MQS Management LLC Takes Position in Donaldson Company, Inc. $DCI

MQS Management LLC purchased a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,003 shares of the industrial products company’s stock, valued at approximately $532,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DCI. Victory Capital Management Inc. boosted its holdings in shares of Donaldson by 6,069.9% during the third quarter. Victory Capital Management Inc. now owns 1,178,884 shares of the industrial products company’s stock valued at $96,492,000 after acquiring an additional 1,159,777 shares during the period. Arbejdsmarkedets Tillaegspension acquired a new position in shares of Donaldson during the fourth quarter valued at $22,872,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Donaldson during the fourth quarter valued at $17,105,000. Millennium Management LLC boosted its holdings in shares of Donaldson by 428.6% during the first quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company’s stock valued at $15,020,000 after acquiring an additional 181,602 shares during the period. Finally, Tidal Investments LLC acquired a new position in shares of Donaldson during the third quarter valued at $14,349,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Price Performance

Shares of NYSE DCI opened at $83.73 on Friday. Donaldson Company, Inc. has a fifty-two week low of $67.71 and a fifty-two week high of $112.84. The firm’s 50-day simple moving average is $86.02 and its 200 day simple moving average is $91.90. The company has a quick ratio of 1.46, a current ratio of 2.29 and a debt-to-equity ratio of 0.43. The stock has a market cap of $9.70 billion, a P/E ratio of 26.17, a P/E/G ratio of 2.08 and a beta of 0.99.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.83 earnings per share 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 the consensus estimate of $898.64 million. During the same quarter in the prior year, the firm earned $0.83 earnings per share. Donaldson’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities analysts expect that Donaldson Company, Inc. will post 3.97 EPS for the current year.

Insider Buying and Selling

In other Donaldson news, Director James Owens sold 13,753 shares of the business’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $89.21, for a total value of $1,226,905.13. Following the sale, the director directly owned 22,565 shares in the company, valued at approximately $2,013,023.65. The trade was a 37.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 19,800 shares of company stock valued at $1,765,184 in the last quarter. 2.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Morgan Stanley reduced their price target on shares of Donaldson from $93.00 to $91.00 and set an “equal weight” rating for the company in a report on Monday, March 9th. Weiss Ratings downgraded shares of Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. Robert W. Baird cut their price objective on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Finally, Jefferies Financial Group lifted their price objective on shares of Donaldson to $123.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.