QS Investors LLC lessened its holdings in Donaldson Company, Inc. (NYSE:DCI) by 24.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,238 shares of the industrial products company’s stock after selling 6,450 shares during the quarter. QS Investors LLC’s holdings in Donaldson were worth $991,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Somerville Kurt F purchased a new stake in Donaldson in the fourth quarter worth about $472,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Donaldson by 44.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,794 shares of the industrial products company’s stock worth $333,000 after purchasing an additional 2,102 shares during the period. California Public Employees Retirement System grew its holdings in Donaldson by 4.0% in the fourth quarter. California Public Employees Retirement System now owns 319,328 shares of the industrial products company’s stock worth $15,631,000 after purchasing an additional 12,155 shares during the period. JPMorgan Chase & Co. grew its holdings in Donaldson by 394.0% in the third quarter. JPMorgan Chase & Co. now owns 158,182 shares of the industrial products company’s stock worth $7,278,000 after purchasing an additional 126,161 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Donaldson by 7.5% in the third quarter. Dimensional Fund Advisors LP now owns 877,588 shares of the industrial products company’s stock worth $40,317,000 after purchasing an additional 61,371 shares during the period. Institutional investors and hedge funds own 79.14% of the company’s stock.

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A number of brokerages have weighed in on DCI. Stifel Nicolaus restated a “hold” rating and issued a $53.00 price objective (up previously from $50.00) on shares of Donaldson in a report on Tuesday, January 16th. Zacks Investment Research cut shares of Donaldson from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th. Oppenheimer restated a “hold” rating on shares of Donaldson in a report on Friday, December 1st. Jefferies Group restated a “buy” rating and issued a $57.00 price objective on shares of Donaldson in a report on Friday, December 1st. Finally, SunTrust Banks restated a “hold” rating and issued a $50.00 price objective on shares of Donaldson in a report on Friday, December 1st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $51.00.

Donaldson Company, Inc. (NYSE:DCI) opened at $44.15 on Friday. The stock has a market cap of $5,964.06, a P/E ratio of 43.28, a PEG ratio of 2.09 and a beta of 1.12. Donaldson Company, Inc. has a 52 week low of $42.59 and a 52 week high of $52.20. The company has a quick ratio of 2.15, a current ratio of 2.94 and a debt-to-equity ratio of 0.81.

Donaldson (NYSE:DCI) last issued its earnings results on Tuesday, March 6th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm had revenue of $664.70 million during the quarter, compared to the consensus estimate of $630.53 million. Donaldson had a return on equity of 29.25% and a net margin of 5.29%. The company’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 EPS. research analysts forecast that Donaldson Company, Inc. will post 1.98 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Wednesday, February 14th were paid a $0.18 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.63%. Donaldson’s dividend payout ratio is presently 70.59%.

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About Donaldson

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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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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