Louisiana State Employees Retirement System increased its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,200 shares of the industrial products company’s stock after buying an additional 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Donaldson were worth $1,712,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Harvey Investment Co. LLC lifted its position in Donaldson by 1.7% during the 1st quarter. Harvey Investment Co. LLC now owns 216,903 shares of the industrial products company’s stock worth $10,858,000 after buying an additional 3,725 shares in the last quarter. CX Institutional acquired a new position in Donaldson during the 1st quarter valued at about $32,000. Deutsche Bank AG lifted its position in Donaldson by 40.9% during the 4th quarter. Deutsche Bank AG now owns 295,670 shares of the industrial products company’s stock valued at $12,827,000 after purchasing an additional 85,859 shares during the period. Geode Capital Management LLC lifted its position in Donaldson by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 1,309,517 shares of the industrial products company’s stock valued at $56,819,000 after purchasing an additional 80,514 shares during the period. Finally, Norges Bank acquired a new position in Donaldson during the 4th quarter valued at about $35,668,000. Institutional investors and hedge funds own 79.96% of the company’s stock.
Donaldson stock opened at $53.17 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 2.35. Donaldson Company, Inc. has a 1 year low of $40.27 and a 1 year high of $59.43. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 2.08 and a beta of 1.43.
Donaldson (NYSE:DCI) last released its earnings results on Wednesday, March 6th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). Donaldson had a net margin of 10.82% and a return on equity of 32.75%. The business had revenue of $703.70 million for the quarter, compared to analyst estimates of $719.40 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts forecast that Donaldson Company, Inc. will post 2.33 earnings per share for the current year.
DCI has been the topic of a number of research reports. ValuEngine downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Robert W. Baird restated a “hold” rating and set a $52.00 target price on shares of Donaldson in a research report on Friday, December 21st. Finally, Zacks Investment Research downgraded shares of Donaldson from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $55.25.
In other news, 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 sale, the chairman now directly owns 102,037 shares of the company’s stock, valued at approximately $5,103,890.74. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Willard D. Oberton sold 14,400 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $49.10, for a total value of $707,040.00. Following the completion of the sale, the director now directly owns 33,172 shares of the company’s stock, valued at $1,628,745.20. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.
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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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