American International Group Inc. cut its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 2.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 255,797 shares of the industrial products company’s stock after selling 5,615 shares during the quarter. American International Group Inc.’s holdings in Donaldson were worth $12,805,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in 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 acquiring an additional 149,144 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in Donaldson by 4.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 38,550 shares of the industrial products company’s stock valued at $2,246,000 after acquiring an additional 1,750 shares in the last quarter. Vanguard Group Inc raised its holdings in Donaldson by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 12,475,701 shares of the industrial products company’s stock valued at $726,835,000 after acquiring an additional 84,864 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Donaldson in the 4th quarter valued at $253,000. Finally, Advisors Preferred LLC acquired a new position in Donaldson in the 4th quarter valued at $107,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Shares of NYSE DCI opened at $50.66 on Friday. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 1.99 and a beta of 1.44. The company has a quick ratio of 1.61, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. Donaldson Company, Inc. has a fifty-two week low of $40.27 and a fifty-two week high of $59.43.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Wednesday, March 6th. The industrial products company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). Donaldson had a return on equity of 32.75% and a net margin of 10.82%. The business had revenue of $703.70 million for the quarter, compared to analyst estimates of $719.40 million. During the same period last year, the firm posted $0.43 EPS. Donaldson’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts forecast that Donaldson Company, Inc. will post 2.33 EPS for the current fiscal year.

In other news, Chairman Tod E. Carpenter sold 4,000 shares of the business’s stock in a transaction on Friday, March 29th. The stock was sold at an average price of $50.02, for a total transaction of $200,080.00. Following the completion of the transaction, the chairman now owns 102,037 shares of the company’s stock, valued at approximately $5,103,890.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Willard D. Oberton sold 14,400 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $49.10, for a total value of $707,040.00. Following the transaction, the director now directly owns 33,172 shares of the company’s stock, valued at approximately $1,628,745.20. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by insiders.

Separately, Zacks Investment Research raised Donaldson from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Six investment analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of $55.25.

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Donaldson Profile

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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