Eads & Heald Investment Counsel boosted its position in Donaldson Co. (NYSE:DCI) by 2.6% during the second quarter, Holdings Channel reports. The firm owned 16,990 shares of the company’s stock after buying an additional 430 shares during the period. Eads & Heald Investment Counsel’s holdings in Donaldson were worth $584,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. Pictet Asset Management Ltd. boosted its stake in shares of Donaldson by 12.4% in the first quarter. Pictet Asset Management Ltd. now owns 158,480 shares of the company’s stock worth $4,475,000 after buying an additional 17,480 shares during the period. Quadrature Capital Ltd boosted its stake in shares of Donaldson by 103.0% in the first quarter. Quadrature Capital Ltd now owns 19,361 shares of the company’s stock worth $618,000 after buying an additional 9,823 shares during the period. Accredited Investors Inc. purchased a new stake in shares of Donaldson during the first quarter worth about $216,000. State Street Corp boosted its stake 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 worth $251,028,000 after buying an additional 4,441,702 shares during the period. Finally, Zebra Capital Management LLC boosted its stake in shares of Donaldson by 30.5% in the first quarter. Zebra Capital Management LLC now owns 36,284 shares of the company’s stock worth $1,158,000 after buying an additional 8,474 shares during the period. Institutional investors and hedge funds own 81.74% of the company’s stock.
Shares of Donaldson Co. (NYSE:DCI) traded up 0.951% on Friday, hitting $36.615. 187,535 shares of the stock traded hands. The stock has a market cap of $4.86 billion, a PE ratio of 25.785 and a beta of 1.05. Donaldson Co. has a 1-year low of $25.21 and a 1-year high of $38.65. The stock has a 50 day moving average of $36.97 and a 200-day moving average of $34.93.
Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, September 8th. The company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Donaldson had a return on equity of 27.06% and a net margin of 8.59%. The firm had revenue of $593 million for the quarter, compared to the consensus estimate of $594.80 million. During the same period in the prior year, the company earned $0.45 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts expect that Donaldson Co. will post ($0.12) EPS for the current year.
A number of brokerages recently issued reports on DCI. Zacks Investment Research upgraded shares of Donaldson from a “sell” rating to a “hold” rating in a research report on Monday, August 29th. Robert W. Baird raised their price objective on shares of Donaldson from $36.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, September 9th. Finally, TheStreet upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, June 24th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Donaldson has a consensus rating of “Hold” and an average target price of $36.60.
In other Donaldson news, Director John Wiehoff sold 14,400 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 56,877 shares of the company’s stock, valued at $2,065,772.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.88% of the company’s stock.
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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