Mondrian Investment Partners LTD Maintains Stake in Donaldson Company, Inc. (NYSE:DCI)
Mondrian Investment Partners LTD held its position in shares of Donaldson Company, Inc. (NYSE:DCI) during the second quarter, according to its most recent filing with the SEC. The firm owned 36,389 shares of the industrial products company’s stock at the end of the second quarter. Mondrian Investment Partners LTD’s holdings in Donaldson were worth $1,657,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Arizona State Retirement System boosted its position in shares of Donaldson by 1.5% in the second quarter. Arizona State Retirement System now owns 55,700 shares of the industrial products company’s stock valued at $2,537,000 after buying an additional 800 shares during the period. Canada Pension Plan Investment Board raised its stake in Donaldson by 218.9% in the second quarter. Canada Pension Plan Investment Board now owns 281,900 shares of the industrial products company’s stock valued at $12,838,000 after buying an additional 193,500 shares in the last quarter. Blue Sky Asset Management LLC purchased a new stake in Donaldson during the second quarter valued at about $1,410,000. JLB & Associates Inc. purchased a new stake in Donaldson during the second quarter valued at about $699,000. Finally, Texas Permanent School Fund raised its stake in Donaldson by 0.9% in the second quarter. Texas Permanent School Fund now owns 96,450 shares of the industrial products company’s stock valued at $4,392,000 after buying an additional 839 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.
Shares of Donaldson Company, Inc. (NYSE:DCI) opened at 46.49 on Friday. Donaldson Company, Inc. has a 12-month low of $35.59 and a 12-month high of $48.91. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 27.67 and a beta of 1.22. The company has a 50-day moving average of $46.50 and a 200 day moving average of $45.37.
Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, June 1st. The industrial products company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The business had revenue of $608.20 million during the quarter, compared to analysts’ expectations of $580.44 million. Donaldson had a return on equity of 28.12% and a net margin of 9.72%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. Analysts predict that Donaldson Company, Inc. will post ($0.38) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, August 11th. This is a boost from Donaldson’s previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.55%. Donaldson’s payout ratio is 41.92%.
DCI has been the subject of several analyst reports. Zacks Investment Research raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Friday, May 12th. BidaskClub lowered shares of Donaldson from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Jefferies Group LLC raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Wednesday, May 31st. Stifel Nicolaus reissued a “hold” rating and issued a $48.00 target price (up from $45.00) on shares of Donaldson in a report on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Donaldson in a report on Thursday, June 1st. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Donaldson has an average rating of “Hold” and a consensus price target of $48.25.
In other news, Director John Wiehoff sold 14,400 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $46.33, for a total value of $667,152.00. Following the completion of the sale, the director now directly owns 59,001 shares in the company, valued at $2,733,516.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.88% of the stock is owned by insiders.
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.
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