Donaldson Company, Inc. (DCI) is RK Capital Management LLC’s 9th Largest Position
RK Capital Management LLC lifted its holdings in Donaldson Company, Inc. (NYSE:DCI) by 75.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 312,100 shares of the industrial products company’s stock after buying an additional 134,600 shares during the period. Donaldson makes up 2.9% of RK Capital Management LLC’s holdings, making the stock its 9th biggest position. RK Capital Management LLC owned 0.24% of Donaldson worth $14,213,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Schroder Investment Management Group acquired a new stake in Donaldson during the first quarter worth about $154,000. Northwestern Mutual Wealth Management Co. increased its position in Donaldson by 5.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 217 shares during the last quarter. Mckinley Capital Management LLC Delaware acquired a new stake in Donaldson during the first quarter worth about $202,000. Mosaic Family Wealth LLC increased its position in Donaldson by 5.1% during the second quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock worth $202,000 after purchasing an additional 213 shares during the last quarter. Finally, Airain ltd acquired a new stake in Donaldson during the first quarter worth about $209,000. 77.91% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on DCI. BidaskClub cut shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of Donaldson from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Friday, June 9th. Stifel Nicolaus restated a “hold” rating and set a $48.00 price objective (up from $45.00) on shares of Donaldson in a research report on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Donaldson in a research report on Thursday, June 1st. Five 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 an average target price of $49.50.
Donaldson Company, Inc. (DCI) traded up 0.25% during midday trading on Friday, reaching $44.83. 951,435 shares of the company traded hands. The firm has a market capitalization of $5.88 billion, a PE ratio of 26.68 and a beta of 1.21. Donaldson Company, Inc. has a 12 month low of $35.85 and a 12 month high of $48.91. The company’s 50-day moving average price is $46.35 and its 200 day moving average price is $45.99.
Donaldson (NYSE:DCI) last released its earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). The firm had revenue of $660.10 million during the quarter, compared to analysts’ expectations of $634.41 million. Donaldson had a net margin of 9.81% and a return on equity of 28.14%. Donaldson’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the company posted $0.46 earnings per share. On average, equities analysts anticipate that Donaldson Company, Inc. will post ($0.38) earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.61%. This is a positive change from Donaldson’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, August 11th. Donaldson’s dividend payout ratio is 41.38%.
In other Donaldson news, Director Michael J. Hoffman sold 14,400 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $46.84, for a total value of $674,496.00. Following the transaction, the director now directly owns 41,473 shares in the company, valued at approximately $1,942,595.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.88% of the stock is currently owned by corporate insiders.
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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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