BB&T Corp bought a new position in shares of Donaldson Company, Inc. (NYSE:DCI) in the fourth quarter, Holdings Channel reports. The firm bought 4,300 shares of the industrial products company’s stock, valued at approximately $210,000.
A number of other institutional investors have also recently added to or reduced their stakes in DCI. JPMorgan Chase & Co. lifted its position in Donaldson by 220.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 32,021 shares of the industrial products company’s stock worth $1,458,000 after acquiring an additional 22,036 shares during the last quarter. Citigroup Inc. lifted its position in Donaldson by 3.9% during the 2nd quarter. Citigroup Inc. now owns 8,088 shares of the industrial products company’s stock worth $368,000 after acquiring an additional 305 shares during the last quarter. Northern Trust Corp lifted its position in Donaldson by 1.9% during the 2nd quarter. Northern Trust Corp now owns 961,939 shares of the industrial products company’s stock worth $43,806,000 after acquiring an additional 17,643 shares during the last quarter. FMR LLC lifted its position in Donaldson by 1.9% during the 2nd quarter. FMR LLC now owns 1,901,024 shares of the industrial products company’s stock worth $86,573,000 after acquiring an additional 34,711 shares during the last quarter. Finally, Numeric Investors LLC acquired a new position in Donaldson during the 2nd quarter worth $1,152,000. 77.84% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Monday. SunTrust Banks reissued a “hold” rating and set a $50.00 target price on shares of Donaldson in a research report on Friday, December 1st. Stifel Nicolaus reissued a “hold” rating on shares of Donaldson in a research report on Thursday, October 19th. Finally, Oppenheimer reissued a “hold” rating on shares of Donaldson in a research report on Monday, December 18th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Donaldson presently has a consensus rating of “Hold” and an average price target of $52.60.
Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, November 30th. The industrial products company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.04. The business had revenue of $644.80 million during the quarter, compared to analyst estimates of $602.02 million. Donaldson had a net margin of 9.57% and a return on equity of 28.49%. The firm’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 earned ($0.05) earnings per share. equities analysts expect that Donaldson Company, Inc. will post 2 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Tuesday, February 13th. Donaldson’s dividend payout ratio is currently 40.68%.
In other news, insider Melissa A. Osland sold 1,453 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $48.26, for a total transaction of $70,121.78. Following the completion of the transaction, the insider now owns 4,174 shares of the company’s stock, valued at $201,437.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.09% of the stock is currently owned by corporate insiders.
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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