Farr Miller & Washington LLC DC reduced its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 750,513 shares of the industrial products company’s stock after selling 4,119 shares during the quarter. Donaldson accounts for about 3.2% of Farr Miller & Washington LLC DC’s investment portfolio, making the stock its 8th largest holding. Farr Miller & Washington LLC DC owned about 0.59% of Donaldson worth $38,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DCI. BlackRock Inc. raised its stake in shares of Donaldson by 1.7% in the 1st quarter. BlackRock Inc. now owns 11,562,764 shares of the industrial products company’s stock valued at $578,833,000 after acquiring an additional 195,344 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Donaldson by 7.2% during the second quarter. Janus Henderson Group PLC now owns 4,420,603 shares of the industrial products company’s stock worth $224,832,000 after buying an additional 296,782 shares during the period. BTIM Corp. boosted its position in shares of Donaldson by 1.6% during the second quarter. BTIM Corp. now owns 1,963,235 shares of the industrial products company’s stock worth $99,850,000 after buying an additional 30,536 shares during the period. Pictet Asset Management Ltd. boosted its position in shares of Donaldson by 104.4% during the first quarter. Pictet Asset Management Ltd. now owns 1,627,516 shares of the industrial products company’s stock worth $81,473,000 after buying an additional 831,322 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Donaldson by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 1,309,517 shares of the industrial products company’s stock worth $56,819,000 after buying an additional 80,514 shares during the period. Hedge funds and other institutional investors own 80.61% of the company’s stock.

Separately, Zacks Investment Research raised Donaldson from a “sell” rating to a “hold” rating and set a $51.00 price objective for the company in a research report on Monday, May 27th. Six equities research analysts have rated the stock with a hold rating, Donaldson has an average rating of “Hold” and a consensus target price of $53.00.

In other Donaldson news, Director John Wiehoff sold 14,400 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $47.88, for a total value of $689,472.00. Following the sale, the director now owns 66,860 shares of the company’s stock, valued at approximately $3,201,256.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.35% of the company’s stock.

DCI stock opened at $48.93 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.63 and a quick ratio of 1.82. The stock has a market capitalization of $6.27 billion, a P/E ratio of 24.47, a P/E/G ratio of 1.89 and a beta of 1.43. The business has a 50-day moving average of $49.01 and a 200-day moving average of $49.98. Donaldson Company, Inc. has a fifty-two week low of $40.27 and a fifty-two week high of $59.43.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.04). The firm had revenue of $713.00 million for the quarter, compared to analyst estimates of $745.05 million. Donaldson had a return on equity of 32.30% and a net margin of 10.96%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 earnings per share. Equities analysts expect that Donaldson Company, Inc. will post 2.21 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Tuesday, August 13th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Monday, August 12th. Donaldson’s dividend payout ratio is presently 42.00%.

About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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