HL Financial Services LLC continued to hold its stake in shares of Donaldson Company, Inc. (NYSE:DCI) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 22,423 shares of the industrial products company’s stock at the end of the second quarter. HL Financial Services LLC’s holdings in Donaldson were worth $1,021,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of DCI. JLB & Associates Inc. bought a new position in Donaldson during the second quarter worth $699,000. Texas Permanent School Fund boosted its position in Donaldson by 0.9% in the second quarter. Texas Permanent School Fund now owns 96,450 shares of the industrial products company’s stock worth $4,392,000 after buying an additional 839 shares in the last quarter. World Asset Management Inc boosted its position in Donaldson by 10.1% in the second quarter. World Asset Management Inc now owns 10,023 shares of the industrial products company’s stock worth $456,000 after buying an additional 918 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Donaldson by 1.0% in the second quarter. Great West Life Assurance Co. Can now owns 78,697 shares of the industrial products company’s stock worth $3,582,000 after buying an additional 817 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its position in Donaldson by 0.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 26,524 shares of the industrial products company’s stock worth $1,208,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.
Donaldson Company, Inc. (NYSE:DCI) opened at 46.29 on Friday. The stock has a market cap of $6.07 billion, a PE ratio of 27.55 and a beta of 1.22. The firm has a 50-day moving average price of $46.46 and a 200-day moving average price of $45.34. Donaldson Company, Inc. has a 12-month low of $35.59 and a 12-month high of $48.91.
Donaldson (NYSE:DCI) last issued its quarterly earnings data on Thursday, June 1st. The industrial products company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The business had revenue of $608.20 million for the quarter, compared to analyst estimates of $580.44 million. Donaldson had a return on equity of 28.12% and a net margin of 9.72%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 EPS. Analysts forecast that Donaldson Company, Inc. will post ($0.38) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.18 per share. This is a positive change from Donaldson’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.56%. Donaldson’s dividend payout ratio is currently 41.92%.
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A number of equities analysts have weighed in on the company. Zacks Investment Research cut Donaldson from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub cut Donaldson from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Stifel Nicolaus restated a “hold” rating and issued a $48.00 price target (up previously from $45.00) on shares of Donaldson in a report on Friday, June 2nd. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Donaldson in a report on Thursday, June 1st. Finally, Jefferies Group LLC upgraded Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Wednesday, May 31st. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $48.25.
In other news, Director John Wiehoff sold 14,400 shares of the stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $46.33, for a total transaction of $667,152.00. Following the transaction, the director now owns 59,001 shares of the company’s stock, valued at approximately $2,733,516.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.88% of the company’s stock.
Donaldson Company Profile
Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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