Bartlett & Co. LLC decreased its stake in shares of Donaldson Co. (NYSE:DCI) by 13.4% during the second quarter, Holdings Channel reports. The fund owned 25,135 shares of the company’s stock after selling 3,890 shares during the period. Bartlett & Co. LLC’s holdings in Donaldson were worth $864,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in DCI. State Street Corp boosted its position in 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 last quarter. Norges Bank bought a new position in Donaldson during the fourth quarter valued at approximately $56,297,000. Fiduciary Management Inc. WI boosted its position in 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 last quarter. Confluence Investment Management LLC boosted its position in 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 last quarter. Finally, BlackRock Inc. boosted its position in Donaldson by 262.2% in the first quarter. BlackRock Inc. now owns 165,043 shares of the company’s stock valued at $5,267,000 after buying an additional 119,471 shares during the last quarter. 81.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Donaldson Co. (NYSE:DCI) traded up 1.33% during trading on Wednesday, hitting $37.44. 738,741 shares of the stock traded hands. The company has a market cap of $4.97 billion, a PE ratio of 26.37 and a beta of 1.04. The company has a 50 day moving average of $37.09 and a 200-day moving average of $34.60. Donaldson Co. has a 1-year low of $25.21 and a 1-year high of $38.65.
Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, September 8th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The business earned $593 million during the quarter, compared to the consensus estimate of $594.80 million. Donaldson had a net margin of 8.59% and a return on equity of 27.06%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. On average, equities analysts anticipate that Donaldson Co. will post ($0.13) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th were paid a $0.175 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.70 annualized dividend and a dividend yield of 1.87%. Donaldson’s dividend payout ratio is presently 49.30%.
DCI has been the topic of several research analyst reports. TheStreet raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, June 24th. Zacks Investment Research raised shares of Donaldson from a “sell” rating to a “hold” rating in a research note on Monday, August 29th. CL King initiated coverage on shares of Donaldson in a research note on Wednesday, June 8th. They set a “buy” rating and a $41.00 target price on the stock. Finally, Robert W. Baird raised their target price on shares of Donaldson from $36.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, September 9th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $34.50.
In other news, Director John Wiehoff sold 14,400 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $36.32, for a total value of $523,008.00. Following the sale, the director now owns 56,877 shares in the company, valued at approximately $2,065,772.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by 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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