Dudley & Shanley Inc. Trims Holdings in Donaldson Company, Inc. $DCI

Key Points

• Dudley & Shanley reduced its Donaldson holdings by 4.5% in the third quarter, selling 12,160 shares and retaining 260,170 shares worth approximately $22.6 million. Institutional investors collectively own 82.81% of DCI.
• Analyst sentiment remains favorable, with Donaldson receiving a consensus “Moderate Buy” rating and an average price target of $101.67. Robert W. Baird raised its target to $110, while Morgan Stanley increased its target to $95.
• Donaldson reported quarterly earnings of $1.15 per share, exceeding estimates by $0.02, while revenue rose 8% year over year to $1.06 billion. The company also declared a quarterly dividend of $0.32, equivalent to a 1.4% annualized yield.

Dudley & Shanley Inc. lowered its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 4.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 260,170 shares of the industrial products company's stock after selling 12,160 shares during the quarter. Donaldson accounts for about 3.6% of Dudley & Shanley Inc.'s portfolio, making the stock its 10th biggest position. Dudley & Shanley Inc. owned about 0.22% of Donaldson worth $22,645,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DCI. Versant Capital Management Inc lifted its position in Donaldson by 5.4% during the 3rd quarter. Versant Capital Management Inc now owns 5,786 shares of the industrial products company's stock worth $504,000 after buying an additional 294 shares in the last quarter. QRG Capital Management Inc. acquired a new position in Donaldson during the second quarter valued at approximately $272,000. Engineers Gate Manager LP bought a new position in Donaldson in the second quarter valued at approximately $1,282,000. Squarepoint Ops LLC boosted its holdings in shares of Donaldson by 16.4% in the 2nd quarter. Squarepoint Ops LLC now owns 27,249 shares of the industrial products company's stock valued at $2,446,000 after buying an additional 3,831 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in Donaldson by 0.9% in the second quarter. Arizona State Retirement System now owns 31,957 shares of the industrial products company's stock valued at $2,869,000 after acquiring an additional 273 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Analysts Set New Price Targets

DCI has been the topic of several research analyst reports. Stifel Nicolaus set a $95.00 price objective on Donaldson in a research note on Friday, August 28th. Weiss Ratings raised Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, August 20th. Robert W. Baird upped their price objective on shares of Donaldson from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, August 27th. Morgan Stanley raised their target price on shares of Donaldson from $91.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 29th. Finally, Wall Street Zen downgraded shares of Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, September 19th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Donaldson has an average rating of "Moderate Buy" and a consensus target price of $101.67.

Donaldson Stock Performance

Shares of DCI traded up $1.04 during mid-day trading on Tuesday, hitting $90.23. 119,537 shares of the company's stock were exchanged, compared to its average volume of 716,608. The company has a quick ratio of 1.41, a current ratio of 2.08 and a debt-to-equity ratio of 0.73. Donaldson Company, Inc. has a 52 week low of $79.42 and a 52 week high of $112.84. The stock's 50-day simple moving average is $91.48 and its 200-day simple moving average is $88.37. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 2.05 and a beta of 0.87.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. Donaldson had a return on equity of 28.68% and a net margin of 11.68%.The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities research analysts expect that Donaldson Company, Inc. will post 4.33 EPS for the current year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, August 17th. Donaldson's payout ratio is 33.25%.

Donaldson Profile

Donaldson Company, Inc is a global manufacturer of filtration systems and related products. Founded in 1915 by Frank Donaldson, the company develops solutions that help protect engines, equipment, industrial processes and the environment from airborne and liquid contaminants.

Donaldson serves the engine and industrial markets. Its products include air and liquid filters, exhaust and emissions systems, hydraulic and fuel filtration products, dust and fume collectors, compressed-air and gas filtration systems, and filtration solutions for manufacturing, energy, transportation, agriculture, construction and other applications.

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