Atria Investments Inc Purchases 620 Shares of Donaldson Company, Inc. (NYSE:DCI)

Atria Investments Inc grew its stake in Donaldson Company, Inc. (NYSE:DCI) by 7.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 9,301 shares of the industrial products company’s stock after purchasing an additional 620 shares during the period. Atria Investments Inc’s holdings in Donaldson were worth $685,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in shares of Donaldson by 11.1% in the first quarter. Janney Montgomery Scott LLC now owns 3,523 shares of the industrial products company’s stock worth $263,000 after buying an additional 351 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Donaldson by 31.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 14,308 shares of the industrial products company’s stock worth $1,058,000 after buying an additional 3,464 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Donaldson by 22.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,970 shares of the industrial products company’s stock worth $595,000 after buying an additional 1,487 shares during the period. Seven Eight Capital LP purchased a new position in Donaldson during the 1st quarter worth $615,000. Finally, CANADA LIFE ASSURANCE Co increased its holdings in Donaldson by 21.7% during the 1st 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 during the period. 82.81% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Willard D. Oberton sold 2,700 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $73.37, for a total value of $198,099.00. Following the completion of the sale, the director now owns 27,983 shares of the company’s stock, valued at $2,053,112.71. This trade represents a 8.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Owens sold 5,210 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the completion of the sale, the director now directly owns 17,788 shares of the company’s stock, valued at $1,276,111.12. The trade was a 22.65 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 167,805 shares of company stock worth $12,310,222. 2.70% of the stock is currently owned by company insiders.

Donaldson Trading Down 1.0 %

Shares of NYSE:DCI opened at $75.27 on Wednesday. Donaldson Company, Inc. has a 12-month low of $58.75 and a 12-month high of $78.71. The business’s fifty day simple moving average is $74.08 and its 200-day simple moving average is $73.28. The company has a market capitalization of $9.01 billion, a PE ratio of 22.27, a P/E/G ratio of 2.01 and a beta of 1.04. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32.

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

Wall Street Analyst Weigh In

Several research analysts have commented on DCI shares. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. Stifel Nicolaus reduced their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $69.67.

Donaldson Company 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.