Northern Trust Corp Grows Holdings in Donaldson Company, Inc. (DCI)

Northern Trust Corp boosted its holdings in Donaldson Company, Inc. (NYSE:DCI) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 961,939 shares of the industrial products company’s stock after purchasing an additional 17,643 shares during the quarter. Northern Trust Corp owned approximately 0.73% of Donaldson worth $43,806,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Schroder Investment Management Group acquired a new position in Donaldson in the first quarter worth $154,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Donaldson by 5.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 217 shares during the period. Mosaic Family Wealth LLC boosted its holdings in Donaldson by 5.1% in the second quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock worth $202,000 after purchasing an additional 213 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Donaldson in the first quarter worth $209,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Donaldson in the second quarter worth $209,000. 78.24% of the stock is owned by hedge funds and other institutional investors.

Donaldson Company, Inc. (NYSE:DCI) opened at 46.04 on Wednesday. The firm has a market cap of $5.98 billion, a P/E ratio of 26.46 and a beta of 1.22. Donaldson Company, Inc. has a one year low of $35.85 and a one year high of $48.91. The stock’s 50 day moving average is $45.81 and its 200 day moving average is $46.14.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Donaldson had a net margin of 9.81% and a return on equity of 28.14%. The company had revenue of $660.10 million during the quarter, compared to the consensus estimate of $634.41 million. During the same quarter last year, the company earned $0.46 earnings per share. The business’s revenue was up 11.2% on a year-over-year basis. On average, equities research analysts expect that Donaldson Company, Inc. will post ($0.38) earnings per share for the current year.

A number of research firms have commented on DCI. Jefferies Group LLC reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Donaldson in a report on Tuesday, October 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price objective (down previously from $48.00) on shares of Donaldson in a report on Friday, September 8th. Robert W. Baird reaffirmed a “hold” rating and issued a $47.00 price objective on shares of Donaldson in a report on Friday, September 8th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Donaldson in a report on Thursday, September 7th. Finally, BidaskClub raised shares of Donaldson from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $48.67.

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About Donaldson

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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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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