M&T Bank Corp lifted its holdings in Donaldson Company, Inc. (NYSE:DCI) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,991 shares of the industrial products company’s stock after buying an additional 724 shares during the period. M&T Bank Corp’s holdings in Donaldson were worth $728,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its stake in shares of Donaldson by 68.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 49,853 shares of the industrial products company’s stock worth $2,270,000 after buying an additional 20,345 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Donaldson by 1.3% in the 2nd quarter. American Century Companies Inc. now owns 1,203,977 shares of the industrial products company’s stock worth $54,829,000 after buying an additional 15,748 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Donaldson by 55.7% in the 2nd quarter. Principal Financial Group Inc. now owns 1,252,691 shares of the industrial products company’s stock worth $57,048,000 after buying an additional 448,320 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Donaldson by 3.6% in the 2nd quarter. Blair William & Co. IL now owns 24,116 shares of the industrial products company’s stock worth $1,098,000 after buying an additional 830 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Donaldson by 1.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,841,796 shares of the industrial products company’s stock worth $83,876,000 after buying an additional 30,614 shares during the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

A number of equities analysts have recently weighed in on DCI shares. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Donaldson in a research note on Thursday, September 7th. Robert W. Baird restated a “hold” rating and issued a $47.00 target price on shares of Donaldson in a research note on Friday, September 8th. Jefferies Group LLC restated a “buy” rating and issued a $54.00 target price on shares of Donaldson in a research note on Tuesday. BidaskClub upgraded Donaldson from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, Stifel Nicolaus set a $48.00 target price on Donaldson and gave the stock a “hold” rating in a research note on Friday, August 18th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Donaldson presently has an average rating of “Hold” and an average target price of $48.67.

Shares of Donaldson Company, Inc. (DCI) opened at 46.87 on Thursday. The company has a market cap of $6.09 billion, a PE ratio of 26.94 and a beta of 1.22. The company has a 50 day moving average of $45.86 and a 200-day moving average of $46.09. Donaldson Company, Inc. has a 12-month low of $35.85 and a 12-month high of $48.91.

Donaldson (NYSE:DCI) last posted 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). Donaldson had a net margin of 9.81% and a return on equity of 28.14%. The firm had revenue of $660.10 million for the quarter, compared to analysts’ expectations of $634.41 million. During the same quarter in the previous year, the company earned $0.46 EPS. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts anticipate that Donaldson Company, Inc. will post ($0.38) earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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