1832 Asset Management L.P. Has $18.69 Million Position in Donaldson Company, Inc. (NYSE:DCI)

1832 Asset Management L.P. lowered its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 20.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,262 shares of the industrial products company’s stock after selling 64,404 shares during the quarter. 1832 Asset Management L.P. owned 0.21% of Donaldson worth $18,690,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Park Place Capital Corp acquired a new stake in shares of Donaldson during the first quarter worth about $27,000. Lindbrook Capital LLC raised its position in Donaldson by 58.2% in the 4th quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock valued at $31,000 after buying an additional 174 shares during the last quarter. YHB Investment Advisors Inc. acquired a new stake in Donaldson in the 1st quarter valued at approximately $32,000. Global Retirement Partners LLC raised its position in Donaldson by 1,252.6% in the 1st quarter. Global Retirement Partners LLC now owns 514 shares of the industrial products company’s stock valued at $38,000 after buying an additional 476 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Donaldson by 65.5% in the 4th quarter. Blue Trust Inc. now owns 753 shares of the industrial products company’s stock valued at $45,000 after buying an additional 298 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Performance

NYSE DCI traded up $1.21 on Friday, reaching $74.29. The stock had a trading volume of 367,826 shares, compared to its average volume of 412,823. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.30. The firm has a fifty day moving average of $72.75 and a two-hundred day moving average of $71.23. Donaldson Company, Inc. has a 1-year low of $57.05 and a 1-year high of $78.03. The company has a market cap of $8.94 billion, a P/E ratio of 23.00, a price-to-earnings-growth ratio of 2.10 and a beta of 1.05.

Donaldson (NYSE:DCI) last released its earnings results on Tuesday, June 4th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.08. The company had revenue of $927.90 million for the quarter, compared to analyst estimates of $915.84 million. Donaldson had a return on equity of 29.00% and a net margin of 11.22%. Donaldson’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 EPS. On average, equities research analysts anticipate that Donaldson Company, Inc. will post 3.37 EPS for the current year.

Donaldson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were given a dividend of $0.27 per share. This is an increase from Donaldson’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Monday, June 17th. Donaldson’s dividend payout ratio is currently 33.44%.

Insider Buying and Selling

In related news, CFO Scott J. Robinson sold 37,600 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the completion of the sale, the chief financial officer now directly owns 37,702 shares in the company, valued at approximately $2,675,710.94. The sale was disclosed in a filing with the SEC, which is available through this link. 2.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Robert W. Baird dropped their target price on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Raymond James assumed coverage on Donaldson in a report on Friday, June 28th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Donaldson currently has an average rating of “Hold” and an average price target of $67.67.

Donaldson Company Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.