AlphaQuest LLC Increases Stock Position in Donaldson Company, Inc. $DCI

AlphaQuest LLC lifted its holdings in Donaldson Company, Inc. (NYSE:DCI) by 1,802.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 18,147 shares of the industrial products company’s stock after acquiring an additional 17,193 shares during the quarter. AlphaQuest LLC’s holdings in Donaldson were worth $1,609,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Leonteq Securities AG purchased a new stake in shares of Donaldson in the 4th quarter worth approximately $40,000. Eagle Bay Advisors LLC purchased a new stake in shares of Donaldson in the 4th quarter worth approximately $45,000. Clearstead Advisors LLC lifted its position in shares of Donaldson by 92.6% in the 4th quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 288 shares during the period. Steph & Co. lifted its position in shares of Donaldson by 76.4% in the 4th quarter. Steph & Co. now owns 944 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 409 shares during the period. Finally, CENTRAL TRUST Co lifted its position in shares of Donaldson by 40.3% in the 3rd quarter. CENTRAL TRUST Co now owns 1,024 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 294 shares during the period. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Donaldson Trading Down 1.1%

Shares of Donaldson stock opened at $83.79 on Thursday. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 0.43. Donaldson Company, Inc. has a 12-month low of $67.71 and a 12-month high of $112.84. The firm has a market capitalization of $9.70 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 2.13 and a beta of 0.99. The firm’s 50 day simple moving average is $85.91 and its two-hundred day simple moving average is $91.91.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.07). Donaldson had a net margin of 10.09% and a return on equity of 29.85%. The company had revenue of $896.30 million for the quarter, compared to analyst estimates of $898.64 million. During the same quarter in the previous year, the company posted $0.83 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts predict that Donaldson Company, Inc. will post 3.97 EPS for the current year.

Insider Transactions at Donaldson

In other Donaldson news, Director James Owens sold 13,753 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the transaction, the director owned 22,565 shares in the company, valued at approximately $2,013,023.65. This represents a 37.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 19,800 shares of company stock worth $1,765,184. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DCI. Wall Street Zen cut shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. UBS Group set a $96.00 target price on shares of Donaldson in a research report on Tuesday, February 24th. Morgan Stanley decreased their target price on shares of Donaldson from $93.00 to $91.00 and set an “equal weight” rating for the company in a research report on Monday, March 9th. Jefferies Financial Group increased their target price on shares of Donaldson to $123.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings cut shares of Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Donaldson has a consensus rating of “Hold” and a consensus price target of $100.20.

Donaldson Company Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.