Schwab Charles Investment Management Inc. boosted its position in Donaldson Company, Inc. (NYSE:DCI) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 426,751 shares of the industrial products company’s stock after buying an additional 16,841 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.33% of Donaldson worth $19,605,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DCI. Russell Investments Group Ltd. boosted its position in Donaldson by 5.2% in the second quarter. Russell Investments Group Ltd. now owns 52,643 shares of the industrial products company’s stock valued at $2,399,000 after buying an additional 2,589 shares during the last quarter. State of Wisconsin Investment Board boosted its position in Donaldson by 4.1% in the second quarter. State of Wisconsin Investment Board now owns 26,374 shares of the industrial products company’s stock valued at $1,201,000 after buying an additional 1,040 shares during the last quarter. SG Americas Securities LLC boosted its position in Donaldson by 58.0% in the second quarter. SG Americas Securities LLC now owns 53,882 shares of the industrial products company’s stock valued at $2,454,000 after buying an additional 19,786 shares during the last quarter. Alps Advisors Inc. boosted its position in Donaldson by 0.3% in the second quarter. Alps Advisors Inc. now owns 10,756 shares of the industrial products company’s stock valued at $490,000 after buying an additional 28 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Donaldson by 16.5% in the 2nd quarter. Legal & General Group Plc now owns 137,421 shares of the industrial products company’s stock worth $6,257,000 after purchasing an additional 19,466 shares in the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

In other news, insider Melissa A. Osland sold 1,453 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $48.26, for a total transaction of $70,121.78. Following the transaction, the insider now owns 4,174 shares in the company, valued at approximately $201,437.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.09% of the company’s stock.

Several equities research analysts have commented on the company. SunTrust Banks restated a “hold” rating and issued a $50.00 price objective on shares of Donaldson in a research report on Friday, December 1st. Stifel Nicolaus restated a “hold” rating on shares of Donaldson in a research report on Thursday, October 19th. Jefferies Group restated a “buy” rating and issued a $54.00 price objective on shares of Donaldson in a research report on Tuesday, October 3rd. Zacks Investment Research lowered Donaldson from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Oppenheimer restated a “hold” rating on shares of Donaldson in a research report on Monday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Donaldson presently has an average rating of “Hold” and a consensus target price of $50.60.

Shares of Donaldson Company, Inc. (NYSE DCI) opened at $48.83 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.90 and a quick ratio of 2.13. Donaldson Company, Inc. has a 52-week low of $41.28 and a 52-week high of $50.10. The company has a market capitalization of $6,311.56, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 2.21 and a beta of 1.21.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Thursday, November 30th. The industrial products company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. Donaldson had a return on equity of 28.49% and a net margin of 9.57%. The business had revenue of $644.80 million for the quarter, compared to analyst estimates of $602.02 million. During the same quarter in the prior year, the firm posted ($0.05) EPS. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. sell-side analysts forecast that Donaldson Company, Inc. will post 1.99 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.47%. Donaldson’s dividend payout ratio (DPR) is 40.68%.

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Donaldson 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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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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