Foster Dykema Cabot & Co. Inc. MA held its position in shares of Donaldson Company, Inc. (NYSE:DCI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,000 shares of the industrial products company’s stock at the end of the first quarter. Foster Dykema Cabot & Co. Inc. MA’s holdings in Donaldson Company were worth $273,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in DCI. Seven Eight Capital LP acquired a new position in shares of Donaldson Company during the fourth quarter valued at $109,000. Clean Yield Group acquired a new position in shares of Donaldson Company during the first quarter valued at $109,000. TrimTabs Asset Management LLC acquired a new position in shares of Donaldson Company during the first quarter valued at $125,000. Mosaic Family Wealth LLC boosted its position in shares of Donaldson Company by 9.9% in the third quarter. Mosaic Family Wealth LLC now owns 4,092 shares of the industrial products company’s stock valued at $153,000 after buying an additional 369 shares during the last quarter. Finally, Tyers Asset Management LLC acquired a new position in shares of Donaldson Company during the fourth quarter valued at $160,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.
Donaldson Company, Inc. (NYSE:DCI) traded up 1.85% during trading on Friday, hitting $46.78. 484,413 shares of the company’s stock traded hands. The stock has a market cap of $6.18 billion, a P/E ratio of 28.70 and a beta of 0.98. The company’s 50 day moving average is $45.93 and its 200-day moving average is $43.32. Donaldson Company, Inc. has a 12 month low of $31.52 and a 12 month high of $47.68.
Donaldson Company (NYSE:DCI) last issued its quarterly earnings data on Wednesday, March 1st. The industrial products company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. The company had revenue of $550.60 million for the quarter, compared to the consensus estimate of $521.99 million. Donaldson Company had a net margin of 9.41% and a return on equity of 27.42%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 earnings per share. On average, analysts predict that Donaldson Company, Inc. will post ($0.38) earnings per share for the current year.
Separately, Zacks Investment Research raised shares of Donaldson Company from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Friday, May 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Donaldson Company currently has a consensus rating of “Hold” and a consensus price target of $44.00.
In related news, Director Willard D. Oberton sold 14,400 shares of the stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $44.86, for a total transaction of $645,984.00. Following the transaction, the director now owns 28,057 shares in the company, valued at $1,258,637.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.88% of the stock is owned by corporate insiders.
About Donaldson Company
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 42 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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