Mcdaniel Terry & Co. Decreases Holdings in Donaldson Company, Inc. (DCI)
Mcdaniel Terry & Co. trimmed its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 545,063 shares of the industrial products company’s stock after selling 5,057 shares during the period. Donaldson makes up about 4.8% of Mcdaniel Terry & Co.’s holdings, making the stock its 4th largest holding. Mcdaniel Terry & Co. owned about 0.42% of Donaldson worth $24,822,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Schroder Investment Management Group acquired a new position in Donaldson during the first quarter worth $154,000. Northwestern Mutual Wealth Management Co. lifted its stake in Donaldson by 5.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 217 shares in the last quarter. Tyers Asset Management LLC lifted its stake in Donaldson by 16.5% during the first quarter. Tyers Asset Management LLC now owns 4,416 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 624 shares in the last quarter. Mosaic Family Wealth LLC lifted its stake in Donaldson by 5.1% during the second quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock worth $202,000 after purchasing an additional 213 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware acquired a new position in Donaldson during the first quarter worth $202,000. Institutional investors own 77.91% of the company’s stock.
A number of research firms have commented on DCI. Stifel Nicolaus restated a “hold” rating and set a $45.00 price target (down from $48.00) on shares of Donaldson in a research note on Friday. Robert W. Baird reiterated a “hold” rating and issued a $47.00 price objective on shares of Donaldson in a research note on Friday. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Donaldson in a research note on Thursday. BidaskClub upgraded Donaldson from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research cut Donaldson from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $49.50.
In other Donaldson news, Director John Wiehoff sold 14,400 shares of the business’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 transaction, the director now owns 59,001 shares in the company, valued at approximately $2,733,516.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.88% of the company’s stock.
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Shares of Donaldson Company, Inc. (NYSE DCI) traded up 0.104% during mid-day trading on Monday, hitting $43.475. The stock had a trading volume of 100,056 shares. The company’s 50 day moving average price is $46.76 and its 200 day moving average price is $45.98. The stock has a market cap of $5.70 billion, a P/E ratio of 25.878 and a beta of 1.21. Donaldson Company, Inc. has a 12-month low of $35.80 and a 12-month high of $48.91.
Donaldson (NYSE:DCI) last issued its quarterly earnings data on Thursday, September 7th. The industrial products company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by $0.02. Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The firm had revenue of $660.10 million during the quarter, compared to analyst estimates of $634.41 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts predict that Donaldson Company, Inc. will post ($0.38) EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.72 dividend on an annualized basis and a yield of 1.66%. This is a positive change from Donaldson’s previous quarterly dividend of $0.18. Donaldson’s payout ratio is currently 41.38%.
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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