Gotham Asset Management LLC reduced its position in Donaldson Company, Inc. (NYSE:DCI) by 54.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 103,434 shares of the industrial products company’s stock after selling 122,612 shares during the period. Gotham Asset Management LLC owned approximately 0.08% of Donaldson Company worth $4,708,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Seven Eight Capital LP purchased a new stake in shares of Donaldson Company during the fourth quarter worth about $109,000. Clean Yield Group purchased a new stake in shares of Donaldson Company during the first quarter worth about $109,000. TrimTabs Asset Management LLC purchased a new stake in shares of Donaldson Company during the first quarter worth about $125,000. Schroder Investment Management Group purchased a new stake in shares of Donaldson Company during the first quarter worth about $154,000. Finally, Tyers Asset Management LLC purchased a new stake in shares of Donaldson Company during the fourth quarter worth about $160,000. 78.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Donaldson Company, Inc. (NYSE DCI) opened at 45.22 on Wednesday. Donaldson Company, Inc. has a 52 week low of $33.22 and a 52 week high of $48.91. The company has a 50-day moving average of $46.59 and a 200-day moving average of $44.45. The stock has a market capitalization of $5.93 billion, a P/E ratio of 26.92 and a beta of 1.14.
Donaldson Company (NYSE:DCI) last announced its quarterly earnings data on Thursday, June 1st. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The company had revenue of $608.20 million during the quarter, compared to the consensus estimate of $580.44 million. Donaldson Company had a return on equity of 28.12% and a net margin of 9.72%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. On average, analysts anticipate that Donaldson Company, Inc. will post ($0.38) EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Investors of record on Monday, June 12th will be paid a dividend of $0.175 per share. The ex-dividend date is Thursday, June 8th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.56%. Donaldson Company’s dividend payout ratio (DPR) is presently 41.92%.
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A number of equities research analysts have recently issued reports on DCI shares. Zacks Investment Research raised shares of Donaldson Company from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Wednesday, May 31st. Jefferies Group LLC raised shares of Donaldson Company from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Wednesday, May 31st. BidaskClub downgraded shares of Donaldson Company from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $48.00 price target (up from $45.00) on shares of Donaldson Company in a report on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Donaldson Company in a report on Thursday, June 1st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Donaldson Company has a consensus rating of “Hold” and an average price target of $48.25.
In related news, Director John Wiehoff sold 14,400 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $46.33, for a total transaction of $667,152.00. Following the completion of the transaction, the director now directly owns 59,001 shares in the company, valued at approximately $2,733,516.33. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.88% of the company’s stock.
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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