Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. decreased its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 56.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,662 shares of the industrial products company's stock after selling 95,872 shares during the period. Jupiter Asset Management Ltd. owned about 0.06% of Donaldson worth $4,873,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DCI. Impax Asset Management Group plc boosted its position in Donaldson by 27.5% during the 1st quarter. Impax Asset Management Group plc now owns 878,632 shares of the industrial products company's stock valued at $58,130,000 after acquiring an additional 189,580 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in Donaldson by 22.5% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,697 shares of the industrial products company's stock worth $248,000 after acquiring an additional 680 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Donaldson by 2.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 379,925 shares of the industrial products company's stock worth $25,478,000 after acquiring an additional 7,663 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Donaldson by 162.5% during the 1st quarter. GAMMA Investing LLC now owns 2,428 shares of the industrial products company's stock valued at $163,000 after buying an additional 1,503 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Donaldson by 78.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,555 shares of the industrial products company's stock valued at $372,000 after buying an additional 2,435 shares during the last quarter. Institutional investors own 82.81% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Robert W. Baird lifted their price objective on Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Wall Street Zen lowered Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Stifel Nicolaus lowered 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. Finally, Morgan Stanley restated an "underweight" rating and issued a $69.00 price objective (up previously from $65.00) on shares of Donaldson in a research note on Friday, June 6th.

Donaldson Price Performance

Donaldson stock traded up $0.77 during mid-day trading on Tuesday, reaching $72.42. The company had a trading volume of 403,720 shares, compared to its average volume of 512,126. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $78.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.94 and a quick ratio of 1.24. The company has a market capitalization of $8.44 billion, a P/E ratio of 24.30, a P/E/G ratio of 1.75 and a beta of 0.99. The stock's 50-day simple moving average is $70.22 and its 200-day simple moving average is $68.60.

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

Donaldson Dividend Announcement

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

About Donaldson

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.