The stock of Donaldson Company, Inc. (NYSE:DCI) reached all time high today, Dec, 1 and still has $49.75 target or 9.00% above today’s $45.64 share price. This indicates more upside for the $6.14 billion company. This technical setup was reported by Barchart.com. If the $49.75 PT is reached, the company will be worth $552.60M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 758,129 shares traded hands or 34.04% 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) has “Market Perform” rating given on Monday, September 7 by William Blair. As per Tuesday, November 3, the company rating was initiated by SunTrust. The stock of Donaldson Company, Inc. (NYSE:DCI) earned “Market Perform” rating by Avondale on Monday, March 21. The stock of Donaldson Company, Inc. (NYSE:DCI) has “Neutral” rating given on Tuesday, November 3 by Suntrust Robinson. As per Friday, September 9, the company rating was maintained by Robert W. Baird. The firm has “Hold” rating given on Wednesday, September 2 by Zacks.
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.
Financial Bank Of Montreal Can last reported 0% of its portfolio in the stock. North Star Management holds 0.53% or 83,625 shares in its portfolio. The New York-based Gabelli Funds Ltd Limited Liability Company has invested 0.23% in Donaldson Company, Inc. (NYSE:DCI). Seven Eight Cap Limited Com holds 0.26% or 21,800 shares in its portfolio. Allen Invest Ltd Liability Corp holds 0.04% or 16,000 shares in its portfolio. Engineers Gate Manager L P owns 29,996 shares or 0.07% of their US portfolio. Schwartz Investment Counsel last reported 896,500 shares in the company. The United Kingdom-based Mondrian Investment Prtn Limited has invested 0.04% in Donaldson Company, Inc. (NYSE:DCI). Kbc Gp Nv last reported 2,501 shares in the company. Invesco holds 92,704 shares or 0% of its portfolio. Alliancebernstein Lp holds 0% of its portfolio in Donaldson Company, Inc. (NYSE:DCI) for 89,018 shares. Checchi Capital Advisers Ltd Llc has 930 shares for 0% of their US portfolio. Redmond Asset Mngmt Ltd has 40,676 shares for 0.7% of their US portfolio. Ridgeworth Limited Liability Com last reported 0.18% of its portfolio in the stock. State Treasurer State Of Michigan has 0.02% invested in the company for 81,620 shares.
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 3 selling transactions for $1.32 million net activity. 14,400 shares were sold by HOFFMAN MICHAEL J, worth $525,888. Shares for $523,008 were sold by WIEHOFF JOHN on Wednesday, September 14. $270,470 worth of Donaldson Company, Inc. (NYSE:DCI) shares were sold by OBERTON WILLARD D.
Another recent and important Donaldson Company, Inc. (NYSE:DCI) news was published by Nasdaq.com which published an article titled: “Donaldson Company, Inc. (DCI) Ex-Dividend Date Scheduled for December 02, 2016” on December 01, 2016.
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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