Fenimore Asset Management Inc. cut its stake in Donaldson Co. (NYSE:DCI) by 0.1% during the third quarter, Holdings Channel reports. The firm owned 1,278,092 shares of the company’s stock after selling 650 shares during the period. Donaldson makes up about 2.3% of Fenimore Asset Management Inc.’s holdings, making the stock its 15th largest position. Fenimore Asset Management Inc.’s holdings in Donaldson were worth $47,711,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Creative Planning boosted its stake in shares of Donaldson by 0.3% in the third quarter. Creative Planning now owns 81,762 shares of the company’s stock valued at $3,052,000 after buying an additional 209 shares during the period. Dynamic Advisors Solutions LLC boosted its stake in shares of Donaldson by 1.3% in the third quarter. Dynamic Advisors Solutions LLC now owns 13,680 shares of the company’s stock valued at $511,000 after buying an additional 175 shares during the period. Cobiz Investment Management LLC boosted its stake in shares of Donaldson by 1.0% in the third quarter. Cobiz Investment Management LLC now owns 10,548 shares of the company’s stock valued at $394,000 after buying an additional 100 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Donaldson by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 42,965 shares of the company’s stock valued at $1,604,000 after buying an additional 852 shares during the period. Finally, Advisory Services Network LLC boosted its stake in shares of Donaldson by 246.1% in the third quarter. Advisory Services Network LLC now owns 6,452 shares of the company’s stock valued at $241,000 after buying an additional 4,588 shares during the period. Institutional investors and hedge funds own 81.74% of the company’s stock.
Shares of Donaldson Co. (NYSE:DCI) traded up 1.287% during midday trading on Wednesday, hitting $36.595. 427,177 shares of the company traded hands. The stock has a market capitalization of $4.86 billion, a PE ratio of 25.771 and a beta of 1.05. Donaldson Co. has a 52 week low of $25.21 and a 52 week high of $38.65. The stock has a 50 day moving average of $37.03 and a 200-day moving average of $34.91.
Donaldson (NYSE:DCI) last posted its quarterly earnings results on Thursday, September 8th. The company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $593 million for the quarter, compared to the consensus estimate of $594.80 million. Donaldson had a net margin of 8.59% and a return on equity of 27.06%. Donaldson’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. Equities analysts forecast that Donaldson Co. will post ($0.12) earnings per share for the current fiscal year.
Several analysts have weighed in on the stock. Robert W. Baird lifted their price objective on shares of Donaldson from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, September 9th. Zacks Investment Research raised shares of Donaldson from a “sell” rating to a “hold” rating in a report on Monday, August 29th. Finally, TheStreet raised shares of Donaldson from a “hold” rating to a “buy” rating in a report on Friday, June 24th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Donaldson presently has a consensus rating of “Hold” and an average price target of $36.60.
In related news, Director John Wiehoff sold 14,400 shares of the stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $36.32, for a total transaction of $523,008.00. Following the completion of the transaction, the director now owns 56,877 shares in the company, valued at $2,065,772.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.88% of the company’s stock.
Donaldson Company, Inc is a provider and manufacturer of filtration systems and replacement parts. The Company serves customers in the industrial and engine markets, including dust collection, power generation, specialty filtration, compressed air purification, off-road equipment, industrial compressors, heavy trucks and light vehicles.