National Planning Corp Holds Stake in Donaldson Company, Inc. (DCI)
National Planning Corp held its position in shares of Donaldson Company, Inc. (NYSE:DCI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,925 shares of the industrial products company’s stock at the end of the second quarter. National Planning Corp’s holdings in Donaldson were worth $543,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board increased its position in shares of Donaldson by 218.9% in the second quarter. Canada Pension Plan Investment Board now owns 281,900 shares of the industrial products company’s stock valued at $12,838,000 after buying an additional 193,500 shares in the last quarter. Blue Sky Asset Management LLC bought a new position in Donaldson during the second quarter valued at approximately $1,410,000. JLB & Associates Inc. bought a new position in Donaldson during the second quarter valued at approximately $699,000. Texas Permanent School Fund increased its position in Donaldson by 0.9% in the second quarter. Texas Permanent School Fund now owns 96,450 shares of the industrial products company’s stock valued at $4,392,000 after buying an additional 839 shares during the period. Finally, World Asset Management Inc increased its position in Donaldson by 10.1% in the second quarter. World Asset Management Inc now owns 10,023 shares of the industrial products company’s stock valued at $456,000 after buying an additional 918 shares during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.
Donaldson Company, Inc. (DCI) opened at 46.49 on Friday. Donaldson Company, Inc. has a 12-month low of $35.59 and a 12-month high of $48.91. The stock has a 50 day moving average of $46.50 and a 200 day moving average of $45.37. The stock has a market cap of $6.09 billion, a P/E ratio of 27.67 and a beta of 1.22.
Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, June 1st. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Donaldson had a net margin of 9.72% and a return on equity of 28.12%. The firm had revenue of $608.20 million for the quarter, compared to analysts’ expectations of $580.44 million. During the same quarter last year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Donaldson Company, Inc. will post ($0.38) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be paid a $0.18 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.72 dividend on an annualized basis and a yield of 1.55%. This is a boost from Donaldson’s previous quarterly dividend of $0.18. Donaldson’s dividend payout ratio (DPR) is currently 41.92%.
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DCI has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Jefferies Group LLC raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Wednesday, May 31st. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Donaldson in a report on Thursday, June 1st. Stifel Nicolaus reissued a “hold” rating and issued a $48.00 target price (up previously from $45.00) on shares of Donaldson in a report on Friday, June 2nd. Finally, BidaskClub downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Donaldson currently has a consensus rating of “Hold” and a consensus target price of $48.25.
In related news, Director Michael J. Hoffman sold 14,400 shares of Donaldson stock in a transaction on Monday, June 19th. The shares were sold at an average price of $46.84, for a total value of $674,496.00. Following the sale, the director now owns 41,473 shares of the company’s stock, valued at approximately $1,942,595.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.88% of the stock is currently owned by company 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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