Wells Fargo & Company MN Buys 43,151 Shares of Donaldson Company, Inc. (DCI)

Wells Fargo & Company MN boosted its stake in Donaldson Company, Inc. (NYSE:DCI) by 6.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 713,405 shares of the industrial products company’s stock after acquiring an additional 43,151 shares during the period. Wells Fargo & Company MN’s holdings in Donaldson were worth $41,563,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DCI. Natixis acquired a new position in Donaldson in the 2nd quarter valued at $200,000. Armstrong Henry H Associates Inc. acquired a new stake in shares of Donaldson during the 3rd quarter worth $204,000. CIBC Asset Management Inc acquired a new stake in shares of Donaldson during the 2nd quarter worth $210,000. Wedbush Securities Inc. acquired a new stake in shares of Donaldson during the 2nd quarter worth $212,000. Finally, Jane Street Group LLC acquired a new stake in shares of Donaldson during the 2nd quarter worth $215,000. 81.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE DCI opened at $54.01 on Friday. Donaldson Company, Inc. has a 12-month low of $43.35 and a 12-month high of $59.43. The firm has a market capitalization of $6.92 billion, a P/E ratio of 27.01, a P/E/G ratio of 1.98 and a beta of 1.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.40 and a quick ratio of 1.69.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, September 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. Donaldson had a return on equity of 31.09% and a net margin of 6.59%. The firm had revenue of $724.70 million during the quarter, compared to the consensus estimate of $727.79 million. During the same period in the prior year, the firm earned $0.51 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, analysts forecast that Donaldson Company, Inc. will post 2.37 earnings per share for the current year.

A number of analysts have recently commented on the company. Zacks Investment Research downgraded Donaldson from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Oppenheimer restated a “hold” rating on shares of Donaldson in a report on Thursday, September 6th. Stifel Nicolaus restated a “hold” rating and set a $54.00 price objective (up from $46.00) on shares of Donaldson in a report on Thursday, September 6th. Finally, ValuEngine upgraded Donaldson from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $56.75.

In other Donaldson news, Director Willard D. Oberton sold 14,400 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $56.85, for a total value of $818,640.00. Following the completion of the transaction, the director now directly owns 30,451 shares of the company’s stock, valued at approximately $1,731,139.35. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Richard Brent Lewis sold 3,209 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $58.99, for a total transaction of $189,298.91. Following the completion of the transaction, the vice president now directly owns 4,000 shares of the company’s stock, valued at $235,960. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by corporate insiders.

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About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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