Elkfork Partners LLC increased its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 16.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,072 shares of the industrial products company’s stock after buying an additional 858 shares during the period. Elkfork Partners LLC’s holdings in Donaldson Company were worth $276,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the stock. Seven Eight Capital LP bought a new position in Donaldson Company during the fourth quarter worth $109,000. Mosaic Family Wealth LLC raised its position in Donaldson Company by 9.9% in the third quarter. Mosaic Family Wealth LLC now owns 4,092 shares of the industrial products company’s stock worth $153,000 after buying an additional 369 shares during the period. Tyers Asset Management LLC bought a new position in Donaldson Company during the fourth quarter worth $160,000. Northeast Investment Management bought a new position in Donaldson Company during the third quarter worth $210,000. Finally, Gamble Jones Investment Counsel bought a new position in Donaldson Company during the first quarter worth $229,000. Institutional investors and hedge funds own 80.95% of the company’s stock.
Donaldson Company, Inc. (NYSE:DCI) traded up 2.39% during trading on Friday, hitting $47.03. The company had a trading volume of 136,554 shares. The firm has a 50-day moving average of $45.89 and a 200 day moving average of $43.25. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 28.85 and a beta of 0.98. Donaldson Company, Inc. has a 12-month low of $31.52 and a 12-month high of $47.68.
Donaldson Company (NYSE:DCI) last released its quarterly earnings data on Wednesday, March 1st. The industrial products company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The business had revenue of $550.60 million during the quarter, compared to the consensus estimate of $521.99 million. Donaldson Company had a return on equity of 27.42% and a net margin of 9.41%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 earnings per share. On average, equities research analysts forecast that Donaldson Company, Inc. will post ($0.38) earnings per share for the current year.
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Separately, Zacks Investment Research upgraded Donaldson Company from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Friday, May 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $44.00.
In related news, Director Willard D. Oberton sold 14,400 shares of the company’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $44.86, for a total value of $645,984.00. Following the completion of the sale, the director now owns 28,057 shares in the company, valued at $1,258,637.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.88% of the company’s stock.
Donaldson Company Company Profile
Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 42 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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