Donaldson Company, Inc. (NYSE:DCI) Holdings Lifted by Amalgamated Bank

Amalgamated Bank grew its holdings in Donaldson Company, Inc. (NYSE:DCI) by 52.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,843 shares of the industrial products company’s stock after purchasing an additional 10,268 shares during the period. Amalgamated Bank’s holdings in Donaldson were worth $1,295,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DCI. Oregon Public Employees Retirement Fund increased its holdings in shares of Donaldson by 4,293.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,243,003 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 2,191,949 shares during the period. Morgan Stanley increased its holdings in shares of Donaldson by 95.8% in the 3rd quarter. Morgan Stanley now owns 615,574 shares of the industrial products company’s stock valued at $35,863,000 after purchasing an additional 301,214 shares during the period. FMR LLC increased its holdings in shares of Donaldson by 6.9% in the 3rd quarter. FMR LLC now owns 3,680,033 shares of the industrial products company’s stock valued at $214,399,000 after purchasing an additional 237,633 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Donaldson by 167.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 238,445 shares of the industrial products company’s stock valued at $13,892,000 after buying an additional 149,144 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Donaldson by 511.3% in the 4th quarter. First Trust Advisors LP now owns 160,724 shares of the industrial products company’s stock valued at $6,974,000 after buying an additional 134,430 shares in the last quarter. Institutional investors own 79.85% of the company’s stock.

Separately, Zacks Investment Research cut Donaldson from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. Six analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $55.25.

Shares of NYSE DCI traded up $0.88 during trading hours on Friday, hitting $53.25. The stock had a trading volume of 263,441 shares, compared to its average volume of 439,858. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 2.12 and a beta of 1.43. Donaldson Company, Inc. has a 52 week low of $40.27 and a 52 week high of $59.43. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 2.35.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Wednesday, March 6th. The industrial products company reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.04). The firm had revenue of $703.70 million during the quarter, compared to the consensus estimate of $719.40 million. Donaldson had a net margin of 10.82% and a return on equity of 32.75%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS. On average, analysts predict that Donaldson Company, Inc. will post 2.33 EPS for the current year.

In related news, Director Douglas A. Milroy bought 560 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was purchased at an average price of $49.05 per share, with a total value of $27,468.00. Following the completion of the transaction, the director now directly owns 4,449 shares of the company’s stock, valued at $218,223.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Tod E. Carpenter sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $50.02, for a total value of $200,080.00. Following the sale, the chairman now directly owns 102,037 shares of the company’s stock, valued at approximately $5,103,890.74. The disclosure for this sale can be found here. 1.35% of the stock is owned by corporate insiders.

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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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