Donaldson Company, Inc. (DCI) Shares Bought by Utah Retirement Systems

Utah Retirement Systems raised its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 4.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,247 shares of the industrial products company’s stock after acquiring an additional 1,100 shares during the period. Utah Retirement Systems’ holdings in Donaldson were worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Airain ltd raised its holdings in shares of Donaldson by 8.5% during the 2nd quarter. Airain ltd now owns 4,990 shares of the industrial products company’s stock worth $227,000 after acquiring an additional 389 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Donaldson by 1,836.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 228,515 shares of the industrial products company’s stock valued at $10,407,000 after buying an additional 216,714 shares during the period. Prudential Financial Inc. raised its holdings in Donaldson by 10.4% during the 2nd quarter. Prudential Financial Inc. now owns 558,924 shares of the industrial products company’s stock valued at $25,454,000 after buying an additional 52,473 shares during the period. Great Lakes Advisors LLC raised its holdings in Donaldson by 4.1% during the 2nd quarter. Great Lakes Advisors LLC now owns 9,781 shares of the industrial products company’s stock valued at $445,000 after buying an additional 382 shares during the period. Finally, American Century Companies Inc. increased its stake in Donaldson by 1.3% in the second quarter. American Century Companies Inc. now owns 1,203,977 shares of the industrial products company’s stock worth $54,829,000 after purchasing an additional 15,748 shares during the period. 77.53% of the stock is currently owned by institutional investors and hedge funds.

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DCI has been the topic of a number of recent analyst reports. Jefferies Group LLC upgraded 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 reiterated a “hold” rating and issued 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 issued a $47.00 target price on shares of Donaldson in a research note on Friday, September 8th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Donaldson in a research note on Thursday, September 7th. Finally, BidaskClub upgraded Donaldson from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Donaldson has an average rating of “Hold” and a consensus price target of $49.50.

Donaldson Company, Inc. (NYSE:DCI) opened at 45.43 on Friday. The stock’s 50 day moving average price is $46.22 and its 200-day moving average price is $46.01. Donaldson Company, Inc. has a 52-week low of $35.85 and a 52-week high of $48.91. The company has a market cap of $5.98 billion, a P/E ratio of 26.11 and a beta of 1.21.

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

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

Donaldson Company 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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