Amalgamated Bank lessened its stake in Donaldson Company, Inc. (NYSE:DCI – Get Rating) by 3.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 86,516 shares of the industrial products company's stock after selling 2,744 shares during the quarter. Amalgamated Bank's holdings in Donaldson were worth $4,493,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Artemis Wealth Advisors LLC purchased a new position in Donaldson in the 1st quarter worth approximately $36,000. Prospera Financial Services Inc purchased a new position in Donaldson in the 1st quarter worth approximately $38,000. Johnson Financial Group Inc. grew its stake in Donaldson by 121.0% in the 4th quarter. Johnson Financial Group Inc. now owns 2,210 shares of the industrial products company's stock worth $131,000 after buying an additional 1,210 shares in the last quarter. Covestor Ltd grew its stake in Donaldson by 128.4% in the 1st quarter. Covestor Ltd now owns 2,417 shares of the industrial products company's stock worth $126,000 after buying an additional 1,359 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in Donaldson by 103.7% in the 1st quarter. Quantbot Technologies LP now owns 2,426 shares of the industrial products company's stock worth $125,000 after buying an additional 1,235 shares in the last quarter. Hedge funds and other institutional investors own 80.20% of the company's stock.
Get Donaldson alerts:Donaldson Trading Down 1.1 %
NYSE:DCI opened at $51.83 on Wednesday. The company has a fifty day moving average of $53.01 and a 200 day moving average of $51.41. Donaldson Company, Inc. has a 52 week low of $46.00 and a 52 week high of $63.15. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $6.37 billion, a P/E ratio of 19.49, a P/E/G ratio of 1.64 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 EPS for the quarter, meeting analysts' consensus estimates of $0.84. Donaldson had a net margin of 10.07% and a return on equity of 29.89%. The company had revenue of $890.00 million during the quarter, compared to analyst estimates of $879.61 million. During the same period in the prior year, the business posted $0.66 EPS. The firm's revenue was up 15.1% compared to the same quarter last year. On average, research analysts predict that Donaldson Company, Inc. will post 3 earnings per share for the current year.Donaldson Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Tuesday, August 16th were issued a dividend of $0.23 per share. The ex-dividend date was Monday, August 15th. This represents a $0.92 dividend on an annualized basis and a yield of 1.78%. Donaldson's dividend payout ratio is currently 34.59%.
Analysts Set New Price Targets
A number of equities analysts have commented on DCI shares. Robert W. Baird cut their price target 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. StockNews.com cut shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 12th. Stifel Nicolaus cut their price objective on shares of Donaldson from $53.00 to $51.00 in a research note on Monday, July 18th. Finally, Morgan Stanley cut their price objective on shares of Donaldson from $68.00 to $63.00 and set an "overweight" rating for the company in a research note on Monday, July 18th.
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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