Vanguard Group Inc. boosted its stake in Donaldson Co. (NYSE:DCI) by 4.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,339,630 shares of the company’s stock after buying an additional 406,407 shares during the period. Vanguard Group Inc. owned about 7.77% of Donaldson worth $355,270,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in DCI. State Street Corp boosted its stake 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 period. UBS Asset Management Americas Inc. boosted its stake in shares of Donaldson by 1,103.1% in the second quarter. UBS Asset Management Americas Inc. now owns 1,207,576 shares of the company’s stock valued at $41,492,000 after buying an additional 1,107,200 shares during the last quarter. Fiduciary Management Inc. WI boosted its stake 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 last quarter. Henderson Group PLC boosted its stake 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 last quarter. Finally, Confluence Investment Management LLC boosted its stake 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 last quarter. Institutional investors own 81.46% of the company’s stock.
Donaldson Co. (NYSE:DCI) traded down 0.94% during trading on Friday, reaching $36.78. The company had a trading volume of 25,489 shares. The company has a market capitalization of $4.88 billion, a PE ratio of 25.90 and a beta of 1.05. The firm’s 50 day moving average is $37.09 and its 200 day moving average is $34.80. Donaldson Co. has a one year low of $25.21 and a one year high of $38.65.
Donaldson (NYSE:DCI) last issued its quarterly earnings data on Thursday, September 8th. The company reported $0.46 earnings per share (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 company had revenue of $593 million for the quarter, compared to analysts’ expectations of $594.80 million. During the same quarter last year, the company earned $0.45 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities research analysts predict that Donaldson Co. will post ($0.12) earnings per share for the current year.
DCI has been the topic of several analyst reports. TheStreet upgraded Donaldson from a “hold” rating to a “buy” rating in a report on Friday, June 24th. Zacks Investment Research cut Donaldson from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Finally, Robert W. Baird upped their target price on Donaldson from $36.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, September 9th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $36.60.
In other Donaldson news, Director John Wiehoff sold 14,400 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 56,877 shares in the company, valued at $2,065,772.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.88% of the company’s stock.
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.
Receive News & Ratings for Donaldson Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Donaldson Co. and related companies with MarketBeat.com's FREE daily email newsletter.