Donaldson Co. (DCI) Stake Held by Investment House LLC
Investment House LLC continued to hold its stake in Donaldson Co. (NYSE:DCI) during the second quarter, Holdings Channel reports. The fund owned 85,000 shares of the company’s stock at the end of the second quarter. Investment House LLC’s holdings in Donaldson were worth $2,921,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Donaldson during the fourth quarter valued at about $56,297,000. Sigma Planning Corp bought a new stake in Donaldson during the first quarter worth about $312,000. Aperio Group LLC increased its stake in Donaldson by 23.0% in the first quarter. Aperio Group LLC now owns 43,292 shares of the company’s stock worth $1,381,000 after buying an additional 8,098 shares in the last quarter. Buffington Mohr McNeal increased its stake in Donaldson by 46.0% in the first quarter. Buffington Mohr McNeal now owns 29,200 shares of the company’s stock worth $931,000 after buying an additional 9,200 shares in the last quarter. Finally, Virginia Retirement System bought a new stake in Donaldson during the first quarter worth about $715,000. 81.46% of the stock is currently owned by hedge funds and other institutional investors.
Donaldson Co. (NYSE:DCI) traded up 1.29% during trading on Wednesday, reaching $36.95. The company had a trading volume of 681,766 shares. The company has a 50-day moving average price of $37.01 and a 200 day moving average price of $34.40. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 26.02 and a beta of 1.04. Donaldson Co. has a one year low of $25.21 and a one year high of $38.65.
Donaldson (NYSE:DCI) last issued its quarterly earnings results on Thursday, September 8th. The company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.03. The firm had revenue of $593 million for the quarter, compared to the consensus estimate of $594.80 million. Donaldson had a net margin of 8.59% and a return on equity of 27.06%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.45 EPS. Analysts expect that Donaldson Co. will post ($0.13) earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.70 dividend on an annualized basis and a yield of 1.89%. Donaldson’s dividend payout ratio (DPR) is currently 49.30%.
DCI has been the topic of a number of recent research reports. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Donaldson in a research report on Thursday, May 26th. Zacks Investment Research downgraded Donaldson from a “buy” rating to a “hold” rating in a research report on Monday, June 6th. CL King initiated coverage on Donaldson in a research report on Wednesday, June 8th. They issued a “buy” rating and a $41.00 target price on the stock. TheStreet raised Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, June 24th. Finally, Robert W. Baird lifted their target price on Donaldson from $36.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, September 9th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Donaldson has a consensus rating of “Hold” and a consensus target price of $34.50.
In other news, Director John Wiehoff sold 14,400 shares of the stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $36.32, for a total transaction of $523,008.00. Following the transaction, the director now owns 56,877 shares of the company’s stock, valued at approximately $2,065,772.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.
Donaldson Company Profile
Donaldson Company, Inc is a provider and manufacturer of filtration systems and replacement parts. The Company serves customers in the industrial and engine markets, including dust collection, power generation, specialty filtration, compressed air purification, off-road equipment, industrial compressors, heavy trucks and light vehicles.
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