Palisade Asset Management LLC increased its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 10.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,108 shares of the industrial products company’s stock after buying an additional 9,198 shares during the quarter. Palisade Asset Management LLC owned 0.08% of Donaldson worth $4,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc grew its stake in Donaldson by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 12,475,701 shares of the industrial products company’s stock worth $726,835,000 after buying an additional 84,864 shares during the last quarter. BlackRock Inc. grew its stake in Donaldson by 0.9% during the 4th quarter. BlackRock Inc. now owns 11,367,420 shares of the industrial products company’s stock worth $493,234,000 after buying an additional 103,485 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in Donaldson by 4,293.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,243,003 shares of the industrial products company’s stock worth $52,000 after buying an additional 2,191,949 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Donaldson by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,941,001 shares of the industrial products company’s stock worth $113,084,000 after acquiring an additional 8,545 shares during the period. Finally, BTIM Corp. lifted its position in Donaldson by 1.0% during the 4th quarter. BTIM Corp. now owns 1,604,801 shares of the industrial products company’s stock worth $69,632,000 after acquiring an additional 15,488 shares during the period. Hedge funds and other institutional investors own 79.96% of the company’s stock.
DCI has been the subject of a number of research reports. ValuEngine cut Donaldson from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Robert W. Baird reissued a “hold” rating and issued a $52.00 price objective on shares of Donaldson in a report on Friday, December 21st. Finally, Zacks Investment Research cut Donaldson from a “hold” rating to a “sell” rating in a report on Tuesday, February 5th. Six research analysts have rated the stock with a hold rating, Donaldson presently has a consensus rating of “Hold” and an average target price of $55.25.
In related news, Director Willard D. Oberton sold 14,400 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $49.10, for a total value of $707,040.00. Following the completion of the transaction, the director now owns 33,172 shares of the company’s stock, valued at approximately $1,628,745.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Tod E. Carpenter sold 4,000 shares of the company’s stock in a transaction dated Friday, March 29th. The stock was sold at an average price of $50.02, for a total value of $200,080.00. Following the completion of the transaction, the chairman now directly owns 102,037 shares of the company’s stock, valued at approximately $5,103,890.74. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.
NYSE DCI traded down $0.35 during trading hours on Monday, reaching $52.65. The company’s stock had a trading volume of 151,991 shares, compared to its average volume of 461,396. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 2.07 and a beta of 1.43. Donaldson Company, Inc. has a 1-year low of $40.27 and a 1-year high of $59.43. The company has a current ratio of 2.35, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72.
Donaldson (NYSE:DCI) last released its quarterly earnings results on Wednesday, March 6th. The industrial products company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). The business had revenue of $703.70 million during the quarter, compared to analyst estimates of $719.40 million. Donaldson had a return on equity of 32.75% and a net margin of 10.82%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. Equities analysts predict that Donaldson Company, Inc. will post 2.33 EPS for the current fiscal year.
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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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