Aviva PLC Purchases New Stake in Donaldson Company, Inc. (NYSE:DCI)

Aviva PLC purchased a new stake in shares of Donaldson Company, Inc. (NYSE:DCI – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,396 shares of the industrial products company’s stock, valued at approximately $671,000.

Several other large investors have also recently bought and sold shares of DCI. EverSource Wealth Advisors LLC acquired a new position in Donaldson during the third quarter valued at $27,000. Belpointe Asset Management LLC acquired a new position in Donaldson during the fourth quarter valued at $32,000. Fred Alger Management LLC purchased a new position in Donaldson in the third quarter valued at about $35,000. Ronald Blue Trust Inc. grew its stake in Donaldson by 217.5% in the fourth 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. Finally, Affiance Financial LLC purchased a new position in Donaldson in the fourth quarter valued at about $41,000. 80.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Donaldson

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

Wall Street Analyst Weigh In

DCI has been the topic of a number of recent research reports. StockNews.com initiated coverage on Donaldson in a research note on Thursday. They issued a “strong-buy” rating on the stock. Robert W. Baird boosted their target price on Donaldson from $66.00 to $69.00 in a research note on Friday, March 3rd. Finally, Morgan Stanley boosted their target price on Donaldson from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th.

Donaldson Stock Performance

DCI opened at $63.89 on Monday. The company has a market cap of $7.75 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 2.01 and a beta of 1.20. The stock has a 50-day moving average of $63.51 and a 200-day moving average of $62.01. Donaldson Company, Inc. has a 52-week low of $46.00 and a 52-week high of $66.96. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.46 and a current ratio of 2.33.

Donaldson (NYSE:DCI – Get Rating) last released its quarterly earnings results on Wednesday, March 8th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. The company had revenue of $828.30 million during the quarter, compared to the consensus estimate of $838.29 million. Donaldson had a return on equity of 32.35% and a net margin of 10.45%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 EPS. As a group, equities research analysts forecast 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.