Vise Technologies Inc. Acquires 6,243 Shares of Donaldson Company, Inc. $DCI

Vise Technologies Inc. boosted its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 173.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,839 shares of the industrial products company’s stock after purchasing an additional 6,243 shares during the period. Vise Technologies Inc.’s holdings in Donaldson were worth $856,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DCI. BlackRock Inc. acquired a new position in Donaldson in the second quarter worth $1,072,012,000. Bank of New York Mellon Corp increased its stake in shares of Donaldson by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 1,222,704 shares of the industrial products company’s stock valued at $103,771,000 after buying an additional 9,451 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of Donaldson by 1.7% in the first quarter. Gabelli Funds LLC now owns 653,500 shares of the industrial products company’s stock valued at $55,463,000 after buying an additional 10,850 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Donaldson in the second quarter valued at about $46,685,000. Finally, Jupiter Topco LLC bought a new position in shares of Donaldson in the second quarter valued at about $40,995,000. Institutional investors own 82.81% of the company’s stock.

Donaldson Stock Up 4.4%

Shares of DCI opened at $88.06 on Tuesday. The firm has a market capitalization of $10.20 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 1.97 and a beta of 0.88. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.41 and a current ratio of 2.08. The business’s fifty day moving average price is $87.29 and its two-hundred day moving average price is $90.34. Donaldson Company, Inc. has a 52 week low of $79.61 and a 52 week high of $112.84.

Donaldson (NYSE:DCI) last released its earnings results on Tuesday, August 25th. The industrial products company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Donaldson had a return on equity of 28.68% and a net margin of 11.68%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $1.03 EPS. On average, analysts predict that Donaldson Company, Inc. will post 4.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DCI. Robert W. Baird upped their price target on shares of Donaldson from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Weiss Ratings upgraded shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Stifel Nicolaus set a $95.00 price objective on shares of Donaldson in a research report on Friday, August 28th. Morgan Stanley boosted their target price on shares of Donaldson from $91.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 29th. Finally, Wall Street Zen lowered shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Saturday, September 19th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Donaldson has a consensus rating of “Moderate Buy” and a consensus target price of $101.67.

About Donaldson

Donaldson Company, Inc is a global manufacturer of filtration systems and replacement parts. Founded in 1915, the company serves customers in industries including agriculture, construction, mining, transportation, manufacturing, and life sciences.

Its products include air, liquid, fuel, and lubricating-oil filters for engines and equipment, as well as dust-collection systems and filtration solutions for compressed air and gas. Donaldson also provides filtration technologies for applications such as food and beverage production, bioprocessing, and other life sciences uses.

Headquartered in Bloomington, Minnesota, Donaldson serves customers around the world through its manufacturing, distribution, and service operations.