GSA Capital Partners LLP Purchases New Position in Donaldson Co. (DCI)
GSA Capital Partners LLP purchased a new position in shares of Donaldson Co. (NYSE:DCI) during the second quarter, Holdings Channel reports. The institutional investor purchased 10,806 shares of the company’s stock, valued at approximately $371,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in shares of Donaldson during the fourth quarter worth approximately $56,297,000. Sigma Planning Corp acquired a new position in shares of Donaldson during the first quarter worth approximately $312,000. Aperio Group LLC increased its position in shares of 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 position in shares of 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 acquired a new position in shares of Donaldson during the first quarter worth approximately $715,000. 81.46% of the stock is owned by hedge funds and other institutional investors.
Donaldson Co. (NYSE:DCI) traded down 1.77% on Friday, reaching $36.73. The company’s stock had a trading volume of 317,041 shares. The firm has a market capitalization of $4.92 billion, a PE ratio of 25.87 and a beta of 1.04. Donaldson Co. has a 52 week low of $25.21 and a 52 week high of $38.65. The stock’s 50 day moving average is $37.05 and its 200-day moving average is $34.42.
Donaldson (NYSE:DCI) last posted its earnings results on Thursday, September 8th. The company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Donaldson had a net margin of 8.59% and a return on equity of 27.06%. The company had revenue of $593 million for the quarter, compared to the consensus estimate of $594.80 million. During the same quarter last year, the business earned $0.45 earnings per share. Donaldson’s quarterly revenue was down 2.8% on a year-over-year basis. Analysts predict that Donaldson Co. will post ($0.13) EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th were issued a dividend of $0.175 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.70 annualized dividend and a yield of 1.87%. Donaldson’s dividend payout ratio (DPR) is currently 49.30%.
DCI has been the subject of a number of analyst reports. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Donaldson in a report on Thursday, May 26th. Zacks Investment Research downgraded Donaldson from a “buy” rating to a “hold” rating in a report on Monday, June 6th. CL King initiated coverage on Donaldson in a report on Wednesday, June 8th. They issued a “buy” rating and a $41.00 price target for the company. TheStreet raised Donaldson from a “hold” rating to a “buy” rating in a report on Friday, June 24th. Finally, Robert W. Baird increased their price target on Donaldson from $36.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, September 9th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $34.50.
In other Donaldson news, Director John Wiehoff sold 14,400 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $36.32, for a total transaction of $523,008.00. Following the transaction, the director now directly owns 56,877 shares in the company, valued at $2,065,772.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.00% of the company’s stock.
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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