White Pine Capital LLC Cuts Holdings in Donaldson Company, Inc. (NYSE:DCI)

White Pine Capital LLC trimmed its position in Donaldson Company, Inc. (NYSE:DCI) by 3.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,911 shares of the industrial products company’s stock after selling 815 shares during the period. White Pine Capital LLC’s holdings in Donaldson were worth $1,367,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DCI. Fuller & Thaler Asset Management Inc. grew its stake in Donaldson by 37.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 982,485 shares of the industrial products company’s stock worth $58,595,000 after purchasing an additional 265,311 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Donaldson by 809.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 277,788 shares of the industrial products company’s stock valued at $18,153,000 after acquiring an additional 247,243 shares during the period. Invesco Ltd. boosted its stake in Donaldson by 16.3% in the third quarter. Invesco Ltd. now owns 809,491 shares of the industrial products company’s stock valued at $48,278,000 after acquiring an additional 113,624 shares during the period. FMR LLC boosted its stake in Donaldson by 2.6% in the third quarter. FMR LLC now owns 4,440,692 shares of the industrial products company’s stock valued at $264,843,000 after acquiring an additional 113,591 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Donaldson by 15.8% in the third quarter. AQR Capital Management LLC now owns 698,571 shares of the industrial products company’s stock valued at $41,621,000 after acquiring an additional 95,423 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Performance

Shares of DCI traded up $0.07 during mid-day trading on Friday, reaching $72.27. 268,103 shares of the company’s stock traded hands, compared to its average volume of 449,782. Donaldson Company, Inc. has a 12 month low of $57.05 and a 12 month high of $75.44. The stock has a market capitalization of $8.70 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. The business’s 50-day moving average price is $72.26 and its 200-day moving average price is $65.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.99 and a current ratio of 1.47.

Donaldson (NYSE:DCI) last announced its earnings results on Wednesday, February 28th. The industrial products company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. Donaldson had a return on equity of 28.52% and a net margin of 10.82%. The firm had revenue of $876.70 million for the quarter, compared to analysts’ expectations of $874.34 million. During the same quarter in the previous year, the company earned $0.75 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities analysts predict that Donaldson Company, Inc. will post 3.28 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Robert W. Baird lifted their target price on Donaldson from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Morgan Stanley began coverage on Donaldson in a report on Monday, January 8th. They set an “underweight” rating and a $59.00 price target on the stock. Finally, StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Donaldson currently has an average rating of “Hold” and a consensus price target of $67.50.

Insider Buying and Selling

In related news, President Thomas R. Scalf sold 7,680 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $71.09, for a total transaction of $545,971.20. Following the sale, the president now owns 34,334 shares of the company’s stock, valued at $2,440,804.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Donaldson news, President Thomas R. Scalf sold 3,027 shares of Donaldson stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $73.09, for a total value of $221,243.43. Following the transaction, the president now owns 34,334 shares in the company, valued at $2,509,472.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Thomas R. Scalf sold 7,680 shares of Donaldson stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $71.09, for a total transaction of $545,971.20. Following the completion of the transaction, the president now owns 34,334 shares in the company, valued at approximately $2,440,804.06. The disclosure for this sale can be found here. Insiders have sold a total of 79,407 shares of company stock valued at $5,817,942 over the last quarter. Corporate insiders own 2.58% of the company’s stock.

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.