Stephens Inc. AR Raises Stake in Donaldson Company, Inc. (DCI)

Stephens Inc. AR grew its holdings in Donaldson Company, Inc. (NYSE:DCI) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,842 shares of the industrial products company’s stock after purchasing an additional 1,680 shares during the period. Stephens Inc. AR’s holdings in Donaldson were worth $2,428,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DCI. Janus Henderson Group PLC increased its holdings in shares of Donaldson by 163.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,479,606 shares of the industrial products company’s stock valued at $67,381,000 after purchasing an additional 918,729 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Donaldson by 1,689.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 889,372 shares of the industrial products company’s stock valued at $40,502,000 after purchasing an additional 839,672 shares during the period. Koch Industries Inc. acquired a new position in shares of Donaldson in the 2nd quarter valued at about $618,000. Principal Financial Group Inc. increased its holdings in Donaldson by 55.7% in the second quarter. Principal Financial Group Inc. now owns 1,252,691 shares of the industrial products company’s stock worth $57,048,000 after buying an additional 448,320 shares during the last quarter. Finally, Marshall Wace North America L.P. increased its holdings in Donaldson by 725.5% in the second quarter. Marshall Wace North America L.P. now owns 480,502 shares of the industrial products company’s stock worth $22,103,000 after buying an additional 422,292 shares during the last quarter. Institutional investors own 77.91% of the company’s stock.

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A number of research firms recently commented on DCI. SunTrust Banks, Inc. restated a “hold” rating and issued a $46.00 price objective on shares of Donaldson in a report on Friday, October 27th. Zacks Investment Research upgraded Donaldson from a “sell” rating to a “hold” rating in a report on Monday, October 30th. BidaskClub downgraded Donaldson from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Stifel Nicolaus restated a “hold” rating on shares of Donaldson in a report on Thursday, October 19th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Donaldson in a research report on Thursday, September 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.00.

Shares of Donaldson Company, Inc. (NYSE:DCI) traded up $0.22 during trading on Wednesday, reaching $47.55. The company’s stock had a trading volume of 229,200 shares, compared to its average volume of 478,032. Donaldson Company, Inc. has a 52-week low of $39.49 and a 52-week high of $48.91. The company has a quick ratio of 1.77, a current ratio of 2.38 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $6,148.40, a PE ratio of 28.01, a P/E/G ratio of 2.28 and a beta of 1.19.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, September 7th. The industrial products company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.02). Donaldson had a net margin of 9.81% and a return on equity of 28.14%. The business had revenue of $660.10 million during the quarter, compared to the consensus estimate of $634.41 million. During the same period in the prior year, the company posted $0.46 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year. analysts expect that Donaldson Company, Inc. will post 1.87 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, December 6th will be given a $0.18 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 1.51%. Donaldson’s dividend payout ratio is 41.38%.

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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