Swiss National Bank grew its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 2.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 233,600 shares of the industrial products company’s stock after acquiring an additional 5,500 shares during the period. Swiss National Bank’s holdings in Donaldson were worth $11,694,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its stake in Donaldson by 4,293.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,243,003 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 2,191,949 shares during the last quarter. Pictet Asset Management Ltd. lifted its stake in Donaldson by 104.4% during the first quarter. Pictet Asset Management Ltd. now owns 1,627,516 shares of the industrial products company’s stock worth $81,473,000 after purchasing an additional 831,322 shares during the last quarter. Norges Bank bought a new position in Donaldson during the fourth quarter worth $35,668,000. BTIM Corp. lifted its stake in Donaldson by 20.4% during the first quarter. BTIM Corp. now owns 1,932,699 shares of the industrial products company’s stock worth $96,751,000 after purchasing an additional 327,898 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Donaldson by 1.7% during the first quarter. BlackRock Inc. now owns 11,562,764 shares of the industrial products company’s stock worth $578,833,000 after purchasing an additional 195,344 shares during the last quarter. Institutional investors own 80.07% of the company’s stock.
In other news, Chairman Tod E. Carpenter sold 4,000 shares of the firm’s stock in a transaction on Friday, March 29th. The stock was sold at an average price of $50.02, for a total transaction of $200,080.00. Following the transaction, the chairman now directly owns 102,037 shares of the company’s stock, valued at $5,103,890.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Willard D. Oberton sold 14,400 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $49.10, for a total value of $707,040.00. Following the transaction, the director now directly owns 33,172 shares in the company, valued at $1,628,745.20. The disclosure for this sale can be found here. Insiders have sold 32,800 shares of company stock worth $1,596,592 over the last three months. Corporate insiders own 1.35% of the company’s stock.
Separately, Zacks Investment Research cut Donaldson from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of $53.00.
NYSE DCI traded down $0.26 during trading hours on Wednesday, hitting $49.29. The company had a trading volume of 2,974 shares, compared to its average volume of 429,598. Donaldson Company, Inc. has a fifty-two week low of $40.27 and a fifty-two week high of $59.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.63 and a quick ratio of 1.82. The firm has a market capitalization of $6.30 billion, a PE ratio of 24.52, a P/E/G ratio of 2.05 and a beta of 1.47.
Donaldson (NYSE:DCI) last issued its quarterly earnings results on Tuesday, June 4th. The industrial products company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.04). The business had revenue of $713.00 million for the quarter, compared to analyst estimates of $745.05 million. Donaldson had a net margin of 10.96% and a return on equity of 32.30%. Donaldson’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the business posted $0.53 earnings per share. Equities research analysts expect that Donaldson Company, Inc. will post 2.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.70%. This is a positive change from Donaldson’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, June 12th. Donaldson’s dividend payout ratio (DPR) is 38.00%.
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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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