Cullen Frost Bankers Inc. Holds Position in Donaldson Company, Inc. (NYSE:DCI)
Cullen Frost Bankers Inc. held its stake in shares of Donaldson Company, Inc. (NYSE:DCI) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,000 shares of the industrial products company’s stock at the end of the second quarter. Cullen Frost Bankers Inc.’s holdings in Donaldson were worth $228,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware purchased a new position in shares of Donaldson during the first quarter valued at about $202,000. AQR Capital Management LLC purchased a new position in shares of Donaldson during the fourth quarter valued at about $791,000. Louisiana State Employees Retirement System boosted its position in shares of Donaldson by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the industrial products company’s stock valued at $1,516,000 after buying an additional 600 shares during the period. Mountain Pacific Investment Advisers Inc. ID boosted its position in shares of Donaldson by 4.3% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 650,927 shares of the industrial products company’s stock valued at $29,630,000 after buying an additional 26,901 shares during the period. Finally, Chicago Equity Partners LLC boosted its position in shares of Donaldson by 19.3% in the first quarter. Chicago Equity Partners LLC now owns 42,260 shares of the industrial products company’s stock valued at $1,924,000 after buying an additional 6,830 shares during the period. 78.83% of the stock is currently owned by institutional investors.
Donaldson Company, Inc. (DCI) opened at 47.04 on Thursday. The company has a 50-day moving average price of $46.43 and a 200 day moving average price of $45.33. The company has a market cap of $6.17 billion, a PE ratio of 28.00 and a beta of 1.22. Donaldson Company, Inc. has a 52 week low of $35.59 and a 52 week high of $48.91.
Donaldson (NYSE:DCI) last announced its earnings results on Thursday, June 1st. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $608.20 million for the quarter, compared to analyst estimates of $580.44 million. Donaldson had a return on equity of 28.12% and a net margin of 9.72%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 earnings per share. On average, equities research analysts forecast that Donaldson Company, Inc. will post ($0.38) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be given a $0.18 dividend. This is a positive change from Donaldson’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.72 dividend on an annualized basis and a yield of 1.53%. Donaldson’s payout ratio is presently 41.92%.
DCI has been the topic of several research analyst reports. Zacks Investment Research raised Donaldson from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Wednesday, May 24th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Donaldson in a research note on Thursday, June 1st. Jefferies Group LLC raised Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Wednesday, May 31st. BidaskClub raised Donaldson from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $48.00 price objective (up previously from $45.00) on shares of Donaldson in a research note on Friday, June 2nd. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Donaldson currently has an average rating of “Hold” and a consensus target price of $48.25.
In other Donaldson news, Director Michael J. Hoffman sold 14,400 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $46.84, for a total value of $674,496.00. Following the sale, the director now owns 41,473 shares of the company’s stock, valued at $1,942,595.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.88% of the stock is owned by insiders.
Donaldson Company Profile
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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