OppenheimerFunds Inc. lifted its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 14.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,440 shares of the industrial products company’s stock after acquiring an additional 2,050 shares during the period. OppenheimerFunds Inc.’s holdings in Donaldson were worth $741,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Rockefeller Capital Management L.P. acquired a new stake in shares of Donaldson during the first quarter worth $149,000. Advisor Group Inc. lifted its holdings in shares of Donaldson by 91.3% during the fourth quarter. Advisor Group Inc. now owns 3,139 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 1,498 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Donaldson by 51.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,235 shares of the industrial products company’s stock worth $158,000 after purchasing an additional 1,100 shares during the period. Atria Investments LLC acquired a new stake in shares of Donaldson during the first quarter worth $200,000. Finally, ETRADE Capital Management LLC acquired a new stake in shares of Donaldson during the fourth quarter worth $202,000. Institutional investors and hedge funds own 77.32% of the company’s stock.
In other Donaldson news, Director John Wiehoff sold 14,400 shares of the firm’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $47.86, for a total value of $689,184.00. Following the completion of the sale, the director now owns 62,620 shares of the company’s stock, valued at $2,996,993.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.09% of the stock is currently owned by company insiders.
Donaldson opened at $45.82 on Monday, MarketBeat reports. Donaldson Company, Inc. has a one year low of $42.59 and a one year high of $52.20. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.14 and a quick ratio of 2.28. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 23.74, a price-to-earnings-growth ratio of 2.00 and a beta of 1.16.
Donaldson (NYSE:DCI) last released its earnings results on Thursday, May 31st. The industrial products company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Donaldson had a return on equity of 30.15% and a net margin of 5.47%. The company had revenue of $700.00 million during the quarter, compared to the consensus estimate of $682.68 million. During the same quarter last year, the company earned $0.45 earnings per share. Donaldson’s quarterly revenue was up 15.1% compared to the same quarter last year. analysts predict that Donaldson Company, Inc. will post 1.99 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Monday, June 11th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, June 8th. This represents a $0.76 dividend on an annualized basis and a yield of 1.66%. This is an increase from Donaldson’s previous quarterly dividend of $0.18. Donaldson’s dividend payout ratio (DPR) is 44.97%.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Donaldson from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Thursday, May 17th. Stifel Nicolaus decreased their price target on Donaldson from $51.00 to $46.00 and set a “hold” rating for the company in a report on Friday, June 1st. TheStreet raised Donaldson from a “c+” rating to a “b+” rating in a report on Thursday, May 31st. Finally, Gabelli raised Donaldson from a “neutral” rating to a “buy” rating in a report on Wednesday, March 7th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $50.60.
Donaldson Company 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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