Russell Investments Group Ltd. Has $1.87 Million Holdings in Donaldson Company, Inc. (NYSE:DCI)

Russell Investments Group Ltd. lessened its holdings in Donaldson Company, Inc. (NYSE:DCI – Get Rating) by 82.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,738 shares of the industrial products company’s stock after selling 150,195 shares during the period. Russell Investments Group Ltd.’s holdings in Donaldson were worth $1,868,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. State Street Corp boosted its stake in Donaldson by 13.9% in the second quarter. State Street Corp now owns 6,767,711 shares of the industrial products company’s stock valued at $325,798,000 after buying an additional 824,842 shares in the last quarter. BlackRock Inc. boosted its holdings in Donaldson by 3.9% in the first quarter. BlackRock Inc. now owns 10,996,071 shares of the industrial products company’s stock valued at $571,026,000 after acquiring an additional 413,360 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Donaldson by 55.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 783,111 shares of the industrial products company’s stock valued at $40,667,000 after acquiring an additional 279,484 shares during the last quarter. Millennium Management LLC boosted its holdings in Donaldson by 206.7% in the second quarter. Millennium Management LLC now owns 380,099 shares of the industrial products company’s stock valued at $18,298,000 after acquiring an additional 256,167 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in Donaldson by 2,630.1% in the first quarter. 1832 Asset Management L.P. now owns 161,157 shares of the industrial products company’s stock valued at $8,254,000 after acquiring an additional 155,254 shares during the last quarter. Institutional investors own 80.10% of the company’s stock.

Donaldson Price Performance

Shares of DCI stock opened at $64.23 on Tuesday. The firm has a market cap of $7.79 billion, a P/E ratio of 22.30, a P/E/G ratio of 2.00 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 50 day moving average price is $63.53 and its 200-day moving average price is $62.06. Donaldson Company, Inc. has a fifty-two week low of $46.00 and a fifty-two 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Donaldson had a return on equity of 32.35% and a net margin of 10.45%. The business had revenue of $828.30 million during the quarter, compared to analysts’ expectations of $838.29 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities research analysts anticipate that Donaldson Company, Inc. will post 3.05 earnings per share for the current year.

Analyst Ratings Changes

DCI has been the topic of a number of research reports. Robert W. Baird upped their target price on Donaldson from $66.00 to $69.00 in a research report on Friday, March 3rd. Morgan Stanley upped their price objective on Donaldson from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. Finally, StockNews.com assumed coverage on Donaldson in a research note on Thursday, May 18th. They set a “strong-buy” rating for the company.

Insider Transactions at Donaldson

In other news, 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 bought at an average cost of $62.76 per share, for a total transaction of $199,953.36. Following the completion of the transaction, the director now owns 7,872 shares of the company’s stock, valued at $494,046.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, 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 value of $713,664.00. Following the transaction, the director now owns 14,378 shares of the company’s stock, valued at $950,098.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher M. Hilger acquired 3,186 shares of the company’s stock in a transaction that occurred on Tuesday, April 11th. The stock was purchased at an average cost of $62.76 per share, for a total transaction of $199,953.36. Following the purchase, the director now owns 7,872 shares of the company’s stock, valued at $494,046.72. The disclosure for this purchase can be found here. Corporate insiders own 2.77% of the company’s stock.

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.