Gluskin Sheff & Assoc Inc. purchased a new stake in shares of Donaldson Co. (NYSE:DCI) during the second quarter, Holdings Channel reports. The fund purchased 25,540 shares of the company’s stock, valued at approximately $878,000.
Other hedge funds have also added to or reduced their stakes in the company. Confluence Investment Management LLC boosted its position in shares of Donaldson by 57.6% in the second quarter. Confluence Investment Management LLC now owns 395,996 shares of the company’s stock worth $13,606,000 after buying an additional 144,809 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Donaldson by 53.6% in the first quarter. Prudential Financial Inc. now owns 114,641 shares of the company’s stock worth $3,658,000 after buying an additional 40,000 shares in the last quarter. BlackRock Group LTD boosted its position in shares of Donaldson by 18.5% in the first quarter. BlackRock Group LTD now owns 85,875 shares of the company’s stock worth $2,740,000 after buying an additional 13,404 shares in the last quarter. State Street Corp boosted its position in shares of Donaldson by 129.7% in the first quarter. State Street Corp now owns 7,866,812 shares of the company’s stock worth $251,028,000 after buying an additional 4,441,702 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its position in shares of Donaldson by 103.0% in the first quarter. Quadrature Capital Ltd now owns 19,361 shares of the company’s stock worth $618,000 after buying an additional 9,823 shares in the last quarter. 81.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Donaldson Co. (NYSE:DCI) traded up 0.54% during midday trading on Thursday, hitting $37.13. The stock had a trading volume of 529,292 shares. The company’s 50 day moving average is $37.10 and its 200 day moving average is $34.79. The company has a market cap of $4.93 billion, a PE ratio of 26.15 and a beta of 1.05. Donaldson Co. has a 52-week low of $25.21 and a 52-week high of $38.65.
Donaldson (NYSE:DCI) last released its quarterly earnings data on Thursday, September 8th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by $0.03. The business earned $593 million during the quarter, compared to the consensus estimate of $594.80 million. Donaldson had a return on equity of 27.06% and a net margin of 8.59%. The business’s revenue was down 2.8% on a year-over-year basis. During the same period last year, the company earned $0.45 EPS. On average, analysts anticipate that Donaldson Co. will post ($0.13) earnings per share for the current year.
DCI has been the topic of a number of research reports. TheStreet raised Donaldson from a “hold” rating to a “buy” rating in a report on Friday, June 24th. CL King assumed coverage on Donaldson in a research report on Wednesday, June 8th. They set a “buy” rating and a $41.00 price target 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 raised their price target on Donaldson from $36.00 to $39.00 and gave the stock 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 issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $36.60.
In other news, Director John Wiehoff sold 14,400 shares of the company’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $36.32, for a total value of $523,008.00. Following the completion of the transaction, the director now owns 56,877 shares of the company’s stock, valued at $2,065,772.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.88% of the stock is owned by insiders.
Donaldson Company Profile
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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