North American Management Corp maintained its position in shares of Donaldson Company, Inc. (NYSE:DCI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,550 shares of the industrial products company’s stock at the end of the second quarter. North American Management Corp’s holdings in Donaldson were worth $1,027,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of Donaldson by 5,553.3% in the first quarter. BlackRock Inc. now owns 10,390,356 shares of the industrial products company’s stock worth $472,970,000 after buying an additional 10,206,564 shares during the last quarter. Norges Bank purchased a new stake in Donaldson during the fourth quarter worth $42,611,000. Vanguard Group Inc. raised its stake in Donaldson by 8.3% in the first quarter. Vanguard Group Inc. now owns 12,152,840 shares of the industrial products company’s stock worth $553,197,000 after buying an additional 930,432 shares during the period. Bank of New York Mellon Corp raised its stake in Donaldson by 25.9% in the first quarter. Bank of New York Mellon Corp now owns 2,411,896 shares of the industrial products company’s stock worth $109,787,000 after buying an additional 496,064 shares during the period. Finally, Prudential Financial Inc. raised its stake in Donaldson by 149.5% in the first quarter. Prudential Financial Inc. now owns 506,451 shares of the industrial products company’s stock worth $23,054,000 after buying an additional 303,430 shares during the period. 78.83% of the stock is owned by hedge funds and other institutional investors.
Donaldson Company, Inc. (NYSE:DCI) opened at 46.49 on Friday. The firm has a market capitalization of $6.09 billion, a P/E ratio of 27.67 and a beta of 1.22. The company’s 50-day moving average is $46.46 and its 200-day moving average is $45.34. Donaldson Company, Inc. has a 52-week low of $35.59 and a 52-week high of $48.91.
Donaldson (NYSE:DCI) last issued its earnings results on Thursday, June 1st. The industrial products company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Donaldson had a return on equity of 28.12% and a net margin of 9.72%. The company had revenue of $608.20 million for the quarter, compared to the consensus estimate of $580.44 million. During the same quarter in the prior year, the company earned $0.43 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts predict that Donaldson Company, Inc. will post ($0.38) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.55%. This is a boost from Donaldson’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, August 11th. Donaldson’s dividend payout ratio is currently 41.92%.
A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub raised shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Donaldson in a research report on Thursday, June 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $48.00 target price (up from $45.00) on shares of Donaldson in a research report on Friday, June 2nd. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $48.25.
In other news, Director John Wiehoff sold 14,400 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $46.33, for a total value of $667,152.00. Following the completion of the sale, the director now directly owns 59,001 shares of the company’s stock, valued at $2,733,516.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.88% of the stock is currently owned by corporate insiders.
Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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