Diversify Wealth Management LLC Has $264,000 Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Diversify Wealth Management LLC lowered its stake in Donaldson Company, Inc. (NYSE:DCI) by 5.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,573 shares of the industrial products company’s stock after selling 210 shares during the quarter. Diversify Wealth Management LLC’s holdings in Donaldson were worth $264,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. lifted its stake in Donaldson by 359.2% in the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock valued at $26,000 after buying an additional 273 shares during the period. Versant Capital Management Inc increased its stake in shares of Donaldson by 1,372.2% in the 2nd 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. raised its position in shares of Donaldson by 408.1% in the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 404 shares during the period. V Square Quantitative Management LLC boosted its stake in Donaldson by 52.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 207 shares during the last quarter. Finally, Montag A & Associates Inc. acquired a new position in Donaldson during the first quarter valued at approximately $52,000. 82.81% of the stock is currently owned by institutional investors.

Donaldson Stock Performance

Shares of DCI opened at $73.85 on Friday. The firm has a market cap of $8.84 billion, a P/E ratio of 21.85, a PEG ratio of 1.94 and a beta of 1.04. Donaldson Company, Inc. has a twelve month low of $58.31 and a twelve 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 firm’s 50 day moving average price is $72.90 and its two-hundred day moving average price is $72.92.

Donaldson (NYSE:DCI) last announced its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $935.40 million during 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 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DCI. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. Stifel Nicolaus reduced their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. One equities 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $69.67.

Insider Transactions at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 4,295 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $73.33, for a total value of $314,952.35. Following the sale, the president now owns 30,834 shares in the company, valued at approximately $2,261,057.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, President Thomas R. Scalf sold 4,295 shares of Donaldson stock in a transaction that occurred 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 sale, the president now directly owns 30,834 shares in the company, valued at $2,261,057.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total transaction of $182,900.00. Following the transaction, the president now owns 28,334 shares of the company’s stock, valued at $2,072,915.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 167,805 shares of company stock valued at $12,310,222 over the last three months. Company insiders own 2.70% of the company’s stock.

About Donaldson

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.