Ellevest Inc. raised its holdings in shares of Donaldson Company, Inc. (NYSE:DCI – Get Rating) by 117.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,275 shares of the industrial products company's stock after buying an additional 688 shares during the period. Ellevest Inc.'s holdings in Donaldson were worth $61,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DCI. Millennium Management LLC increased its holdings in Donaldson by 690.2% during the fourth quarter. Millennium Management LLC now owns 713,561 shares of the industrial products company's stock valued at $42,286,000 after buying an additional 623,258 shares during the last quarter. BlackRock Inc. increased its holdings in Donaldson by 3.9% during the first quarter. BlackRock Inc. now owns 10,996,071 shares of the industrial products company's stock valued at $571,026,000 after buying an additional 413,360 shares during the last quarter. State Street Corp increased its holdings 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 valued at $329,513,000 after buying an additional 410,487 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Donaldson by 55.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 783,111 shares of the industrial products company's stock valued at $40,667,000 after buying an additional 279,484 shares during the last quarter. Finally, Retirement Systems of Alabama increased its holdings in Donaldson by 107.0% during the first quarter. Retirement Systems of Alabama now owns 335,022 shares of the industrial products company's stock valued at $17,398,000 after buying an additional 173,178 shares during the last quarter. 80.20% of the stock is owned by hedge funds and other institutional investors.
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Donaldson Stock Performance
DCI opened at $49.01 on Friday. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.60 and a beta of 1.25. The company has a fifty day moving average of $53.06 and a 200 day moving average of $51.36. Donaldson Company, Inc. has a fifty-two week low of $46.00 and a fifty-two week high of $63.15. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.44 and a current ratio of 2.23.
Donaldson (NYSE:DCI – Get Rating) last posted its earnings results on Wednesday, August 31st. The industrial products company reported $0.84 earnings per share for the quarter, meeting the consensus estimate of $0.84. The company had revenue of $890.00 million during the quarter, compared to analysts' expectations of $879.61 million. Donaldson had a net
margin of 10.07% and a return on equity of 29.89%. Donaldson's quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the company posted $0.66 earnings per share. As a group, sell-side analysts forecast that Donaldson Company, Inc. will post 3 earnings per share for the current fiscal year.
Donaldson Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Tuesday, August 16th were paid a dividend of $0.23 per share. The ex-dividend date was Monday, August 15th. This represents a $0.92 annualized dividend and a yield of 1.88%. Donaldson's payout ratio is 34.59%.
Analyst Ratings Changes
DCI has been the subject of a number of research reports. Morgan Stanley reduced their target price on shares of Donaldson from $68.00 to $63.00 and set an "overweight" rating for the company in a report on Monday, July 18th. StockNews.com raised shares of Donaldson from a "buy" rating to a "strong-buy" rating in a research note on Friday. Stifel Nicolaus reduced their price objective on shares of Donaldson from $53.00 to $51.00 in a research note on Monday, July 18th. Finally, Robert W. Baird reduced their price objective on shares of Donaldson from $61.00 to $59.00 and set an "outperform" rating for the company in a research note on Thursday, September 1st.
Donaldson 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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