Trade Report: The Bank of Montreal Can Acquires Shares of 85,274 Donaldson Co. (DCI)

The Bank of Montreal Can Acquires Shares of 85,274 Donaldson Co. (DCI)

Bank of Montreal Can purchased a new position in Donaldson Co. (NYSE:DCI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 85,274 shares of the company’s stock, valued at approximately $2,930,000.

A number of other institutional investors also recently added to or reduced their stakes in DCI. Aperio Group LLC boosted its position in Donaldson by 23.0% in the first quarter. Aperio Group LLC now owns 43,292 shares of the company’s stock worth $1,381,000 after buying an additional 8,098 shares in the last quarter. Teachers Advisors Inc. boosted its position in Donaldson by 17.0% in the first quarter. Teachers Advisors Inc. now owns 123,586 shares of the company’s stock worth $3,944,000 after buying an additional 18,000 shares in the last quarter. Prudential Financial Inc. boosted its position in Donaldson by 53.6% in the first quarter. Prudential Financial Inc. now owns 114,641 shares of the company’s stock worth $3,658,000 after buying an additional 40,000 shares in the last quarter. BlackRock Inc. boosted its position in Donaldson by 262.2% in the first quarter. BlackRock Inc. now owns 165,043 shares of the company’s stock worth $5,267,000 after buying an additional 119,471 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in Donaldson by 18.5% in the first quarter. BlackRock Group LTD now owns 85,875 shares of the company’s stock worth $2,740,000 after buying an additional 13,404 shares in the last quarter. 81.71% of the stock is owned by institutional investors and hedge funds.

Shares of Donaldson Co. (NYSE:DCI) traded up 0.22% during midday trading on Monday, reaching $36.63. 492,655 shares of the company’s stock traded hands. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 25.80 and a beta of 1.05. Donaldson Co. has a one year low of $25.21 and a one year high of $38.65. The company has a 50-day moving average of $36.91 and a 200-day moving average of $35.04.

Donaldson (NYSE:DCI) last released its earnings results on Thursday, September 8th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by $0.03. Donaldson had a return on equity of 27.06% and a net margin of 8.59%. The firm had revenue of $593 million for the quarter, compared to the consensus estimate of $594.80 million. During the same quarter in the previous year, the business posted $0.45 EPS. Donaldson’s revenue was down 2.8% on a year-over-year basis. Equities research analysts anticipate that Donaldson Co. will post ($0.12) EPS for the current year.

A number of equities research analysts have recently issued reports on the stock. TheStreet raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, June 24th. Zacks Investment Research cut shares of Donaldson from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Finally, Robert W. Baird upped their price objective on shares of Donaldson from $36.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, September 9th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Donaldson presently has an average rating of “Hold” and a consensus price target of $36.60.

In other Donaldson news, Director John Wiehoff sold 14,400 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $36.32, for a total transaction of $523,008.00. Following the sale, the director now owns 56,877 shares in the company, valued at approximately $2,065,772.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.88% of the company’s stock.

Donaldson Company Profile

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.

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