QS Investors LLC Raises Position in Donaldson Company, Inc. (DCI)

QS Investors LLC increased its holdings in Donaldson Company, Inc. (NYSE:DCI) by 266,780.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,688 shares of the industrial products company’s stock after acquiring an additional 26,678 shares during the quarter. QS Investors LLC’s holdings in Donaldson were worth $1,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in shares of Donaldson by 68.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 49,853 shares of the industrial products company’s stock worth $2,270,000 after acquiring an additional 20,345 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Donaldson by 1.3% in the 2nd quarter. American Century Companies Inc. now owns 1,203,977 shares of the industrial products company’s stock worth $54,829,000 after acquiring an additional 15,748 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Donaldson by 55.7% in the 2nd quarter. Principal Financial Group Inc. now owns 1,252,691 shares of the industrial products company’s stock worth $57,048,000 after acquiring an additional 448,320 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Donaldson by 3.6% in the 2nd quarter. Blair William & Co. IL now owns 24,116 shares of the industrial products company’s stock worth $1,098,000 after acquiring an additional 830 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Donaldson by 1.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,841,796 shares of the industrial products company’s stock worth $83,876,000 after acquiring an additional 30,614 shares in the last quarter. Institutional investors own 78.24% of the company’s stock.

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Shares of Donaldson Company, Inc. (DCI) opened at 46.06 on Thursday. The stock has a market capitalization of $5.98 billion, a P/E ratio of 26.47 and a beta of 1.22. The company’s 50-day moving average is $45.78 and its 200 day moving average is $46.14. Donaldson Company, Inc. has a 12 month low of $35.85 and a 12 month high of $48.91.

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

Several research analysts recently issued reports on the stock. BidaskClub lowered shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $54.00 price target on shares of Donaldson in a research note on Tuesday, October 3rd. Stifel Nicolaus set a $48.00 price target on shares of Donaldson and gave the stock a “hold” rating in a research note on Friday, August 18th. Zacks Investment Research lowered shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Donaldson in a research note on Thursday, September 7th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Donaldson currently has a consensus rating of “Hold” and an average target price of $48.67.

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.

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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