Virginia Retirement Systems ET AL acquired a new position in shares of Donaldson Co. (NYSE:DCI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 17,200 shares of the company’s stock, valued at approximately $591,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Independent Portfolio Consultants Inc. raised its position in shares of Donaldson by 9.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,240 shares of the company’s stock worth $180,000 after buying an additional 455 shares during the last quarter. World Asset Management Inc purchased a new position in shares of Donaldson during the second quarter worth approximately $207,000. Accredited Investors Inc. purchased a new position in shares of Donaldson during the first quarter worth approximately $216,000. Atria Investments LLC purchased a new position in shares of Donaldson during the second quarter worth approximately $220,000. Finally, Wesbanco Bank Inc. purchased a new position in shares of Donaldson during the second quarter worth approximately $248,000. Hedge funds and other institutional investors own 81.46% of the company’s stock.
Donaldson Co. (NYSE:DCI) opened at 36.34 on Wednesday. The firm has a market cap of $4.82 billion, a P/E ratio of 25.59 and a beta of 1.05. Donaldson Co. has a 1-year low of $25.21 and a 1-year high of $38.65. The stock has a 50 day moving average price of $37.09 and a 200-day moving average price of $34.77.
Donaldson (NYSE:DCI) last issued its quarterly earnings data on Thursday, September 8th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by $0.03. Donaldson had a return on equity of 27.06% and a net margin of 8.59%. The business earned $593 million during the quarter, compared to the consensus estimate of $594.80 million. During the same period in the prior year, the firm earned $0.45 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities research analysts forecast that Donaldson Co. will post ($0.13) EPS for the current year.
DCI has been the topic of a number of recent research reports. TheStreet upgraded Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, June 24th. CL King initiated coverage on Donaldson in a research report on Wednesday, June 8th. They issued a “buy” rating and a $41.00 price objective on the stock. Zacks Investment Research upgraded Donaldson from a “sell” rating to a “hold” rating in a research report on Monday, August 29th. Finally, Robert W. Baird increased their price objective on Donaldson from $36.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, September 9th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $36.60.
In related news, Director John Wiehoff sold 14,400 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $36.32, for a total value of $523,008.00. Following the sale, the director now owns 56,877 shares of the company’s stock, valued at $2,065,772.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.88% of the stock is currently owned by corporate insiders.
Donaldson Company, Inc is a provider and manufacturer of filtration systems and replacement parts. The Company serves customers in the industrial and engine markets, including dust collection, power generation, specialty filtration, compressed air purification, off-road equipment, industrial compressors, heavy trucks and light vehicles.
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