Donaldson Company, Inc. (DCI) Position Held by State Farm Mutual Automobile Insurance Co.

State Farm Mutual Automobile Insurance Co. maintained its stake in shares of Donaldson Company, Inc. (NYSE:DCI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,372,156 shares of the industrial products company’s stock at the close of the 2nd quarter. State Farm Mutual Automobile Insurance Co. owned 9.44% of Donaldson worth $563,427,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DCI. Eaton Vance Management raised its stake in Donaldson by 1.7% during the 2nd quarter. Eaton Vance Management now owns 129,237 shares of the industrial products company’s stock valued at $5,885,000 after acquiring an additional 2,100 shares in the last quarter. Schroder Investment Management Group raised its stake in Donaldson by 1,967.6% during the 2nd quarter. Schroder Investment Management Group now owns 70,300 shares of the industrial products company’s stock valued at $3,162,000 after acquiring an additional 66,900 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new stake in Donaldson during the 2nd quarter valued at $8,601,000. Farr Miller & Washington LLC DC raised its stake in Donaldson by 1.2% during the 2nd quarter. Farr Miller & Washington LLC DC now owns 552,091 shares of the industrial products company’s stock valued at $25,142,000 after acquiring an additional 6,511 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in Donaldson by 1.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,841,796 shares of the industrial products company’s stock valued at $83,876,000 after acquiring an additional 30,614 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

DCI has been the topic of several recent analyst reports. Jefferies Group LLC raised Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Wednesday, May 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 target price (down previously from $48.00) on shares of Donaldson in a research note on Friday, September 8th. Robert W. Baird reiterated a “hold” rating and set a $47.00 price target on shares of Donaldson in a research report on Friday, September 8th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Donaldson in a research report on Thursday, September 7th. Finally, BidaskClub upgraded Donaldson from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Donaldson presently has an average rating of “Hold” and a consensus target price of $49.50.

Donaldson Company, Inc. (DCI) opened at 45.43 on Friday. Donaldson Company, Inc. has a one year low of $35.85 and a one year high of $48.91. The company has a 50 day moving average price of $46.22 and a 200-day moving average price of $46.01. The firm has a market capitalization of $5.98 billion, a PE ratio of 26.11 and a beta of 1.21.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Thursday, September 7th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The firm had revenue of $660.10 million during the quarter, compared to the consensus estimate of $634.41 million. During the same period in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities analysts predict that Donaldson Company, Inc. will post ($0.38) EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.58%. This is an increase from Donaldson’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, August 11th. Donaldson’s dividend payout ratio is presently 41.38%.

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Donaldson Profile

Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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