LPL Financial LLC Sells 3,423 Shares of Donaldson Company, Inc. (NYSE:DCI)

LPL Financial LLC lowered its stake in Donaldson Company, Inc. (NYSE:DCI – Get Rating) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,904 shares of the industrial products company’s stock after selling 3,423 shares during the quarter. LPL Financial LLC’s holdings in Donaldson were worth $2,997,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DCI. EverSource Wealth Advisors LLC bought a new stake in shares of Donaldson in the 3rd quarter valued at $27,000. Fred Alger Management LLC bought a new stake in Donaldson during the 3rd quarter valued at $35,000. Ronald Blue Trust Inc. increased its stake in Donaldson by 217.5% during the 4th quarter. Ronald Blue Trust Inc. now owns 797 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 546 shares in the last quarter. Affiance Financial LLC bought a new stake in Donaldson during the 4th quarter valued at $41,000. Finally, Adirondack Trust Co. increased its stake in Donaldson by 37.5% during the 4th quarter. Adirondack Trust Co. now owns 1,100 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 80.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on DCI. Morgan Stanley boosted their price target on shares of Donaldson from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. StockNews.com initiated coverage on shares of Donaldson in a research note on Thursday. They set a “strong-buy” rating for the company. Finally, Robert W. Baird lifted their price objective on shares of Donaldson from $66.00 to $69.00 in a report on Friday, March 3rd.

Insider Buying and Selling

In related news, Director James Owens sold 10,800 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $66.08, for a total value of $713,664.00. Following the transaction, the director now directly owns 14,378 shares of the company’s stock, valued at approximately $950,098.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director James Owens sold 10,800 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $66.08, for a total value of $713,664.00. Following the transaction, the director now directly owns 14,378 shares of the company’s stock, valued at approximately $950,098.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher M. Hilger purchased 3,186 shares of the business’s stock in a transaction that occurred on Tuesday, April 11th. The stock was bought at an average cost of $62.76 per share, for a total transaction of $199,953.36. Following the completion of the acquisition, the director now directly owns 7,872 shares in the company, valued at approximately $494,046.72. The disclosure for this purchase can be found here. 2.77% of the stock is owned by insiders.

Donaldson Price Performance

DCI opened at $63.89 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.33 and a quick ratio of 1.46. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 2.00 and a beta of 1.20. The firm’s fifty day moving average price is $63.51 and its two-hundred day moving average price is $61.94. Donaldson Company, Inc. has a 1 year low of $46.00 and a 1 year high of $66.96.

Donaldson (NYSE:DCI – Get Rating) last posted its quarterly earnings data on Wednesday, March 8th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $828.30 million for the quarter, compared to the consensus estimate of $838.29 million. Donaldson had a net margin of 10.45% and a return on equity of 32.35%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS. As a group, analysts anticipate that Donaldson Company, Inc. will post 3.05 earnings per share for the current fiscal year.

About Donaldson

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Donaldson Co, Inc engages in the manufacture of filtration systems and replacement parts. It operates through the following segments: Engine Products and Industrial Products. The Engine Products segment includes replacement filters for both air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.