28. The firm has a market cap of $9.01 billion, a P/E ratio of 22.27, a P/E/G ratio of 2.01 and a beta of 1.04. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI) last issued its quarterly earnings data 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 company had revenue of $935.40 million for the quarter, compared to the consensus estimate of $941.12 million. On average, analysts forecast that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Tod E. Carpenter sold 30,919 shares of Donaldson stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $72.69, for a total transaction of $2,247,502.11. Following the completion of the sale, the chief executive officer now directly owns 256,742 shares in the company, valued at approximately $18,662,575.98. The trade was a 10.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Owens sold 5,210 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were 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 approximately $1,276,111.12. This represents a 22.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 167,805 shares of company stock worth $12,310,222 in the last ninety days. 2.70% of the stock is owned by insiders.

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.