Ameriprise Financial Inc. lowered its stake in shares of Donaldson Co. (NYSE:DCI) by 13.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 311,617 shares of the company’s stock after selling 46,403 shares during the period. Ameriprise Financial Inc. owned 0.23% of Donaldson worth $10,707,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in DCI. State Street Corp increased its position in shares of Donaldson by 129.7% in the first quarter. State Street Corp now owns 7,866,812 shares of the company’s stock valued at $251,028,000 after buying an additional 4,441,702 shares during the period. Norges Bank bought a new position in shares of Donaldson during the fourth quarter valued at approximately $56,297,000. Fiduciary Management Inc. WI increased its position in shares of Donaldson by 11.3% in the first quarter. Fiduciary Management Inc. WI now owns 2,241,025 shares of the company’s stock valued at $71,511,000 after buying an additional 227,729 shares during the period. Henderson Group PLC increased its position in shares of Donaldson by 57.6% in the second quarter. Henderson Group PLC now owns 589,178 shares of the company’s stock valued at $20,244,000 after buying an additional 215,419 shares during the period. Finally, Confluence Investment Management LLC increased its position in shares of Donaldson by 57.6% in the second quarter. Confluence Investment Management LLC now owns 395,996 shares of the company’s stock valued at $13,606,000 after buying an additional 144,809 shares during the period. Institutional investors own 81.46% of the company’s stock.
Shares of Donaldson Co. (NYSE:DCI) traded up 1.38% on Friday, reaching $37.37. The company had a trading volume of 326,109 shares. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 26.32 and a beta of 1.04. Donaldson Co. has a 52-week low of $25.21 and a 52-week high of $38.65. The company’s 50-day moving average price is $37.10 and its 200-day moving average price is $34.62.
Donaldson (NYSE:DCI) last issued its quarterly earnings data on Thursday, September 8th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by $0.03. Donaldson had a net margin of 8.59% and a return on equity of 27.06%. The firm earned $593 million during the quarter, compared to analyst estimates of $594.80 million. During the same period in the prior year, the company earned $0.45 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, analysts predict that Donaldson Co. will post ($0.13) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Thursday, August 11th. Donaldson’s dividend payout ratio is 49.30%.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut Donaldson from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Robert W. Baird increased their price objective on Donaldson from $36.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, September 9th. TheStreet raised Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, June 24th. Finally, CL King assumed coverage on Donaldson in a research report on Wednesday, June 8th. They issued a “buy” rating and a $41.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $34.50.
In other news, Director John Wiehoff sold 14,400 shares of the company’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $36.32, for a total transaction of $523,008.00. Following the completion of the sale, the director now directly owns 56,877 shares in the company, valued at approximately $2,065,772.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by company insiders.
Donaldson Company Profile
Donaldson Company, Inc is a provider and manufacturer of filtration systems and replacement parts. The Company serves customers in the industrial and engine markets, including dust collection, power generation, specialty filtration, compressed air purification, off-road equipment, industrial compressors, heavy trucks and light vehicles.
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