Gamco Investors INC. ET AL Reduces Position in Donaldson Company, Inc. (NYSE:DCI)

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Gamco Investors INC. ET AL cut its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 6.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 839,602 shares of the industrial products company’s stock after selling 59,400 shares during the period. Gamco Investors INC. ET AL owned approximately 0.66% of Donaldson worth $42,702,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DCI. Qube Research & Technologies Ltd bought a new stake in Donaldson in the 2nd quarter worth approximately $288,000. Swiss National Bank increased its stake in Donaldson by 1.9% in the 2nd quarter. Swiss National Bank now owns 238,000 shares of the industrial products company’s stock worth $12,105,000 after acquiring an additional 4,400 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Donaldson by 3.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 30,504 shares of the industrial products company’s stock worth $1,551,000 after acquiring an additional 1,022 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in Donaldson by 15.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 4,632 shares of the industrial products company’s stock worth $235,000 after acquiring an additional 632 shares during the last quarter. Finally, Stephens Inc. AR increased its stake in Donaldson by 4.0% in the 2nd quarter. Stephens Inc. AR now owns 75,405 shares of the industrial products company’s stock worth $3,835,000 after acquiring an additional 2,920 shares during the last quarter. 80.61% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research upgraded Donaldson from a “sell” rating to a “hold” rating and set a $51.00 target price for the company in a report on Monday, May 27th. Six investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average target price of $53.00.

Shares of DCI stock traded up $0.54 during mid-day trading on Monday, hitting $49.69. The stock had a trading volume of 3,205 shares, compared to its average volume of 425,039. Donaldson Company, Inc. has a 12-month low of $40.27 and a 12-month high of $59.43. The firm has a market capitalization of $6.27 billion, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 1.83 and a beta of 1.43. The firm’s 50-day moving average is $49.13 and its two-hundred day moving average is $49.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.63 and a quick ratio of 1.82.

Donaldson (NYSE:DCI) last issued its earnings results on Tuesday, June 4th. The industrial products company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.04). Donaldson had a return on equity of 32.30% and a net margin of 10.96%. The firm had revenue of $713.00 million during the quarter, compared to analysts’ expectations of $745.05 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. Donaldson’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts expect that Donaldson Company, Inc. will post 2.21 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Tuesday, August 13th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Monday, August 12th. Donaldson’s payout ratio is 42.00%.

In other news, Director John Wiehoff sold 14,400 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $47.88, for a total value of $689,472.00. Following the completion of the transaction, the director now directly owns 66,860 shares of the company’s stock, valued at approximately $3,201,256.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.35% of the company’s stock.

About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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