Impax Asset Management Group plc Reduces Holdings in Donaldson Company, Inc. (NYSE:DCI)

Impax Asset Management Group plc reduced its stake in Donaldson Company, Inc. (NYSE:DCI) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 704,553 shares of the industrial products company’s stock after selling 13,310 shares during the quarter. Impax Asset Management Group plc’s holdings in Donaldson were worth $51,344,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in shares of Donaldson by 359.2% in the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after buying an additional 273 shares during the last quarter. Mather Group LLC. raised its stake in Donaldson by 408.1% in the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 404 shares during the last quarter. Versant Capital Management Inc lifted its position in Donaldson by 1,372.2% during the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 494 shares during the period. V Square Quantitative Management LLC grew 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 valued at $45,000 after purchasing an additional 207 shares during the last quarter. Finally, Montag A & Associates Inc. acquired a new position in shares of Donaldson in the first quarter valued at about $52,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. Stifel Nicolaus reduced their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research 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 given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $69.67.

Donaldson Stock Performance

Shares of DCI stock opened at $74.37 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $72.90 and a 200-day simple moving average of $72.93. Donaldson Company, Inc. has a 52-week low of $58.56 and a 52-week high of $78.03. The stock has a market cap of $8.91 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 1.92 and a beta of 1.04.

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

Insiders Place Their Bets

In other news, President Thomas R. Scalf sold 2,500 shares of Donaldson 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 completion of 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, President Thomas R. Scalf sold 2,500 shares of the company’s 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 sale, the president now directly owns 28,334 shares of the company’s stock, valued at $2,072,915.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Scott J. Robinson sold 83,600 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at $2,791,456.08. The trade was a 0.00 % 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 worth $12,310,222 over the last ninety days. Corporate 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.