Public Employees Retirement System of Ohio cut its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.5% during the first quarter, Holdings Channel reports. The firm owned 63,435 shares of the industrial products company’s stock after selling 307 shares during the period. Public Employees Retirement System of Ohio’s holdings in Donaldson were worth $2,888,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware bought a new position in Donaldson during the first quarter worth $202,000. AQR Capital Management LLC bought a new position in Donaldson during the fourth quarter worth $791,000. Louisiana State Employees Retirement System boosted its position in Donaldson by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the industrial products company’s stock worth $1,516,000 after buying an additional 600 shares during the last quarter. Mountain Pacific Investment Advisers Inc. ID boosted its position in Donaldson by 4.3% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 650,927 shares of the industrial products company’s stock worth $29,630,000 after buying an additional 26,901 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its position in Donaldson by 5.4% in the first quarter. Confluence Investment Management LLC now owns 327,359 shares of the industrial products company’s stock worth $14,901,000 after buying an additional 16,723 shares during the last quarter. 78.77% of the stock is owned by institutional investors and hedge funds.

Donaldson Company, Inc. (DCI) opened at 46.63 on Tuesday. Donaldson Company, Inc. has a 12 month low of $34.95 and a 12 month high of $48.91. The stock has a market cap of $6.11 billion, a PE ratio of 27.76 and a beta of 1.21. The firm has a 50-day moving average of $46.28 and a 200 day moving average of $44.50.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Thursday, June 1st. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. Donaldson had a net margin of 9.72% and a return on equity of 28.12%. The company had revenue of $608.20 million during the quarter, compared to the consensus estimate of $580.44 million. During the same period in the previous year, the firm earned $0.43 earnings per share. Donaldson’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts anticipate that Donaldson Company, Inc. will post ($0.38) EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 28th. Stockholders of record on Monday, June 12th were paid a $0.175 dividend. The ex-dividend date of this dividend was Thursday, June 8th. This represents a $0.70 annualized dividend and a dividend yield of 1.50%. Donaldson’s dividend payout ratio (DPR) is presently 41.92%.

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A number of research firms recently weighed in on DCI. Zacks Investment Research raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Friday, May 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $48.00 price objective (up previously from $45.00) on shares of Donaldson in a research report on Friday, June 2nd. BidaskClub raised shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Donaldson in a research report on Thursday, June 1st. Finally, Jefferies Group LLC raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Wednesday, May 31st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $48.25.

In other news, Director John Wiehoff sold 14,400 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $46.33, for a total value of $667,152.00. Following the completion of the transaction, the director now directly owns 59,001 shares in the company, valued at $2,733,516.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is currently owned by corporate insiders.

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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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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