GSA Capital Partners LLP lowered its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 59.3% in the second quarter, Holdings Channel reports. The fund owned 16,271 shares of the industrial products company’s stock after selling 23,689 shares during the period. GSA Capital Partners LLP’s holdings in Donaldson were worth $734,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DCI. BlackRock Inc. boosted its position in Donaldson by 3.8% during the 1st quarter. BlackRock Inc. now owns 11,182,902 shares of the industrial products company’s stock worth $503,789,000 after acquiring an additional 404,365 shares during the last quarter. Cooke & Bieler LP boosted its holdings in shares of Donaldson by 46.0% in the 1st quarter. Cooke & Bieler LP now owns 648,535 shares of the industrial products company’s stock valued at $29,217,000 after buying an additional 204,450 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Donaldson by 6.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,099,219 shares of the industrial products company’s stock valued at $94,570,000 after buying an additional 132,476 shares during the last quarter. Waters Parkerson & CO. LLC boosted its holdings in shares of Donaldson by 190.9% in the 1st quarter. Waters Parkerson & CO. LLC now owns 126,392 shares of the industrial products company’s stock valued at $5,694,000 after buying an additional 82,947 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Donaldson by 292.8% in the 1st quarter. Thrivent Financial for Lutherans now owns 111,074 shares of the industrial products company’s stock valued at $5,004,000 after buying an additional 82,799 shares during the last quarter. 80.18% of the stock is owned by hedge funds and other institutional investors.

In other Donaldson news, Director Michael J. Hoffman sold 14,400 shares of the firm’s stock in a transaction on Thursday, July 5th. The stock was sold at an average price of $44.70, for a total transaction of $643,680.00. Following the completion of the sale, the director now owns 43,716 shares of the company’s stock, valued at approximately $1,954,105.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.09% of the company’s stock.

Several research firms have recently commented on DCI. Zacks Investment Research raised Donaldson from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Monday. ValuEngine raised Donaldson from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Stifel Nicolaus reissued a “hold” rating and issued a $54.00 price objective (up previously from $46.00) on shares of Donaldson in a report on Thursday, September 6th. Oppenheimer reissued a “hold” rating on shares of Donaldson in a report on Thursday, September 6th. Finally, TheStreet raised Donaldson from a “c+” rating to a “b+” rating in a report on Thursday, May 31st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $55.25.

NYSE DCI opened at $57.11 on Thursday. The company has a market capitalization of $7.36 billion, a PE ratio of 28.52, a P/E/G ratio of 2.09 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.40 and a quick ratio of 1.69. Donaldson Company, Inc. has a 12 month low of $43.35 and a 12 month high of $57.82.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Thursday, September 6th. The industrial products company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $724.70 million during the quarter, compared to the consensus estimate of $727.79 million. Donaldson had a return on equity of 31.09% and a net margin of 6.59%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. sell-side analysts forecast that Donaldson Company, Inc. will post 2.37 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 30th. Shareholders of record on Tuesday, August 14th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.33%. The ex-dividend date was Monday, August 13th. Donaldson’s dividend payout ratio is 38.00%.

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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