Hennion & Walsh Asset Management Inc. Boosts Holdings in Donaldson Company, Inc. (NYSE:DCI)

Hennion & Walsh Asset Management Inc. boosted its position in Donaldson Company, Inc. (NYSE:DCI) by 29.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,180 shares of the industrial products company’s stock after acquiring an additional 1,170 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Donaldson were worth $382,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado acquired a new stake in Donaldson in the first quarter valued at approximately $660,000. New York State Teachers Retirement System raised its holdings in Donaldson by 2.6% in the second quarter. New York State Teachers Retirement System now owns 147,777 shares of the industrial products company’s stock valued at $10,575,000 after acquiring an additional 3,792 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Donaldson by 21.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 110,437 shares of the industrial products company’s stock worth $8,245,000 after purchasing an additional 19,670 shares in the last quarter. SG Americas Securities LLC raised its holdings in Donaldson by 254.5% during the first quarter. SG Americas Securities LLC now owns 22,386 shares of the industrial products company’s stock worth $1,672,000 after purchasing an additional 16,071 shares in the last quarter. Finally, Norden Group LLC acquired a new stake in Donaldson during the first quarter worth approximately $933,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Stifel Nicolaus cut their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.67.

Insider Activity

In related news, Director James Owens sold 5,210 shares of Donaldson stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total value of $373,765.40. Following the transaction, the director now directly owns 17,788 shares in the company, valued at $1,276,111.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, President Thomas R. Scalf sold 2,500 shares of Donaldson stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total value of $182,900.00. Following the transaction, the president now directly owns 28,334 shares in the company, valued at $2,072,915.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James Owens sold 5,210 shares of Donaldson stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total transaction of $373,765.40. Following the completion of the transaction, the director now owns 17,788 shares in the company, valued at approximately $1,276,111.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 167,805 shares of company stock valued at $12,310,222 in the last ninety days. 2.58% of the stock is currently owned by company insiders.

Donaldson Stock Performance

Shares of Donaldson stock opened at $74.94 on Wednesday. The firm’s fifty day simple moving average is $72.95 and its 200-day simple moving average is $72.90. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 1.92 and a beta of 1.04. Donaldson Company, Inc. has a 12 month low of $57.05 and a 12 month high of $78.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23.

Donaldson (NYSE:DCI) last announced its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $935.40 million for the quarter, compared to analysts’ expectations of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. As a group, equities analysts forecast that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Donaldson Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.