Donaldson Company, Inc. $DCI Shares Sold by Dudley & Shanley Inc.

Dudley & Shanley Inc. reduced its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 4.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 260,170 shares of the industrial products company’s stock after selling 12,160 shares during the period. Donaldson makes up 3.6% of Dudley & Shanley Inc.’s holdings, making the stock its 10th biggest holding. Dudley & Shanley Inc.’s holdings in Donaldson were worth $22,645,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in shares of Donaldson by 5.4% during the 3rd quarter. Versant Capital Management Inc now owns 5,786 shares of the industrial products company’s stock valued at $504,000 after purchasing an additional 294 shares during the last quarter. QRG Capital Management Inc. bought a new position in Donaldson in the 2nd quarter valued at approximately $272,000. Engineers Gate Manager LP bought a new stake in shares of Donaldson during the second quarter worth $1,282,000. Squarepoint Ops LLC increased its holdings in shares of Donaldson by 16.4% during the second quarter. Squarepoint Ops LLC now owns 27,249 shares of the industrial products company’s stock worth $2,446,000 after buying an additional 3,831 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Donaldson by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 31,957 shares of the industrial products company’s stock valued at $2,869,000 after acquiring an additional 273 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

Donaldson Trading Up 1.2%

Shares of DCI traded up $1.04 during mid-day trading on Tuesday, reaching $90.23. 119,537 shares of the company were exchanged, compared to its average volume of 716,608. The business has a 50 day simple moving average of $91.48 and a two-hundred day simple moving average of $88.37. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.41 and a current ratio of 2.08. The stock has a market capitalization of $10.46 billion, a PE ratio of 23.44, a PEG ratio of 2.05 and a beta of 0.87. Donaldson Company, Inc. has a 52 week low of $79.42 and a 52 week high of $112.84.

Donaldson (NYSE:DCI) last released its earnings results on Tuesday, August 25th. The industrial products company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, analysts predict that Donaldson Company, Inc. will post 4.33 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, August 17th. Donaldson’s dividend payout ratio (DPR) is currently 33.25%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DCI. Weiss Ratings upgraded Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Wall Street Zen cut Donaldson from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Morgan Stanley upped their price objective on Donaldson from $91.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 29th. Stifel Nicolaus set a $95.00 price objective on shares of Donaldson in a report on Friday, August 28th. Finally, Robert W. Baird boosted their target price on shares of Donaldson from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $101.67.

Donaldson Company Profile

Donaldson Company, Inc is a global manufacturer of filtration systems and related products. Founded in 1915 by Frank Donaldson, the company develops solutions that help protect engines, equipment, industrial processes and the environment from airborne and liquid contaminants.

Donaldson serves the engine and industrial markets. Its products include air and liquid filters, exhaust and emissions systems, hydraulic and fuel filtration products, dust and fume collectors, compressed-air and gas filtration systems, and filtration solutions for manufacturing, energy, transportation, agriculture, construction and other applications.