Voya Investment Management LLC lessened its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,942 shares of the industrial products company’s stock after selling 69 shares during the period. Voya Investment Management LLC’s holdings in Donaldson were worth $2,274,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its position in Donaldson by 68.9% during the second quarter. BNP Paribas Arbitrage SA now owns 49,853 shares of the industrial products company’s stock valued at $2,270,000 after acquiring an additional 20,345 shares during the period. American Century Companies Inc. grew its position in Donaldson by 1.3% during the second quarter. American Century Companies Inc. now owns 1,203,977 shares of the industrial products company’s stock valued at $54,829,000 after acquiring an additional 15,748 shares during the period. Blair William & Co. IL grew its position in Donaldson by 3.6% during the second quarter. Blair William & Co. IL now owns 24,116 shares of the industrial products company’s stock valued at $1,098,000 after acquiring an additional 830 shares during the period. Principal Financial Group Inc. grew its position in Donaldson by 55.7% during the second quarter. Principal Financial Group Inc. now owns 1,252,691 shares of the industrial products company’s stock valued at $57,048,000 after acquiring an additional 448,320 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in Donaldson by 1.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,841,796 shares of the industrial products company’s stock valued at $83,876,000 after acquiring an additional 30,614 shares during the period. 78.23% of the stock is owned by hedge funds and other institutional investors.

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Shares of Donaldson Company, Inc. (DCI) opened at 46.91 on Tuesday. The firm’s 50-day moving average price is $45.73 and its 200-day moving average price is $46.16. The stock has a market cap of $6.09 billion, a P/E ratio of 26.96 and a beta of 1.22. Donaldson Company, Inc. has a 52-week low of $35.85 and a 52-week high of $48.91.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). The company had revenue of $660.10 million during 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 business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS. On average, equities research analysts forecast that Donaldson Company, Inc. will post ($0.38) earnings per share for the current fiscal year.

DCI has been the subject of a number of research reports. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price target (down previously from $48.00) on shares of Donaldson in a research report on Friday, September 8th. Robert W. Baird reissued a “hold” rating and set a $47.00 price target on shares of Donaldson in a research report on Friday, September 8th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Donaldson in a research report on Thursday, September 7th. BidaskClub raised Donaldson from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, Zacks Investment Research downgraded Donaldson from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Donaldson currently has an average rating of “Hold” and a consensus target price of $48.67.

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.

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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