Hemenway Trust Co LLC Has $460,000 Stake in Donaldson Company, Inc. (NYSE:DCI)

Hemenway Trust Co LLC lowered its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 9.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 10,100 shares of the industrial products company’s stock after selling 1,000 shares during the period. Hemenway Trust Co LLC’s holdings in Donaldson were worth $460,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DCI. Mckinley Capital Management LLC Delaware bought a new stake in shares of Donaldson during the first quarter valued at about $202,000. AQR Capital Management LLC bought a new stake in shares of Donaldson during the fourth quarter valued at about $791,000. Louisiana State Employees Retirement System boosted its stake in shares of Donaldson by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the industrial products company’s stock valued at $1,516,000 after buying an additional 600 shares during the period. Mountain Pacific Investment Advisers Inc. ID boosted its stake in shares of Donaldson by 4.3% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 650,927 shares of the industrial products company’s stock valued at $29,630,000 after buying an additional 26,901 shares during the period. Finally, Confluence Investment Management LLC boosted its stake in shares of Donaldson by 5.4% in the first quarter. Confluence Investment Management LLC now owns 327,359 shares of the industrial products company’s stock valued at $14,901,000 after buying an additional 16,723 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Company, Inc. (DCI) traded up 0.13% during midday trading on Friday, hitting $46.35. The stock had a trading volume of 333,855 shares. The stock has a 50 day moving average of $46.71 and a 200 day moving average of $45.51. Donaldson Company, Inc. has a 12 month low of $35.59 and a 12 month high of $48.91. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 27.59 and a beta of 1.22.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, June 1st. The industrial products company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $608.20 million for the quarter, compared to analyst estimates of $580.44 million. Donaldson had a net margin of 9.72% and a return on equity of 28.12%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 earnings per share. Analysts expect that Donaldson Company, Inc. will post ($0.38) EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, August 11th. This represents a $0.72 dividend on an annualized basis and a yield of 1.55%. This is a positive change from Donaldson’s previous quarterly dividend of $0.18. Donaldson’s dividend payout ratio (DPR) is 43.11%.

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DCI has been the topic of several recent research reports. Zacks Investment Research raised Donaldson from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Wednesday, May 24th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Donaldson in a report on Thursday, June 1st. Jefferies Group LLC upgraded Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Wednesday, May 31st. BidaskClub upgraded Donaldson from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $48.00 price objective (up previously from $45.00) on shares of Donaldson in a report on Friday, June 2nd. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $48.25.

In other Donaldson news, Director Michael J. Hoffman sold 14,400 shares of the stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $46.84, for a total transaction of $674,496.00. Following the transaction, the director now owns 41,473 shares of the company’s stock, valued at $1,942,595.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.88% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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