Cooke & Bieler LP Cuts Stake in Donaldson Company, Inc. (DCI)

Cooke & Bieler LP lowered its stake in Donaldson Company, Inc. (NYSE:DCI) by 26.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,513,379 shares of the industrial products company’s stock after selling 535,733 shares during the period. Cooke & Bieler LP’s holdings in Donaldson Company were worth $68,889,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Donaldson Company during the fourth quarter valued at approximately $42,611,000. Bank of New York Mellon Corp increased its stake in Donaldson Company by 25.9% in the first quarter. Bank of New York Mellon Corp now owns 2,411,896 shares of the industrial products company’s stock valued at $109,787,000 after buying an additional 496,064 shares during the last quarter. Renaissance Technologies LLC increased its stake in Donaldson Company by 185.4% in the fourth quarter. Renaissance Technologies LLC now owns 542,000 shares of the industrial products company’s stock valued at $22,807,000 after buying an additional 352,100 shares during the last quarter. Two Sigma Investments LP increased its stake in Donaldson Company by 1,094.0% in the fourth quarter. Two Sigma Investments LP now owns 363,314 shares of the industrial products company’s stock valued at $15,288,000 after buying an additional 332,885 shares during the last quarter. Finally, BTIM Corp. increased its stake in Donaldson Company by 29.3% in the first quarter. BTIM Corp. now owns 1,025,833 shares of the industrial products company’s stock valued at $46,696,000 after buying an additional 232,193 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Donaldson Company (NYSE:DCI)

Donaldson Company, Inc. (NYSE:DCI) traded up 1.85% during midday trading on Friday, hitting $46.78. 484,413 shares of the stock traded hands. The stock has a market capitalization of $6.18 billion, a P/E ratio of 28.70 and a beta of 0.98. The stock’s 50-day moving average price is $45.93 and its 200-day moving average price is $43.32. Donaldson Company, Inc. has a 52 week low of $31.52 and a 52 week high of $47.68.

Donaldson Company (NYSE:DCI) last issued its quarterly earnings results on Wednesday, March 1st. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Donaldson Company had a net margin of 9.41% and a return on equity of 27.42%. The company had revenue of $550.60 million during the quarter, compared to analysts’ expectations of $521.99 million. During the same period last year, the company posted $0.29 EPS. Donaldson Company’s revenue was up 6.5% on a year-over-year basis. Equities research analysts expect that Donaldson Company, Inc. will post ($0.38) EPS for the current fiscal year.

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Separately, Zacks Investment Research downgraded shares of Donaldson Company from a “buy” rating to a “hold” rating in a research report on Wednesday, February 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $44.00.

In related news, Director Willard D. Oberton sold 14,400 shares of Donaldson Company stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $44.86, for a total transaction of $645,984.00. Following the completion of the transaction, the director now directly owns 28,057 shares of the company’s stock, valued at approximately $1,258,637.02. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.88% of the company’s stock.

Donaldson Company Company Profile

Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 42 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.

12 Month Chart for NYSE:DCI

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