UBS Asset Management Americas Inc. lessened its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 9.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,265,541 shares of the industrial products company’s stock after selling 133,499 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.97% of Donaldson worth $57,633,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Rafferty Asset Management LLC bought a new stake in Donaldson during the 2nd quarter valued at $825,000. New York State Common Retirement Fund boosted its position in Donaldson by 5.1% during the 2nd quarter. New York State Common Retirement Fund now owns 771,884 shares of the industrial products company’s stock valued at $35,152,000 after acquiring an additional 37,171 shares in the last quarter. Birch Hill Investment Advisors LLC boosted its position in Donaldson by 2.7% during the 2nd quarter. Birch Hill Investment Advisors LLC now owns 777,406 shares of the industrial products company’s stock valued at $35,403,000 after acquiring an additional 20,360 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in Donaldson by 10.9% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,142,321 shares of the industrial products company’s stock valued at $52,021,000 after acquiring an additional 111,925 shares in the last quarter. Finally, Laurion Capital Management LP bought a new stake in Donaldson during the 2nd quarter valued at $431,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of Donaldson Company, Inc. (NYSE DCI) opened at 45.43 on Monday. Donaldson Company, Inc. has a one year low of $35.85 and a one year high of $48.91. The stock’s 50 day moving average price is $46.22 and its 200 day moving average price is $46.01. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 26.11 and a beta of 1.21.

Donaldson (NYSE:DCI) last issued its earnings results 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). The firm had revenue of $660.10 million for the quarter, compared to analyst estimates of $634.41 million. Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS. Analysts forecast that Donaldson Company, Inc. will post ($0.38) earnings per share for the current year.

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

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Several brokerages have issued reports on DCI. BidaskClub cut Donaldson from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research raised Donaldson from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Friday, June 9th. Stifel Nicolaus reaffirmed a “hold” rating and set a $48.00 target price (up previously from $45.00) on shares of Donaldson in a research report on Friday, June 2nd. Finally, Jefferies Group LLC raised Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Wednesday, May 31st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Donaldson currently has an average rating of “Hold” and a consensus 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.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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