Vident Investment Advisory LLC raised its stake in Donaldson Company, Inc. (NYSE:DCI) by 29.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,514 shares of the industrial products company’s stock after buying an additional 5,388 shares during the quarter. Vident Investment Advisory LLC’s holdings in Donaldson were worth $1,061,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DCI. Profund Advisors LLC lifted its stake in shares of Donaldson by 7.2% in the 1st quarter. Profund Advisors LLC now owns 16,973 shares of the industrial products company’s stock valued at $765,000 after purchasing an additional 1,138 shares during the last quarter. Ledyard National Bank lifted its stake in shares of Donaldson by 39.0% in the 2nd quarter. Ledyard National Bank now owns 4,313 shares of the industrial products company’s stock valued at $195,000 after purchasing an additional 1,210 shares during the last quarter. Mason Street Advisors LLC lifted its stake in shares of Donaldson by 1.9% in the 1st quarter. Mason Street Advisors LLC now owns 65,247 shares of the industrial products company’s stock valued at $2,939,000 after purchasing an additional 1,247 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Donaldson by 2.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 51,016 shares of the industrial products company’s stock valued at $2,302,000 after purchasing an additional 1,461 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Donaldson by 20.6% in the 1st quarter. LPL Financial LLC now owns 8,800 shares of the industrial products company’s stock valued at $396,000 after purchasing an additional 1,505 shares during the last quarter. Institutional investors own 80.18% of the company’s stock.

In related news, Director Michael J. Hoffman sold 14,400 shares of the stock in a transaction dated Thursday, July 5th. The stock was sold at an average price of $44.70, for a total transaction of $643,680.00. Following the transaction, the director now owns 43,716 shares of the company’s stock, valued at approximately $1,954,105.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Richard Brent Lewis sold 3,209 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $58.99, for a total value of $189,298.91. Following the transaction, the vice president now directly owns 4,000 shares in the company, valued at approximately $235,960. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,009 shares of company stock worth $1,651,619. 1.09% of the stock is owned by corporate insiders.

DCI opened at $58.78 on Tuesday. Donaldson Company, Inc. has a 12-month low of $43.35 and a 12-month high of $59.22. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.58. The stock has a market cap of $7.61 billion, a P/E ratio of 29.39, a PEG ratio of 2.16 and a beta of 1.22.

Donaldson (NYSE:DCI) last posted its earnings results on Thursday, September 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. Donaldson had a return on equity of 31.09% and a net margin of 6.59%. The firm had revenue of $724.70 million for the quarter, compared to analyst estimates of $727.79 million. During the same quarter in the prior year, the company earned $0.51 EPS. Donaldson’s revenue was up 9.8% on a year-over-year basis. equities analysts forecast that Donaldson Company, Inc. will post 2.37 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 30th. Investors of record on Tuesday, August 14th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Monday, August 13th. Donaldson’s payout ratio is 38.00%.

Several equities analysts have recently commented on the company. Zacks Investment Research raised Donaldson from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Wednesday, August 1st. ValuEngine raised Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $54.00 price target (up previously from $46.00) on shares of Donaldson in a research note on Thursday, September 6th. TheStreet raised Donaldson from a “c+” rating to a “b+” rating in a research note on Thursday, May 31st. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Donaldson in a research note on Thursday, September 6th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $56.75.

Donaldson Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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