Allianz Asset Management GmbH Lowers Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Allianz Asset Management GmbH trimmed its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 41.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,584 shares of the industrial products company's stock after selling 40,142 shares during the period. Allianz Asset Management GmbH's holdings in Donaldson were worth $3,862,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Colonial Trust Co SC purchased a new stake in shares of Donaldson during the fourth quarter worth $25,000. Cullen Frost Bankers Inc. purchased a new position in Donaldson in the first quarter valued at $29,000. Johnson Financial Group Inc. grew its holdings in shares of Donaldson by 48.8% during the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock worth $42,000 after purchasing an additional 195 shares during the last quarter. Wood Tarver Financial Group LLC purchased a new position in shares of Donaldson during the fourth quarter worth about $42,000. Finally, CX Institutional purchased a new position in shares of Donaldson during the first quarter worth about $53,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DCI shares. Stifel Nicolaus decreased their target price on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Wall Street Zen cut shares of Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Morgan Stanley reaffirmed an "underweight" rating and issued a $69.00 target price (up from $65.00) on shares of Donaldson in a report on Friday, June 6th. Finally, Robert W. Baird increased their target price on shares of Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th.

Donaldson Price Performance

Shares of DCI traded down $1.20 during mid-day trading on Friday, reaching $70.77. 161,077 shares of the company's stock were exchanged, compared to its average volume of 585,024. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 0.44. The company has a 50-day simple moving average of $70.10 and a two-hundred day simple moving average of $68.60. Donaldson Company, Inc. has a 52-week low of $57.45 and a 52-week high of $78.95. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 1.87 and a beta of 0.98.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.04. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The business had revenue of $940.10 million during the quarter, compared to analysts' expectations of $936.02 million. During the same period last year, the company posted $0.92 EPS. The company's revenue was up 1.3% on a year-over-year basis. On average, sell-side analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, August 12th. Donaldson's payout ratio is presently 40.27%.

Donaldson Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.