Treasurer of the State of North Carolina lowered its holdings in Donaldson Company, Inc. (NYSE:DCI) by 1.3% in the second quarter, Holdings Channel.com reports. The firm owned 51,259 shares of the industrial products company’s stock after selling 651 shares during the period. Treasurer of the State of North Carolina’s holdings in Donaldson were worth $2,607,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. purchased a new stake in shares of Donaldson in the second quarter valued at $36,000. Meeder Asset Management Inc. purchased a new stake in shares of Donaldson in the second quarter valued at $66,000. Dougherty Wealth Advisers LLC lifted its holdings in shares of Donaldson by 193.4% in the second quarter. Dougherty Wealth Advisers LLC now owns 1,517 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 1,000 shares in the last quarter. Griffin Asset Management Inc. purchased a new stake in shares of Donaldson in the second quarter valued at $81,000. Finally, Ossiam purchased a new stake in shares of Donaldson in the second quarter valued at $150,000. Institutional investors own 81.58% of the company’s stock.

Shares of NYSE:DCI opened at $49.55 on Wednesday. The company has a current ratio of 2.32, a quick ratio of 1.64 and a debt-to-equity ratio of 0.65. Donaldson Company, Inc. has a 1 year low of $40.27 and a 1 year high of $57.31. The business has a fifty day simple moving average of $50.12 and a 200 day simple moving average of $50.10. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 2.06 and a beta of 1.42.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, September 5th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Donaldson had a return on equity of 32.29% and a net margin of 9.39%. The business had revenue of $726.90 million during the quarter, compared to analyst estimates of $725.32 million. During the same period last year, the company earned $0.58 earnings per share. Donaldson’s quarterly revenue was up .3% compared to the same quarter last year. On average, sell-side analysts forecast that Donaldson Company, Inc. will post 2.28 EPS for the current year.

Separately, Stifel Nicolaus set a $50.00 price objective on Donaldson and gave the stock a “hold” rating in a report on Friday, September 6th. Six equities research analysts have rated the stock with a hold rating, Donaldson currently has a consensus rating of “Hold” and a consensus price target of $52.25.

Donaldson Company Profile

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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