Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Entropy Technologies LP

Entropy Technologies LP lessened its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 77.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,246 shares of the industrial products company's stock after selling 14,924 shares during the quarter. Entropy Technologies LP's holdings in Donaldson were worth $285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Colonial Trust Co SC acquired a new stake in Donaldson during the 4th quarter worth $25,000. Cullen Frost Bankers Inc. acquired a new stake in Donaldson during the 1st quarter worth $29,000. Johnson Financial Group Inc. boosted its stake in Donaldson by 48.8% during the 4th 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 acquired a new stake in Donaldson during the 4th quarter worth $42,000. Finally, CX Institutional acquired a new stake in Donaldson during the 1st quarter worth $53,000. Institutional investors and hedge funds own 82.81% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on DCI. Wall Street Zen cut shares of Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Morgan Stanley reiterated an "underweight" rating and set a $69.00 price target (up previously from $65.00) on shares of Donaldson in a report on Friday, June 6th. Finally, Robert W. Baird lifted their price target on Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th.

Donaldson Stock Down 1.8%

NYSE DCI opened at $74.38 on Friday. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95. 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 business's fifty day simple moving average is $70.79 and its 200-day simple moving average is $68.73. The firm has a market cap of $8.67 billion, a PE ratio of 24.96, a P/E/G ratio of 1.85 and a beta of 0.99.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. The business had revenue of $940.10 million for the quarter, compared to analyst estimates of $936.02 million. Donaldson had a return on equity of 28.86% and a net margin of 9.94%. The company's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. As a group, equities analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, August 12th. Donaldson's payout ratio is 40.27%.

Donaldson Company 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.

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