The stock of Donaldson Company, Inc. (NYSE:DCI) hit a new 52-week high and has $58.53 target or 51.00% above today’s $38.76 share price. The 7 months bullish chart indicates low risk for the $5.18 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $58.53 price target is reached, the company will be worth $2.64 billion 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. The stock increased 3.75% or $1.4 during the last trading session, hitting $38.76. About 827,464 shares traded hands or 44.94% up from the average. Donaldson Company, Inc. (NYSE:DCI) has risen 22.57% since April 7, 2016 and is uptrending. It has outperformed by 17.79% 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) has “Neutral” rating given on Tuesday, November 3 by Suntrust Robinson. Avondale maintained it with “Market Perform” rating and $36 target price in Monday, March 21 report. The stock of Donaldson Company, Inc. (NYSE:DCI) earned “Neutral” rating by SunTrust on Tuesday, November 3. The firm has “Neutral” rating by Robert W. Baird given on Friday, September 9. The stock of Donaldson Company, Inc. (NYSE:DCI) has “Market Perform” rating given on Monday, September 7 by William Blair. On Wednesday, September 2 the stock rating was upgraded by Zacks to “Hold”.
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 decreased to 1.14 in 2016 Q2. Its down 0.28, from 1.42 in 2016Q1. The ratio dropped, 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.
Clinton Group reported 26,801 shares or 0.04% of all its holdings. Dubuque Retail Bank Tru, a Iowa-based fund reported 10,380 shares. Broderick Brian C, a Massachusetts-based fund reported 11,456 shares. California State Teachers Retirement Sys holds 0.02% or 269,050 shares in its portfolio. Swiss Fincl Bank holds 0.01% or 213,700 shares in its portfolio. Regions Finance Corp holds 0.01% of its portfolio in Donaldson Company, Inc. (NYSE:DCI) for 26,835 shares. Moreover, Ls Inv Lc has 0.02% invested in Donaldson Company, Inc. (NYSE:DCI) for 7,625 shares. The New York-based Seven Eight Cap Ltd Liability Company has invested 0.26% in Donaldson Company, Inc. (NYSE:DCI). Westport has invested 0% of its portfolio in Donaldson Company, Inc. (NYSE:DCI). Huntington National Bank & Trust accumulated 0% or 1,114 shares. Da Davidson reported 9,043 shares or 0.01% of all its holdings. World Asset Mgmt has 6,037 shares for 0.01% of their US portfolio. 1832 Asset Management Limited Partnership reported 738 shares or 0% of all its holdings. First Allied Advisory Services accumulated 6,016 shares or 0.01% of the stock. Zevin Asset Mgmt Limited Liability holds 0.13% or 14,108 shares in its portfolio.
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 3 insider sales for $1.32 million net activity. 14,400 shares were sold by HOFFMAN MICHAEL J, worth $525,888 on Tuesday, June 7. $523,008 worth of Donaldson Company, Inc. (NYSE:DCI) shares were sold by WIEHOFF JOHN. The insider OBERTON WILLARD D sold $270,470.
More recent Donaldson Company, Inc. (NYSE:DCI) news were published by: Equitiesfocus.com which released: “Donaldson Company, Inc. (NYSE:DCI) Short-Term Price Target At $36.00” on November 09, 2016. Also Seekingalpha.com published the news titled: “Donaldson Company Inc. 2016 Outlook: Challenges And Growth Ahead” on January 28, 2016. Businesswire.com‘s news article titled: “Donaldson Announces Two Officer Changes” with publication date: December 04, 2015 was also an interesting one.
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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