Virginia Retirement Systems ET AL lessened its stake in Donaldson Company, Inc. (NYSE:DCI) by 31.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,700 shares of the industrial products company’s stock after selling 5,400 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Donaldson were worth $533,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of DCI. TrimTabs Asset Management LLC boosted its stake in Donaldson by 104.7% during the 2nd quarter. TrimTabs Asset Management LLC now owns 5,608 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 2,868 shares during the last quarter. Mosaic Family Wealth LLC boosted its stake in Donaldson by 5.1% during the 2nd quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock worth $202,000 after purchasing an additional 213 shares during the last quarter. Cadence Capital Management LLC boosted its stake in Donaldson by 0.4% during the 2nd quarter. Cadence Capital Management LLC now owns 30,506 shares of the industrial products company’s stock worth $1,389,000 after purchasing an additional 123 shares during the last quarter. Marshall Wace North America L.P. boosted its stake in Donaldson by 725.5% during the 2nd quarter. Marshall Wace North America L.P. now owns 480,502 shares of the industrial products company’s stock worth $22,103,000 after purchasing an additional 422,292 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in Donaldson by 3.6% during the 2nd quarter. Blair William & Co. IL now owns 24,116 shares of the industrial products company’s stock worth $1,098,000 after purchasing an additional 830 shares during the last quarter. 77.91% of the stock is owned by institutional investors.
In related news, Director John Wiehoff sold 14,400 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $46.33, for a total transaction of $667,152.00. Following the transaction, the director now directly owns 59,001 shares of the company’s stock, valued at approximately $2,733,516.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.88% of the company’s stock.
Several brokerages have issued reports on DCI. Stifel Nicolaus reaffirmed a “hold” rating and set a $48.00 target price (up previously from $45.00) on shares of Donaldson in a research note on Friday, June 2nd. BidaskClub cut shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Zacks Investment Research cut shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Donaldson in a research report on Thursday, June 1st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.50.
Shares of Donaldson Company, Inc. (DCI) traded up 0.58% on Friday, hitting $44.98. 371,059 shares of the stock traded hands. The firm’s 50 day moving average is $46.42 and its 200-day moving average is $45.98. The company has a market cap of $5.90 billion, a PE ratio of 26.77 and a beta of 1.21. Donaldson Company, Inc. has a 12 month low of $35.80 and a 12 month high of $48.91.
Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.02). The company had revenue of $660.10 million for the quarter, compared to analyst estimates of $634.41 million. Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The business’s revenue was up 11.2% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share. Equities analysts predict that Donaldson Company, Inc. will post ($0.38) earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were given a dividend of $0.18 per share. The ex-dividend date was Friday, August 11th. This is a positive change from Donaldson’s previous quarterly dividend of $0.18. This represents a $0.72 annualized dividend and a yield of 1.61%. Donaldson’s payout ratio is 41.38%.
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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.
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