Capstone Asset Management Co. boosted its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,074 shares of the industrial products company’s stock after buying an additional 30 shares during the period. Capstone Asset Management Co.’s holdings in Donaldson were worth $595,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Donaldson by 8.3% in the first quarter. Vanguard Group Inc. now owns 12,152,840 shares of the industrial products company’s stock valued at $553,197,000 after buying an additional 930,432 shares during the last quarter. BlackRock Inc. increased its position in shares of Donaldson by 5,553.3% in the first quarter. BlackRock Inc. now owns 10,390,356 shares of the industrial products company’s stock worth $472,970,000 after buying an additional 10,206,564 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Donaldson by 25.9% in the first quarter. Bank of New York Mellon Corp now owns 2,411,896 shares of the industrial products company’s stock worth $109,787,000 after buying an additional 496,064 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Donaldson by 3.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,811,182 shares of the industrial products company’s stock worth $82,445,000 after buying an additional 55,228 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Donaldson by 0.7% in the first quarter. UBS Asset Management Americas Inc. now owns 1,399,040 shares of the industrial products company’s stock worth $63,684,000 after buying an additional 9,598 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.
Donaldson Company, Inc. (NYSE DCI) traded down 1.11% on Wednesday, hitting $47.04. 318,124 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $46.37 and its 200-day moving average price is $45.19. Donaldson Company, Inc. has a 12-month low of $35.59 and a 12-month high of $48.91. The company has a market cap of $6.17 billion, a PE ratio of 28.00 and a beta of 1.22.
Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, June 1st. The industrial products company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. Donaldson had a net margin of 9.72% and a return on equity of 28.12%. The firm had revenue of $608.20 million during the quarter, compared to the consensus estimate of $580.44 million. During the same quarter in the prior year, the firm earned $0.43 EPS. Donaldson’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts forecast that Donaldson Company, Inc. will post ($0.38) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be given a $0.18 dividend. This is an increase from Donaldson’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, August 11th. This represents a $0.72 annualized dividend and a yield of 1.53%. Donaldson’s dividend payout ratio is 41.92%.
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Several equities research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub cut shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $48.00 price target (up previously from $45.00) on shares of Donaldson in a research report on Friday, June 2nd. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Donaldson in a research report on Thursday, June 1st. Finally, Jefferies Group LLC raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Wednesday, May 31st. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Donaldson presently has an average rating of “Hold” and an average price target of $48.25.
In other Donaldson news, Director John Wiehoff sold 14,400 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were 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 owns 59,001 shares in the company, valued at approximately $2,733,516.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.88% of the stock is currently owned by corporate insiders.
Donaldson 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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