Gabelli Funds LLC Reduces Stake in Donaldson Company, Inc. (DCI)

Gabelli Funds LLC decreased its position in Donaldson Company, Inc. (NYSE:DCI) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,056,700 shares of the industrial products company’s stock after selling 27,000 shares during the period. Gabelli Funds LLC owned approximately 0.81% of Donaldson worth $48,122,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. boosted its stake in Donaldson by 14.1% in the first quarter. Russell Investments Group Ltd. now owns 50,054 shares of the industrial products company’s stock worth $2,278,000 after buying an additional 6,170 shares during the last quarter. Gamble Jones Investment Counsel acquired a new stake in Donaldson during the first quarter worth about $229,000. Mondrian Investment Partners LTD boosted its stake in Donaldson by 34.2% in the first quarter. Mondrian Investment Partners LTD now owns 36,389 shares of the industrial products company’s stock worth $1,656,000 after buying an additional 9,267 shares during the last quarter. Dubuque Bank & Trust Co. boosted its stake in Donaldson by 8.2% in the first quarter. Dubuque Bank & Trust Co. now owns 10,463 shares of the industrial products company’s stock worth $476,000 after buying an additional 794 shares during the last quarter. Finally, First Quadrant L P CA boosted its stake in Donaldson by 24.8% in the first quarter. First Quadrant L P CA now owns 556,169 shares of the industrial products company’s stock worth $25,317,000 after buying an additional 110,673 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Shares of Donaldson Company, Inc. (NYSE:DCI) opened at 46.29 on Friday. Donaldson Company, Inc. has a 12-month low of $35.59 and a 12-month high of $48.91. The stock has a 50 day moving average price of $46.67 and a 200 day moving average price of $45.48. The firm has a market cap of $6.07 billion, a P/E ratio of 27.55 and a beta of 1.22.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Thursday, June 1st. The industrial products company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The firm had revenue of $608.20 million during the quarter, compared to the consensus estimate of $580.44 million. Donaldson had a return on equity of 28.12% and a net margin of 9.72%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. On average, equities analysts expect that Donaldson Company, Inc. will post ($0.38) earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.18 per share. This is an increase from Donaldson’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, August 11th. This represents a $0.72 annualized dividend and a dividend yield of 1.56%. Donaldson’s payout ratio is currently 43.11%.

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A number of equities analysts have weighed in on DCI shares. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Donaldson in a research report on Thursday, June 1st. Zacks Investment Research downgraded Donaldson from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. BidaskClub downgraded Donaldson from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Jefferies Group LLC raised Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Wednesday, May 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $48.00 price target (up previously from $45.00) on shares of Donaldson in a research report on Friday, June 2nd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $48.25.

In other news, Director John Wiehoff sold 14,400 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $46.33, for a total transaction of $667,152.00. Following the completion of the sale, the director now owns 59,001 shares in the company, valued at $2,733,516.33. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.88% of the company’s stock.

Donaldson Company Profile

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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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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