Rothschild Capital Partners LLC Lowers Stake in Donaldson Company, Inc. (DCI)

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Rothschild Capital Partners LLC lowered its holdings in Donaldson Company, Inc. (NYSE:DCI) by 7.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 60,379 shares of the industrial products company’s stock after selling 4,582 shares during the quarter. Donaldson makes up approximately 1.6% of Rothschild Capital Partners LLC’s investment portfolio, making the stock its 27th largest holding. Rothschild Capital Partners LLC’s holdings in Donaldson were worth $3,518,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its holdings in Donaldson by 0.4% during the 2nd quarter. BlackRock Inc. now owns 11,222,657 shares of the industrial products company’s stock worth $506,366,000 after acquiring an additional 39,755 shares during the period. Janus Henderson Group PLC grew its stake in Donaldson by 9.2% in the 2nd quarter. Janus Henderson Group PLC now owns 4,360,680 shares of the industrial products company’s stock worth $196,754,000 after buying an additional 368,578 shares in the last quarter. FMR LLC grew its stake in Donaldson by 101.2% in the 2nd quarter. FMR LLC now owns 3,442,400 shares of the industrial products company’s stock worth $155,321,000 after buying an additional 1,731,506 shares in the last quarter. BTIM Corp. grew its stake in Donaldson by 1.8% in the 2nd quarter. BTIM Corp. now owns 1,593,514 shares of the industrial products company’s stock worth $71,900,000 after buying an additional 28,665 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its stake in Donaldson by 10.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,282,156 shares of the industrial products company’s stock worth $57,851,000 after buying an additional 119,548 shares in the last quarter. 80.77% of the stock is currently owned by institutional investors.

In other news, Director Willard D. Oberton sold 14,400 shares of the company’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $56.85, for a total value of $818,640.00. Following the completion of the sale, the director now owns 30,451 shares of the company’s stock, valued at approximately $1,731,139.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard Brent Lewis sold 3,209 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $58.99, for a total transaction of $189,298.91. Following the completion of the sale, the vice president now directly owns 4,000 shares of the company’s stock, valued at approximately $235,960. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by corporate insiders.

A number of equities analysts have commented on DCI shares. Oppenheimer reissued a “hold” rating on shares of Donaldson in a research note on Thursday, September 6th. Stifel Nicolaus reissued a “hold” rating and issued a $54.00 price target (up previously from $46.00) on shares of Donaldson in a research note on Thursday, September 6th. Zacks Investment Research raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Monday, September 10th. Finally, ValuEngine raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $56.75.

Shares of Donaldson stock opened at $51.27 on Thursday. Donaldson Company, Inc. has a 52-week low of $43.35 and a 52-week high of $59.43. The firm has a market capitalization of $6.56 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 1.88 and a beta of 1.18. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.40 and a quick ratio of 1.69.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, September 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.58. Donaldson had a net margin of 6.59% and a return on equity of 31.09%. The company had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $727.79 million. During the same quarter in the prior year, the company earned $0.51 EPS. The firm’s revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts forecast that Donaldson Company, Inc. will post 2.37 EPS for the current year.

About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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