Assenagon Asset Management S.A. Raises Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Assenagon Asset Management S.A. grew its position in Donaldson Company, Inc. (NYSE:DCI) by 169.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,908 shares of the industrial products company’s stock after buying an additional 95,473 shares during the period. Assenagon Asset Management S.A. owned 0.13% of Donaldson worth $11,196,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. increased its stake in Donaldson by 359.2% during the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 273 shares during the last quarter. Park Place Capital Corp acquired a new stake in shares of Donaldson during the 1st quarter worth about $27,000. Versant Capital Management Inc lifted its position in Donaldson by 1,372.2% in the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after buying an additional 494 shares during the last quarter. Mather Group LLC. boosted its stake in Donaldson by 408.1% during the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock worth $38,000 after buying an additional 404 shares during the period. Finally, V Square Quantitative Management LLC increased its position in shares of Donaldson by 52.0% during the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 207 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

DCI has been the topic of several recent analyst reports. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. Stifel Nicolaus lowered their price target on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $69.67.

Insider Buying and Selling at Donaldson

In other news, Director Willard D. Oberton sold 2,700 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $73.37, for a total transaction of $198,099.00. Following the completion of the transaction, the director now directly owns 27,983 shares of the company’s stock, valued at approximately $2,053,112.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Willard D. Oberton sold 2,700 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $73.37, for a total transaction of $198,099.00. Following the completion of the transaction, the director now owns 27,983 shares in the company, valued at approximately $2,053,112.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Thomas R. Scalf sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total value of $182,900.00. Following the completion of the sale, the president now owns 28,334 shares in the company, valued at approximately $2,072,915.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 167,805 shares of company stock valued at $12,310,222 in the last quarter. Corporate insiders own 2.58% of the company’s stock.

Donaldson Trading Up 0.8 %

Shares of DCI stock opened at $74.88 on Monday. Donaldson Company, Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $78.03. The company has a 50 day moving average price of $72.86 and a 200 day moving average price of $72.89. The stock has a market capitalization of $9.02 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 1.92 and a beta of 1.04. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84.

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

Donaldson 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.