Neuberger Berman Group LLC cut its stake in shares of Donaldson Co. (NYSE:DCI) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,605,410 shares of the company’s stock after selling 38,100 shares during the period. Neuberger Berman Group LLC’s holdings in Donaldson were worth $59,930,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. State Treasurer State of Michigan raised its stake in shares of Donaldson by 4.9% in the third quarter. State Treasurer State of Michigan now owns 85,620 shares of the company’s stock worth $3,196,000 after buying an additional 4,000 shares in the last quarter. Aperio Group LLC raised its stake in Donaldson by 9.2% in the third quarter. Aperio Group LLC now owns 44,770 shares of the company’s stock worth $1,671,000 after buying an additional 3,789 shares during the period. Arizona State Retirement System raised its stake in Donaldson by 7.6% in the third quarter. Arizona State Retirement System now owns 54,947 shares of the company’s stock worth $2,051,000 after buying an additional 3,900 shares during the period. First Trust Advisors LP raised its stake in Donaldson by 76.0% in the third quarter. First Trust Advisors LP now owns 97,121 shares of the company’s stock worth $3,626,000 after buying an additional 41,938 shares during the period. Finally, Mutual of America Capital Management LLC raised its stake in Donaldson by 8.4% in the third quarter. Mutual of America Capital Management LLC now owns 99,396 shares of the company’s stock worth $3,710,000 after buying an additional 7,697 shares during the period. Institutional investors own 80.65% of the company’s stock.

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

Donaldson Co. (NYSE:DCI) opened at 40.56 on Thursday. The firm has a market capitalization of $5.38 billion, a P/E ratio of 28.56 and a beta of 0.93. Donaldson Co. has a 1-year low of $25.21 and a 1-year high of $40.96. The company’s 50-day moving average price is $37.82 and its 200-day moving average price is $36.29.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, December 1st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.03. Donaldson had a return on equity of 27.06% and a net margin of 8.59%. The firm had revenue of $553 million for the quarter, compared to analysts’ expectations of $535.67 million. During the same period last year, the firm earned $0.34 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities research analysts expect that Donaldson Co. will post $1.58 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Tuesday, December 6th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, December 2nd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.73%. Donaldson’s dividend payout ratio (DPR) is currently 49.30%.

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A number of research analysts have recently issued reports on DCI shares. Zacks Investment Research downgraded Donaldson from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Robert W. Baird upped their price target on Donaldson from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, September 9th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Donaldson currently has a consensus rating of “Hold” and an average target price of $38.25.

In other 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 of the company’s stock, valued at $2,065,772.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.88% 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 42 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.

5 Day Chart for NYSE:DCI

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