Ameriprise Financial Inc. grew its stake in Donaldson Company, Inc. (NYSE:DCI) by 8.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 419,920 shares of the industrial products company’s stock after purchasing an additional 33,385 shares during the period. Ameriprise Financial Inc. owned about 0.32% of Donaldson worth $19,290,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in Donaldson by 5.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock valued at $192,000 after buying an additional 217 shares during the last quarter. CIBC Asset Management Inc bought a new position in Donaldson in the 3rd quarter valued at approximately $201,000. Mosaic Family Wealth LLC raised its holdings in Donaldson by 5.1% in the 2nd quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock valued at $202,000 after buying an additional 213 shares during the last quarter. Quantbot Technologies LP bought a new position in Donaldson in the 2nd quarter valued at approximately $207,000. Finally, Oppenheimer & Co. Inc. bought a new position in Donaldson in the 2nd quarter valued at approximately $209,000. Institutional investors own 77.64% of the company’s stock.

A number of research analysts recently issued reports on DCI shares. Zacks Investment Research upgraded shares of Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Monday, November 27th. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price objective (down previously from $48.00) on shares of Donaldson in a report on Friday, September 8th. Robert W. Baird reiterated a “hold” rating and issued a $47.00 price objective on shares of Donaldson in a report on Friday, September 8th. Jefferies Group restated a “buy” rating and set a $57.00 price target on shares of Donaldson in a report on Friday, December 1st. Finally, Oppenheimer restated a “hold” rating on shares of Donaldson in a report on Thursday, September 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $50.60.

Donaldson Company, Inc. (NYSE DCI) opened at $49.32 on Tuesday. The company has a current ratio of 2.90, a quick ratio of 2.13 and a debt-to-equity ratio of 0.72. Donaldson Company, Inc. has a fifty-two week low of $41.28 and a fifty-two week high of $50.10. The stock has a market cap of $6,340.79, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, November 30th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.04. Donaldson had a net margin of 9.57% and a return on equity of 28.49%. The firm had revenue of $644.80 million during the quarter, compared to analyst estimates of $602.02 million. During the same quarter last year, the business earned ($0.05) EPS. The company’s revenue was up 16.6% compared to the same quarter last year. sell-side analysts forecast that Donaldson Company, Inc. will post 1.99 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, December 6th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 1.46%. Donaldson’s dividend payout ratio is currently 40.68%.

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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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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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