Aviva PLC Invests $671,000 in Donaldson Company, Inc. (NYSE:DCI)

Aviva PLC bought a new position in Donaldson Company, Inc. (NYSE:DCI – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,396 shares of the industrial products company’s stock, valued at approximately $671,000.

A number of other hedge funds have also modified their holdings of DCI. Citigroup Inc. increased its holdings in Donaldson by 30.9% during the 1st quarter. Citigroup Inc. now owns 27,567 shares of the industrial products company’s stock valued at $1,431,000 after purchasing an additional 6,503 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Donaldson by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 45,273 shares of the industrial products company’s stock valued at $2,351,000 after purchasing an additional 4,296 shares in the last quarter. BlackRock Inc. increased its holdings in Donaldson by 3.9% during the 1st quarter. BlackRock Inc. now owns 10,996,071 shares of the industrial products company’s stock valued at $571,026,000 after purchasing an additional 413,360 shares in the last quarter. APG Asset Management N.V. acquired a new stake in Donaldson during the 1st quarter valued at $1,391,000. Finally, Great West Life Assurance Co. Can increased its holdings in Donaldson by 8.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 71,204 shares of the industrial products company’s stock valued at $3,802,000 after purchasing an additional 5,642 shares in the last quarter. 80.10% of the stock is owned by institutional investors and hedge funds.

Donaldson Stock Down 0.5 %

Shares of DCI opened at $63.89 on Monday. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 2.01 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.46 and a current ratio of 2.33. The business’s fifty day moving average price is $63.51 and its two-hundred day moving average price is $62.01. Donaldson Company, Inc. has a 52 week low of $46.00 and a 52 week high of $66.96.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DCI shares. Morgan Stanley raised their price target on Donaldson from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, April 20th. Robert W. Baird raised their price target on Donaldson from $66.00 to $69.00 in a report on Friday, March 3rd. Finally, StockNews.com began coverage on Donaldson in a research report on Thursday. They issued a “strong-buy” rating on the stock.

Insider Transactions at Donaldson

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

Donaldson Company Profile

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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.