Pacer Advisors Inc. Sells 13,684 Shares of Donaldson Company, Inc. (NYSE:DCI)

Pacer Advisors Inc. trimmed its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 51.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,858 shares of the industrial products company's stock after selling 13,684 shares during the quarter. Pacer Advisors Inc.'s holdings in Donaldson were worth $862,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DCI. Norges Bank acquired a new stake in shares of Donaldson in the 4th quarter worth approximately $65,828,000. Capital Counsel LLC NY boosted its stake in shares of Donaldson by 489.2% during the 4th quarter. Capital Counsel LLC NY now owns 656,957 shares of the industrial products company's stock worth $44,246,000 after acquiring an additional 545,457 shares in the last quarter. Fiduciary Management Inc. WI increased its stake in Donaldson by 19.9% in the 4th quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company's stock worth $148,795,000 after purchasing an additional 367,383 shares in the last quarter. Carnegie Investment Counsel purchased a new position in shares of Donaldson in the first quarter worth approximately $23,147,000. Finally, Invesco Ltd. grew its position in Donaldson by 24.7% during the 4th quarter. Invesco Ltd. now owns 1,512,667 shares of the industrial products company's stock worth $101,878,000 after purchasing an additional 299,302 shares in the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DCI has been the topic of several research analyst reports. Morgan Stanley reiterated an "underweight" rating and issued a $69.00 target price (up previously from $65.00) on shares of Donaldson in a report on Friday, June 6th. Wall Street Zen cut Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Stifel Nicolaus decreased their price objective on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a report on Monday, April 14th. Finally, Robert W. Baird raised their target price on Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th.

Donaldson Stock Performance

Shares of NYSE DCI traded down $1.10 during trading hours on Friday, reaching $70.87. The stock had a trading volume of 527,117 shares, compared to its average volume of 489,260. The business's fifty day moving average is $70.15 and its two-hundred day moving average is $68.61. The company has a market cap of $8.26 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.84 and a beta of 0.99. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month 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.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, beating 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%. Donaldson's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 EPS. As a group, research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

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