Mutual of America Capital Management LLC cut its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,045 shares of the industrial products company’s stock after selling 154 shares during the period. Mutual of America Capital Management LLC owned about 0.08% of Donaldson worth $4,829,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Alps Advisors Inc. grew its position in Donaldson by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 10,756 shares of the industrial products company’s stock worth $490,000 after acquiring an additional 28 shares during the last quarter. Cadence Capital Management LLC grew its position in Donaldson by 0.4% during the 2nd quarter. Cadence Capital Management LLC now owns 30,506 shares of the industrial products company’s stock worth $1,389,000 after acquiring an additional 123 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in Donaldson by 0.5% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 26,524 shares of the industrial products company’s stock worth $1,208,000 after acquiring an additional 137 shares during the last quarter. Liberty Mutual Group Asset Management Inc. grew its position in Donaldson by 0.3% during the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 59,312 shares of the industrial products company’s stock worth $2,700,000 after acquiring an additional 190 shares during the last quarter. Finally, Creative Planning grew its position in Donaldson by 0.3% during the 2nd quarter. Creative Planning now owns 75,924 shares of the industrial products company’s stock worth $3,458,000 after acquiring an additional 193 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Donaldson Company, Inc. (NYSE DCI) opened at 45.43 on Friday. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 26.11 and a beta of 1.21. The firm has a 50-day moving average price of $46.22 and a 200-day moving average price of $46.01. Donaldson Company, Inc. has a 12 month low of $35.85 and a 12 month high of $48.91.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, September 7th. The industrial products company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.02). The firm had revenue of $660.10 million for the quarter, compared to analyst estimates of $634.41 million. Donaldson had a net margin of 9.81% and a return on equity of 28.14%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 earnings per share. On average, equities analysts anticipate that Donaldson Company, Inc. will post ($0.38) earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Friday, August 11th. This is a boost from Donaldson’s previous quarterly dividend of $0.18. Donaldson’s payout ratio is presently 41.38%.

COPYRIGHT VIOLATION WARNING: “Donaldson Company, Inc. (DCI) Shares Sold by Mutual of America Capital Management LLC” was published by Daily Political and is the property of of Daily Political. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/09/23/donaldson-company-inc-dci-shares-sold-by-mutual-of-america-capital-management-llc.html.

DCI has been the topic of a number of research analyst reports. BidaskClub lowered Donaldson from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Jefferies Group LLC upgraded Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Wednesday, May 31st. Zacks Investment Research upgraded Donaldson from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Wednesday, May 31st. Stifel Nicolaus restated a “hold” rating and set a $48.00 price target (up from $45.00) on shares of Donaldson in a research report on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Donaldson in a research report on Thursday, June 1st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $49.50.

Donaldson 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.

Want to see what other hedge funds are holding DCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Donaldson Company, Inc. (NYSE:DCI).

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

Receive News & Ratings for Donaldson Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Donaldson Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.