Pacer Advisors Inc. lowered its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 51.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 12,858 shares of the industrial products company's stock after selling 13,684 shares during the period. Pacer Advisors Inc.'s holdings in Donaldson were worth $862,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the business. Argent Trust Co grew its position in shares of Donaldson by 3.3% during the 4th quarter. Argent Trust Co now owns 4,739 shares of the industrial products company's stock valued at $319,000 after acquiring an additional 152 shares during the period. Johnson Financial Group Inc. boosted its holdings in Donaldson by 48.8% in the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock worth $42,000 after buying an additional 195 shares during the last quarter. State of Michigan Retirement System increased its stake in Donaldson by 0.7% during the 1st quarter. State of Michigan Retirement System now owns 28,558 shares of the industrial products company's stock worth $1,915,000 after buying an additional 200 shares in the last quarter. Xponance Inc. increased its stake in Donaldson by 1.5% during the 1st quarter. Xponance Inc. now owns 13,872 shares of the industrial products company's stock worth $930,000 after buying an additional 201 shares in the last quarter. Finally, USA Financial Formulas increased its stake in Donaldson by 21.7% during the 1st quarter. USA Financial Formulas now owns 1,269 shares of the industrial products company's stock worth $85,000 after buying an additional 226 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.
Donaldson Price Performance
Shares of DCI stock traded down $1.10 during trading hours on Friday, reaching $70.87. The company had a trading volume of 527,117 shares, compared to its average volume of 587,662. Donaldson Company, Inc. has a 12-month low of $57.45 and a 12-month high of $78.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.94. The company has a market capitalization of $8.26 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.87 and a beta of 0.98. The stock has a fifty day moving average of $70.10 and a 200-day moving average of $68.60.
Donaldson (NYSE:DCI - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $936.02 million. During the same period in the prior year, the business earned $0.92 EPS. The firm's quarterly revenue was up 1.3% on a year-over-year basis. On average, equities analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.
Donaldson Dividend Announcement
The firm also recently declared 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. The ex-dividend date is Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. Donaldson's dividend payout ratio is currently 40.27%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on DCI. Robert W. Baird lifted their price target on Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Stifel Nicolaus decreased their price objective on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Wall Street Zen lowered shares of Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Morgan Stanley reiterated an "underweight" rating and issued a $69.00 target price (up from $65.00) on shares of Donaldson in a research report on Friday, June 6th.
View Our Latest Analysis on DCI
Donaldson Profile
(
Free Report)
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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