The stock of Donaldson Company, Inc. (NYSE:DCI) hit a new 52-week high and has $47.00 target or 4.00% above today’s $45.19 share price. The 8 months bullish chart indicates low risk for the $6.07 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $47.00 price target is reached, the company will be worth $242.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.50M shares traded hands or 342.02% up from the average. Donaldson Company, Inc. (NYSE:DCI) has risen 23.66% since April 28, 2016 and is uptrending. It has outperformed by 17.73% the S&P500.
Donaldson Company, Inc. (NYSE:DCI) Ratings Coverage
Out of 6 analysts covering Donaldson Company (NYSE:DCI), 0 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 0 are positive. Donaldson Company has been the topic of 7 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The stock of Donaldson Company, Inc. (NYSE:DCI) earned “Neutral” rating by Robert W. Baird on Friday, September 9. The rating was initiated by SunTrust with “Neutral” on Tuesday, November 3. The rating was upgraded by Zacks on Wednesday, September 2 to “Hold”. The company was maintained on Monday, March 21 by Avondale. As per Monday, September 7, the company rating was maintained by William Blair. On Tuesday, November 3 the stock rating was initiated by Suntrust Robinson with “Neutral”.
According to Zacks Investment Research, “Donaldson Company, Inc. is a worldwide manufacturer of air cleaners, liquid filters and exhaust products and accessories for heavy duty mobile equipment; in-plant air cleaning systems; air intake systems and exhaust products for industrial gas turbines; and specialized filters for diverse applications. The Company has one industry segment which consists of the design, manufacture and sale of products to filter air, sound and liquid.”
Insitutional Activity: The institutional sentiment increased to 1.28 in 2016 Q2. Its up 0.14, from 1.14 in 2016Q1. The ratio increased, as 18 funds sold all Donaldson Company, Inc. shares owned while 99 reduced positions. 39 funds bought stakes while 94 increased positions. They now own 107.30 million shares or 3.10% less from 110.73 million shares in 2016Q1.
State Teachers Retirement Systems owns 211,239 shares or 0.02% of their US portfolio. Franklin has 3.55 million shares for 0.07% of their US portfolio. Rk Capital Limited Co, a Colorado-based fund reported 305,600 shares. Blackrock accumulated 0.01% or 181,610 shares. Natl Bank Of America Corp De has invested 0% of its portfolio in Donaldson Company, Inc. (NYSE:DCI). Savings Bank Of Montreal Can reported 85,274 shares or 0% of all its holdings. Ameritas Ptnrs last reported 19,549 shares in the company. Teachers Retirement Systems Of The State Of Kentucky has invested 0.01% of its portfolio in Donaldson Company, Inc. (NYSE:DCI). 1St Incorporated, a Texas-based fund reported 7,381 shares. Utah Retirement has 23,047 shares for 0.02% of their US portfolio. Quantum Capital Mgmt Ltd Liability Corporation Nj accumulated 5.29% or 469,619 shares. Calvert Invest Management holds 0.02% or 9,985 shares in its portfolio. Jnba Financial Advisors has 214 shares for 0% of their US portfolio. Agf, a Ontario – Canada-based fund reported 353,088 shares. Bokf Na accumulated 7,965 shares or 0.01% of the stock.
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 3 selling transactions for $1.32 million net activity. 14,400 Donaldson Company, Inc. (NYSE:DCI) shares with value of $523,008 were sold by WIEHOFF JOHN. Shares for $525,888 were sold by HOFFMAN MICHAEL J on Tuesday, June 7. OBERTON WILLARD D had sold 7,400 shares worth $270,470.
DCI Company Profile
Donaldson Company, Inc., incorporated on December 24, 1936, is a maker of filtration systems and replacement parts. The Company’s divisions 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 Firm offers its products under the Ultra-Web, PowerCore and Donaldson brands. The Company’s sales and manufacturing activities are located throughout the world, with concentrations in the Americas, Europe and Asia. The Company’s distribution centers are located in Australia, Belgium, Indiana, Indonesia, Mexico, Slovakia and South Africa.
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