Bank of Montreal Can lowered its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 79.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 7,766 shares of the industrial products company’s stock after selling 30,801 shares during the period. Bank of Montreal Can’s holdings in Donaldson were worth $353,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of DCI. Vanguard Group Inc. boosted its stake in shares of Donaldson by 8.3% in the first quarter. Vanguard Group Inc. now owns 12,152,840 shares of the industrial products company’s stock worth $553,197,000 after buying an additional 930,432 shares during the last quarter. BlackRock Inc. raised its position in Donaldson by 5,553.3% in the first quarter. BlackRock Inc. now owns 10,390,356 shares of the industrial products company’s stock worth $472,970,000 after buying an additional 10,206,564 shares during the period. Bank of New York Mellon Corp raised its position in Donaldson by 25.9% in the first quarter. Bank of New York Mellon Corp now owns 2,411,896 shares of the industrial products company’s stock worth $109,787,000 after buying an additional 496,064 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in Donaldson by 3.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,811,182 shares of the industrial products company’s stock worth $82,445,000 after buying an additional 55,228 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in Donaldson by 0.7% in the first quarter. UBS Asset Management Americas Inc. now owns 1,399,040 shares of the industrial products company’s stock worth $63,684,000 after buying an additional 9,598 shares during the period. 77.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of Donaldson Company, Inc. (DCI) traded up 1.05% on Thursday, reaching $47.23. 85,039 shares of the company traded hands. The stock has a 50-day moving average price of $46.86 and a 200 day moving average price of $45.68. Donaldson Company, Inc. has a 1-year low of $35.59 and a 1-year high of $48.91. The firm has a market capitalization of $6.19 billion, a P/E ratio of 28.11 and a beta of 1.22.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, June 1st. The industrial products company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Donaldson had a net margin of 9.72% and a return on equity of 28.12%. The company had revenue of $608.20 million during the quarter, compared to analyst estimates of $580.44 million. During the same quarter last year, the business posted $0.43 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts anticipate 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. Investors 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 is Friday, August 11th. This represents a $0.72 dividend on an annualized basis and a yield of 1.54%. Donaldson’s dividend payout ratio (DPR) is presently 43.11%.

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DCI has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Donaldson from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Wednesday, May 31st. Jefferies Group LLC upgraded shares of Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Wednesday, May 31st. BidaskClub upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, Stifel Nicolaus restated a “hold” rating and set a $48.00 price target (up from $45.00) on shares of Donaldson in a research report on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Donaldson currently has an average rating of “Hold” and an average price target of $48.25.

In related news, Director John Wiehoff sold 14,400 shares of Donaldson stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $46.33, for a total transaction of $667,152.00. Following the completion of the sale, the director now owns 59,001 shares in the company, valued at approximately $2,733,516.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.88% of the company’s stock.

About Donaldson

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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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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