Janus Henderson Group PLC cut its position in Donaldson Company, Inc. (NYSE:DCI) by 11.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,305,952 shares of the industrial products company’s stock after selling 173,654 shares during the period. Janus Henderson Group PLC owned approximately 1.01% of Donaldson worth $59,995,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in DCI. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 buying an additional 217 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Donaldson in the third quarter worth about $201,000. Magnetar Financial LLC purchased a new stake in shares of Donaldson in the third quarter worth about $201,000. Mosaic Family Wealth LLC boosted its stake in shares of 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 buying an additional 213 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Donaldson in the second quarter worth about $207,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on DCI shares. BidaskClub upgraded Donaldson from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Oppenheimer restated a “hold” rating on shares of Donaldson in a research note on Thursday, September 7th. Robert W. Baird restated a “hold” rating and issued a $47.00 target price on shares of Donaldson in a research note on Friday, September 8th. Stifel Nicolaus restated a “hold” rating and issued a $45.00 target price (down previously from $48.00) on shares of Donaldson in a research note on Friday, September 8th. Finally, Jefferies Group restated a “buy” rating and issued a $54.00 target price on shares of Donaldson in a research note on Tuesday, October 3rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $50.60.
Donaldson (NYSE:DCI) last issued its quarterly earnings results on Thursday, November 30th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The company had revenue of $644.80 million for the quarter, compared to the consensus estimate of $602.02 million. Donaldson had a return on equity of 28.49% and a net margin of 9.57%. Donaldson’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.05) earnings per share. equities analysts forecast that Donaldson Company, Inc. will post 1.99 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, December 6th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.48%. Donaldson’s dividend payout ratio is currently 40.68%.
In other Donaldson news, insider Melissa A. Osland sold 1,453 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $48.26, for a total transaction of $70,121.78. Following the transaction, the insider now owns 4,174 shares in the company, valued at $201,437.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.09% of the company’s stock.
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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