Van ECK Associates Corp reduced its position in Donaldson Company, Inc. (NYSE:DCI) by 4.2% during the first quarter, Holdings Channel reports. The institutional investor owned 16,345 shares of the industrial products company’s stock after selling 722 shares during the period. Van ECK Associates Corp’s holdings in Donaldson Company were worth $744,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in DCI. AQR Capital Management LLC bought a new position in shares of Donaldson Company during the fourth quarter worth $791,000. Mckinley Capital Management LLC Delaware bought a new position in shares of Donaldson Company during the first quarter worth $202,000. Louisiana State Employees Retirement System increased its position in shares of Donaldson Company by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the industrial products company’s stock worth $1,516,000 after buying an additional 600 shares in the last quarter. Mountain Pacific Investment Advisers Inc. ID increased its position in shares of Donaldson Company by 4.3% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 650,927 shares of the industrial products company’s stock worth $29,630,000 after buying an additional 26,901 shares in the last quarter. Finally, Confluence Investment Management LLC increased its position in shares of Donaldson Company by 5.4% in the first quarter. Confluence Investment Management LLC now owns 327,359 shares of the industrial products company’s stock worth $14,901,000 after buying an additional 16,723 shares in the last quarter. 78.18% of the stock is owned by institutional investors.
Donaldson Company, Inc. (NYSE:DCI) traded up 0.613% during midday trading on Tuesday, hitting $46.805. 127,186 shares of the company were exchanged. Donaldson Company, Inc. has a one year low of $33.22 and a one year high of $48.91. The stock has a market capitalization of $6.14 billion, a PE ratio of 27.860 and a beta of 1.14. The firm’s 50-day moving average price is $46.55 and its 200-day moving average price is $44.23.
Donaldson Company (NYSE:DCI) last issued its quarterly earnings data on Thursday, June 1st. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $608.20 million during the quarter, compared to analyst estimates of $580.44 million. Donaldson Company had a net margin of 9.72% and a return on equity of 28.12%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned $0.43 EPS. Equities research analysts anticipate that Donaldson Company, Inc. will post ($0.38) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Investors of record on Monday, June 12th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $0.70 dividend on an annualized basis and a yield of 1.50%. Donaldson Company’s dividend payout ratio (DPR) is presently 41.92%.
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DCI has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Donaldson Company from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Wednesday, May 24th. Jefferies Group LLC raised shares of Donaldson Company from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Wednesday, May 31st. Stifel Nicolaus reissued a “hold” rating and set a $48.00 price target (up from $45.00) on shares of Donaldson Company in a research note on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Donaldson Company in a research note on Thursday, June 1st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $48.25.
Donaldson Company Company Profile
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 44 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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