BlackRock Inc. boosted its position in Donaldson Company, Inc. (NYSE:DCI) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,222,657 shares of the industrial products company’s stock after acquiring an additional 39,755 shares during the period. BlackRock Inc. owned 8.70% of Donaldson worth $506,366,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. bought a new position in Donaldson in the first quarter valued at about $149,000. Ledyard National Bank boosted its holdings in Donaldson by 39.0% in the second quarter. Ledyard National Bank now owns 4,313 shares of the industrial products company’s stock valued at $195,000 after acquiring an additional 1,210 shares during the last quarter. Atria Investments LLC bought a new position in Donaldson in the first quarter valued at about $200,000. CIBC Asset Management Inc bought a new position in Donaldson in the second quarter valued at about $210,000. Finally, Wedbush Securities Inc. bought a new position in Donaldson in the second quarter valued at about $212,000. Institutional investors and hedge funds own 80.19% of the company’s stock.
Shares of DCI opened at $55.57 on Friday. The company has a current ratio of 3.14, a quick ratio of 2.28 and a debt-to-equity ratio of 0.82. Donaldson Company, Inc. has a 1 year low of $42.91 and a 1 year high of $56.30. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 33.09, a P/E/G ratio of 1.93 and a beta of 1.22.
Donaldson (NYSE:DCI) last issued its earnings results on Thursday, September 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.58. Donaldson had a return on equity of 30.15% and a net margin of 5.47%. The firm had revenue of $724.70 million for the quarter, compared to analysts’ expectations of $727.79 million. During the same quarter last year, the business earned $0.51 earnings per share. The company’s revenue was up 9.8% compared to the same quarter last year. equities analysts predict that Donaldson Company, Inc. will post 1.99 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 30th. Shareholders of record on Tuesday, August 14th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Monday, August 13th. Donaldson’s dividend payout ratio (DPR) is currently 44.97%.
In other Donaldson news, Director Michael J. Hoffman sold 14,400 shares of the firm’s 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 in the company, valued at $1,954,105.20. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.09% of the stock is currently owned by company insiders.
DCI has been the topic of several recent research reports. Zacks Investment Research cut Donaldson from a “buy” rating to a “hold” rating in a report on Tuesday, May 15th. Stifel Nicolaus decreased their price target on Donaldson from $51.00 to $46.00 and set a “hold” rating on the stock in a report on Friday, June 1st. TheStreet upgraded Donaldson from a “c+” rating to a “b+” rating in a report on Thursday, May 31st. Oppenheimer reiterated a “hold” rating on shares of Donaldson in a report on Thursday. Finally, ValuEngine upgraded Donaldson from a “hold” rating to a “buy” rating in a report on Friday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.20.
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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