Texas Permanent School Fund reduced its stake in shares of Donaldson Company, Inc. (NYSE:DCI – Get Rating) by 2.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,578 shares of the industrial products company’s stock after selling 1,920 shares during the period. Texas Permanent School Fund owned approximately 0.07% of Donaldson worth $4,548,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Retirement Systems of Alabama lifted its stake in shares of Donaldson by 107.0% during the first quarter. Retirement Systems of Alabama now owns 335,022 shares of the industrial products company’s stock worth $17,398,000 after buying an additional 173,178 shares during the period. Mcdaniel Terry & Co. raised its holdings in shares of Donaldson by 0.4% during the first quarter. Mcdaniel Terry & Co. now owns 508,784 shares of the industrial products company’s stock worth $26,421,000 after purchasing an additional 1,871 shares during the last quarter. Great Valley Advisor Group Inc. purchased a new position in shares of Donaldson during the first quarter worth $287,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Donaldson during the fourth quarter worth $204,000. Finally, Allianz Asset Management GmbH raised its holdings in shares of Donaldson by 6.5% during the fourth quarter. Allianz Asset Management GmbH now owns 30,015 shares of the industrial products company’s stock worth $1,778,000 after purchasing an additional 1,833 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. Stifel Nicolaus reduced their target price on shares of Donaldson from $53.00 to $51.00 in a report on Monday, July 18th. Morgan Stanley reduced their target price on shares of Donaldson from $68.00 to $63.00 and set an “overweight” rating for the company in a report on Monday, July 18th. Robert W. Baird reduced their target price on shares of Donaldson from $65.00 to $61.00 and set an “outperform” rating for the company in a report on Thursday, June 2nd. Finally, StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 12th.
Insider Buying and Selling
Donaldson Stock Down 0.1 %
DCI opened at $54.60 on Friday. Donaldson Company, Inc. has a fifty-two week low of $46.00 and a fifty-two week high of $69.35. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.41 and a current ratio of 2.25. The company has a fifty day moving average of $50.32 and a two-hundred day moving average of $51.58. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.70 and a beta of 1.26.
Donaldson (NYSE:DCI – Get Rating) last announced its earnings results on Wednesday, June 1st. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.05). Donaldson had a net margin of 9.91% and a return on equity of 28.15%. The company had revenue of $853.20 million during the quarter, compared to analyst estimates of $823.99 million. During the same quarter last year, the business earned $0.66 EPS. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, research analysts expect that Donaldson Company, Inc. will post 2.69 earnings per share for the current year.
Donaldson Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Tuesday, August 16th will be given a dividend of $0.23 per share. The ex-dividend date is Monday, August 15th. This represents a $0.92 dividend on an annualized basis and a yield of 1.68%. Donaldson’s payout ratio is presently 36.65%.
Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through two segments, Engine Products and Industrial Products. Its Engine Products segment provides replacement filters for air and liquid filtration applications; air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.
- Get a free copy of the StockNews.com research report on Donaldson (DCI)
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