California Public Employees Retirement System grew its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 308,200 shares of the industrial products company’s stock after buying an additional 7,300 shares during the period. California Public Employees Retirement System owned 0.24% of Donaldson worth $14,035,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Donaldson by 1.9% during the second quarter. FMR LLC now owns 1,901,024 shares of the industrial products company’s stock valued at $86,573,000 after buying an additional 34,711 shares during the last quarter. Vanguard Group Inc. grew its holdings in Donaldson by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 12,319,252 shares of the industrial products company’s stock worth $561,018,000 after buying an additional 166,412 shares in the last quarter. Northern Trust Corp grew its holdings in Donaldson by 1.9% in the 2nd quarter. Northern Trust Corp now owns 961,939 shares of the industrial products company’s stock worth $43,806,000 after buying an additional 17,643 shares in the last quarter. Citigroup Inc. grew 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 buying an additional 305 shares in the last quarter. Finally, Van ECK Associates Corp grew 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 buying an additional 224 shares in the last quarter. 78.24% of the stock is currently owned by institutional investors.

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Shares of Donaldson Company, Inc. (NYSE:DCI) opened at 46.56 on Wednesday. The firm’s 50 day moving average is $45.85 and its 200-day moving average is $46.08. The company has a market capitalization of $6.05 billion, a P/E ratio of 26.76 and a beta of 1.22. Donaldson Company, Inc. has a 52-week low of $35.85 and a 52-week high of $48.91.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). The business had revenue of $660.10 million for the quarter, compared to the consensus estimate of $634.41 million. Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the company earned $0.46 earnings per share. Equities research analysts anticipate that Donaldson Company, Inc. will post ($0.38) earnings per share for the current fiscal year.

Several analysts recently commented on the company. Stifel Nicolaus restated a “hold” rating and issued a $45.00 target price (down from $48.00) on shares of Donaldson in a research report on Friday, September 8th. Robert W. Baird reiterated a “hold” rating and set a $47.00 price target on shares of Donaldson in a research report on Friday, September 8th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Donaldson in a research report on Thursday, September 7th. BidaskClub raised Donaldson from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, Zacks Investment Research raised Donaldson from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Friday, June 9th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Donaldson has a consensus rating of “Hold” and an average target price of $49.50.

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.

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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