Teachers Retirement System of The State of Kentucky reduced its holdings in Donaldson Company, Inc. (NYSE:DCI – Get Rating) by 6.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,062 shares of the industrial products company's stock after selling 1,200 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Donaldson were worth $886,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Artemis Wealth Advisors LLC bought a new position in Donaldson in the 1st quarter worth about $36,000. Prospera Financial Services Inc bought a new position in Donaldson in the 1st quarter worth about $38,000. Johnson Financial Group Inc. increased 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 acquiring an additional 1,210 shares during the last quarter. Covestor Ltd increased its position in shares of Donaldson by 128.4% during the 1st quarter. Covestor Ltd now owns 2,417 shares of the industrial products company's stock valued at $126,000 after purchasing an additional 1,359 shares during the last quarter. Finally, Quantbot Technologies LP increased its position in shares of Donaldson by 103.7% during the 1st quarter. Quantbot Technologies LP now owns 2,426 shares of the industrial products company's stock valued at $125,000 after purchasing an additional 1,235 shares during the last quarter. 80.20% of the stock is currently owned by institutional investors.
Get Donaldson alerts:Donaldson Price Performance
DCI opened at $49.66 on Friday. The stock's 50 day simple moving average is $53.16 and its 200 day simple moving average is $51.42. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.23 and a quick ratio of 1.44. Donaldson Company, Inc. has a 1 year low of $46.00 and a 1 year high of $63.15. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.61 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, hitting the consensus estimate of $0.84. Donaldson had a return on equity of 29.89% and a net margin of 10.07%. The business had revenue of $890.00 million for the quarter, compared to analyst estimates of $879.61 million. During the same period last year, the company earned $0.66 EPS. Donaldson's revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, analysts predict that Donaldson Company, Inc. will post 3 earnings per share for the current year.Donaldson Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 16th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Monday, August 15th. Donaldson's dividend payout ratio (DPR) is currently 34.59%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on DCI shares. Stifel Nicolaus reduced their price objective on Donaldson from $53.00 to $51.00 in a research report on Monday, July 18th. Robert W. Baird reduced their price objective on Donaldson from $61.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday, September 1st. Morgan Stanley reduced their price objective on Donaldson from $68.00 to $63.00 and set an "overweight" rating on the stock in a research report on Monday, July 18th. Finally, StockNews.com lowered Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 12th.
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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