WINTON GROUP Ltd cut its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,939 shares of the industrial products company’s stock after selling 774 shares during the period. WINTON GROUP Ltd’s holdings in Donaldson were worth $1,267,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of DCI. Fifth Third Bancorp lifted its position in Donaldson by 257.3% during the first quarter. Fifth Third Bancorp now owns 786 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 566 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Donaldson by 137.2% during the first quarter. Captrust Financial Advisors now owns 1,122 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 649 shares during the period. Maverick Capital Ltd. bought a new position in shares of Donaldson during the first quarter worth approximately $139,000. Cullen Frost Bankers Inc. increased its holdings in shares of Donaldson by 12.5% during the second quarter. Cullen Frost Bankers Inc. now owns 2,813 shares of the industrial products company’s stock worth $179,000 after purchasing an additional 313 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Donaldson during the first quarter worth approximately $203,000. Hedge funds and other institutional investors own 79.36% of the company’s stock.
Shares of NYSE:DCI opened at $60.14 on Wednesday. The company’s 50 day simple moving average is $65.66 and its 200 day simple moving average is $62.81. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 2.16 and a beta of 1.33. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.05 and a quick ratio of 1.42. Donaldson Company, Inc. has a 1 year low of $45.21 and a 1 year high of $69.35.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 31st. Investors of record on Monday, August 16th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, August 13th. This represents a $0.88 dividend on an annualized basis and a yield of 1.46%. Donaldson’s dividend payout ratio (DPR) is 37.93%.
DCI has been the topic of several recent research reports. Robert W. Baird raised their target price on shares of Donaldson from $71.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, September 3rd. Morgan Stanley lowered their target price on shares of Donaldson from $79.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, September 3rd. Finally, Zacks Investment Research raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Friday, July 9th.
Donaldson Co, Inc engages in the manufacture of filtration systems and replacement parts. It operates through the following segments: Engine Products and Industrial Products. The Engine Products segment includes replacement filters for both air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.
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