M. Kraus & Co trimmed its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,872 shares of the industrial products company’s stock after selling 2,590 shares during the quarter. Donaldson accounts for approximately 1.8% of M. Kraus & Co’s holdings, making the stock its 26th largest position. M. Kraus & Co’s holdings in Donaldson were worth $2,980,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DCI. 1st Global Advisors Inc. raised its holdings in Donaldson by 0.6% in the 2nd quarter. 1st Global Advisors Inc. now owns 8,256 shares of the industrial products company’s stock worth $376,000 after purchasing an additional 48 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Donaldson by 5.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 217 shares during the period. Van ECK Associates Corp raised its holdings in Donaldson by 1.4% in the 2nd quarter. Van ECK Associates Corp now owns 16,569 shares of the industrial products company’s stock worth $755,000 after purchasing an additional 224 shares during the period. Citigroup Inc. raised its holdings in Donaldson by 3.9% in the 2nd quarter. Citigroup Inc. now owns 8,088 shares of the industrial products company’s stock worth $368,000 after purchasing an additional 305 shares during the period. Finally, Advisory Services Network LLC raised its holdings in Donaldson by 6.9% in the 2nd quarter. Advisory Services Network LLC now owns 6,906 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 443 shares during the period. 77.63% of the stock is currently owned by hedge funds and other institutional investors.
In other Donaldson news, insider Melissa A. Osland sold 1,453 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $48.26, for a total value of $70,121.78. Following the completion of the sale, the insider now owns 4,174 shares in the company, valued at approximately $201,437.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.09% of the company’s stock.
Donaldson (NYSE:DCI) last issued its quarterly earnings results on Thursday, November 30th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.04. Donaldson had a return on equity of 28.49% and a net margin of 9.57%. The business had revenue of $644.80 million during the quarter, compared to analyst estimates of $602.02 million. During the same quarter in the prior year, the business posted ($0.05) EPS. Donaldson’s revenue for the quarter was up 16.6% compared to the same quarter last year. equities research analysts anticipate that Donaldson Company, Inc. will post 1.99 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Wednesday, December 6th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.40%. Donaldson’s payout ratio is presently 40.68%.
A number of equities analysts recently commented on the company. SunTrust Banks reaffirmed a “hold” rating and issued a $50.00 target price on shares of Donaldson in a report on Friday, December 1st. Stifel Nicolaus reaffirmed a “hold” rating on shares of Donaldson in a report on Thursday, October 19th. Jefferies Group reaffirmed a “buy” rating and issued a $54.00 target price on shares of Donaldson in a report on Tuesday, October 3rd. Zacks Investment Research cut Donaldson from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Donaldson in a report on Monday, December 18th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $52.20.
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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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