State of Alaska Department of Revenue increased its position in shares of Donaldson Company, Inc. (NYSE:DCI – Get Rating) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,751 shares of the industrial products company's stock after purchasing an additional 370 shares during the quarter. State of Alaska Department of Revenue's holdings in Donaldson were worth $854,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of DCI. Bank of Montreal Can increased its position in Donaldson by 39.3% during the fourth quarter. Bank of Montreal Can now owns 26,476 shares of the industrial products company's stock worth $1,563,000 after buying an additional 7,470 shares in the last quarter. Invesco Ltd. increased its position in Donaldson by 2.3% during the fourth quarter. Invesco Ltd. now owns 493,242 shares of the industrial products company's stock worth $29,230,000 after buying an additional 11,271 shares in the last quarter. Blair William & Co. IL increased its position in Donaldson by 2.1% during the fourth quarter. Blair William & Co. IL now owns 17,317 shares of the industrial products company's stock worth $1,026,000 after buying an additional 352 shares in the last quarter. Nuveen Asset Management LLC increased its position in Donaldson by 41.9% during the fourth quarter. Nuveen Asset Management LLC now owns 490,320 shares of the industrial products company's stock worth $29,056,000 after buying an additional 144,897 shares in the last quarter. Finally, State Street Corp increased its position in Donaldson by 8.0% during the fourth quarter. State Street Corp now owns 5,560,460 shares of the industrial products company's stock worth $329,513,000 after buying an additional 410,487 shares in the last quarter. 80.20% of the stock is owned by institutional investors and hedge funds.
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Donaldson Price Performance
DCI stock opened at $49.69 on Friday. The stock has a 50-day moving average price of $53.11 and a two-hundred day moving average price of $51.38. Donaldson Company, Inc. has a 12-month low of $46.00 and a 12-month high of $63.15. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.57. The company has a market cap of $6.11 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 1.55 and a beta of 1.25.
Donaldson (NYSE:DCI – Get Rating) last posted its quarterly earnings results on Wednesday, August 31st. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.84. Donaldson had a return on equity of 29.89% and a net
margin of 10.07%. The firm had revenue of $890.00 million during the quarter, compared to the consensus estimate of $879.61 million. During the same quarter in the previous year, the business earned $0.66 earnings per share. The firm's quarterly revenue was up 15.1% compared to the same quarter last year. As a group, research analysts predict that Donaldson Company, Inc. will post 3 EPS for the current year.
Donaldson Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 16th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Monday, August 15th. Donaldson's dividend payout ratio (DPR) is presently 34.59%.
Analyst Ratings Changes
DCI has been the subject of several recent research reports. Stifel Nicolaus dropped their price target on Donaldson from $53.00 to $51.00 in a research report on Monday, July 18th. Robert W. Baird lowered their price objective on Donaldson from $61.00 to $59.00 and set an "outperform" rating for the company in a research report on Thursday, September 1st. Morgan Stanley lowered their price objective on Donaldson from $68.00 to $63.00 and set an "overweight" rating for the company in a research report on Monday, July 18th. Finally, StockNews.com downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 12th.
Donaldson Company Profile
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Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through two segments, Engine Products and Industrial Products. Its Engine Products segment provides replacement filters for air and liquid filtration applications; air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.
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- Get a free copy of the StockNews.com research report on Donaldson (DCI)
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