Rothschild Capital Partners LLC Decreases Position in Donaldson Co. (DCI)
Rothschild Capital Partners LLC reduced its stake in shares of Donaldson Co. (NYSE:DCI) by 3.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,579 shares of the company’s stock after selling 2,264 shares during the period. Rothschild Capital Partners LLC owned about 0.05% of Donaldson worth $2,288,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in DCI. BlackRock Group LTD boosted its stake in Donaldson by 18.5% in the first quarter. BlackRock Group LTD now owns 85,875 shares of the company’s stock valued at $2,740,000 after buying an additional 13,404 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Donaldson by 3,567.8% in the second quarter. BNP Paribas Arbitrage SA now owns 48,782 shares of the company’s stock valued at $1,676,000 after buying an additional 47,452 shares during the last quarter. Mondrian Investment Partners LTD boosted its stake in shares of Donaldson by 6,553.5% in the first quarter. Mondrian Investment Partners LTD now owns 47,972 shares of the company’s stock valued at $1,531,000 after buying an additional 47,251 shares during the last quarter. Ramsey Quantitative Systems boosted its stake in shares of Donaldson by 5.5% in the first quarter. Ramsey Quantitative Systems now owns 20,881 shares of the company’s stock valued at $666,000 after buying an additional 1,082 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Donaldson by 53.6% in the first quarter. Prudential Financial Inc. now owns 114,641 shares of the company’s stock valued at $3,658,000 after buying an additional 40,000 shares during the last quarter. 81.48% of the stock is owned by institutional investors.
Donaldson Co. (NYSE:DCI) traded down 0.90% during midday trading on Tuesday, reaching $36.48. 585,843 shares of the company were exchanged. Donaldson Co. has a 52 week low of $25.21 and a 52 week high of $38.65. The company has a market capitalization of $4.88 billion, a PE ratio of 25.69 and a beta of 1.04. The firm has a 50-day moving average price of $36.97 and a 200-day moving average price of $34.38.
Donaldson (NYSE:DCI) last announced its quarterly earnings results 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. Donaldson had a net margin of 8.59% and a return on equity of 27.06%. The company had revenue of $593 million for the quarter, compared to analyst estimates of $594.80 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. Donaldson’s revenue was down 2.8% on a year-over-year basis. Equities research analysts anticipate that Donaldson Co. will post ($0.13) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, August 11th. Donaldson’s dividend payout ratio is presently 49.30%.
Several brokerages have recently weighed in on DCI. Robert W. Baird upped their price target on shares of Donaldson from $36.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, September 9th. Zacks Investment Research raised shares of Donaldson from a “sell” rating to a “hold” rating in a research report on Monday, August 29th. TheStreet raised shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, June 24th. CL King began coverage on shares of Donaldson in a research report on Wednesday, June 8th. They issued a “buy” rating and a $41.00 price target for the company. Finally, Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Donaldson in a research report on Thursday, May 26th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $34.50.
In other Donaldson news, Director John Wiehoff sold 14,400 shares of Donaldson stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $36.32, for a total transaction of $523,008.00. Following the completion of the sale, the director now directly owns 56,877 shares in the company, valued at $2,065,772.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.00% of the company’s stock.
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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