World Asset Management Inc raised its stake in Donaldson Company, Inc. (NYSE:DCI) by 10.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,023 shares of the industrial products company’s stock after buying an additional 918 shares during the period. World Asset Management Inc’s holdings in Donaldson were worth $456,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC acquired a new position in Donaldson during the fourth quarter valued at approximately $791,000. Teachers Advisors LLC increased its position in shares of Donaldson by 4.8% in the fourth quarter. Teachers Advisors LLC now owns 115,189 shares of the industrial products company’s stock valued at $4,847,000 after buying an additional 5,304 shares during the last quarter. Mountain Pacific Investment Advisers Inc. ID increased its position in shares of Donaldson by 4.3% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 650,927 shares of the industrial products company’s stock valued at $29,630,000 after buying an additional 26,901 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Donaldson by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the industrial products company’s stock valued at $1,516,000 after buying an additional 600 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in shares of Donaldson by 100.0% in the first quarter. Conestoga Capital Advisors LLC now owns 20,001 shares of the industrial products company’s stock valued at $910,000 after buying an additional 10,000 shares during the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

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 P/E ratio of 27.67 and a beta of 1.22. The firm’s 50-day moving average is $46.50 and its 200-day moving average is $45.37.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Thursday, June 1st. The industrial products company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $608.20 million during the quarter, compared to the consensus estimate of $580.44 million. Donaldson had a return on equity of 28.12% and a net margin of 9.72%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. On average, equities analysts expect that Donaldson Company, Inc. will post ($0.38) earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, August 11th. This is an increase from Donaldson’s previous quarterly dividend of $0.18. Donaldson’s dividend payout ratio (DPR) is currently 41.92%.

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Several research analysts recently commented on the stock. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Donaldson in a research note on Thursday, June 1st. Zacks Investment Research downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Wednesday, May 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $48.00 target price (up from $45.00) on shares of Donaldson in a research note on Friday, June 2nd. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Donaldson presently has an average rating of “Hold” and a consensus target price of $48.25.

In other Donaldson news, Director John Wiehoff sold 14,400 shares of the firm’s stock in a transaction dated 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 owns 59,001 shares of the company’s stock, valued at $2,733,516.33. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.88% of the stock is currently owned by company 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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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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