Ontario Teachers Pension Plan Board Cuts Holdings in Donaldson Company, Inc. (NYSE:DCI)

Key Points

• The Ontario Teachers Pension Plan Board reduced its stake in Donaldson Company, Inc. by 54.2% during the first quarter, leaving them with 11,225 shares valued at $753,000.
• Donaldson recently announced a quarterly dividend of $0.30 per share, translating to an annual yield of 1.7%.
• Analysts forecast a growth in earnings, with expectations for Donaldson to post 3.64 EPS for the current fiscal year.

Ontario Teachers Pension Plan Board lowered its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 54.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,225 shares of the industrial products company's stock after selling 13,301 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Donaldson were worth $753,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Impax Asset Management Group plc lifted its stake in Donaldson by 27.5% in 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 buying an additional 189,580 shares in the last quarter. OneDigital Investment Advisors LLC lifted 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 valued at $248,000 after buying an additional 680 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted 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 valued at $25,478,000 after buying an additional 7,663 shares in the last quarter. GAMMA Investing LLC lifted its stake in Donaldson by 162.5% in 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 in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Donaldson by 78.0% in 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 in the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

Donaldson Trading Up 1.9%

Shares of Donaldson stock traded up $1.40 during trading hours on Tuesday, reaching $73.78. 436,154 shares of the company's stock were exchanged, compared to its average volume of 579,714. Donaldson Company, Inc. has a 52-week low of $57.45 and a 52-week high of $78.95. The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99. The company has a fifty day moving average of $70.48 and a 200-day moving average of $68.62. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings results 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 return on equity of 28.86% and a net margin of 9.94%. The company had revenue of $940.10 million for the quarter, compared to analyst estimates of $936.02 million. During the same quarter in the prior year, the company posted $0.92 EPS. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. Sell-side analysts forecast 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. Investors of record on Tuesday, August 12th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, August 12th. Donaldson's dividend payout ratio (DPR) is 40.27%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DCI shares. Robert W. Baird upped their target price on Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Stifel Nicolaus reduced their price target on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Morgan Stanley reissued an "underweight" rating and set a $69.00 price target (up previously from $65.00) on shares of Donaldson in a research note on Friday, June 6th. Finally, Wall Street Zen lowered Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th.

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.