Los Angeles Capital Management & Equity Research Inc. grew its position in Donaldson Company, Inc. (NYSE:DCI) by 831.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 137,499 shares of the industrial products company’s stock after purchasing an additional 122,734 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.11% of Donaldson worth $6,317,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. CIBC Asset Management Inc acquired a new stake in Donaldson during the third quarter worth about $201,000. Sei Investments Co. grew its holdings in Donaldson by 639.9% during the third quarter. Sei Investments Co. now owns 21,842 shares of the industrial products company’s stock worth $1,003,000 after acquiring an additional 18,890 shares during the period. Mondrian Investment Partners LTD grew its holdings in Donaldson by 7.5% during the third quarter. Mondrian Investment Partners LTD now owns 39,122 shares of the industrial products company’s stock worth $1,797,000 after acquiring an additional 2,733 shares during the period. American Century Companies Inc. grew its holdings in Donaldson by 3.3% during the third quarter. American Century Companies Inc. now owns 1,243,915 shares of the industrial products company’s stock worth $57,145,000 after acquiring an additional 39,938 shares during the period. Finally, State of Tennessee Treasury Department acquired a new stake in Donaldson during the third quarter worth about $2,959,000. 77.91% of the stock is currently owned by institutional investors and hedge funds.
Donaldson Company, Inc. (NYSE DCI) opened at $46.91 on Monday. The stock has a market capitalization of $6,093.84, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 2.26 and a beta of 1.19. The company has a current ratio of 2.38, a quick ratio of 1.77 and a debt-to-equity ratio of 0.63. Donaldson Company, Inc. has a 1 year low of $39.49 and a 1 year high of $48.91.
Donaldson (NYSE:DCI) last issued its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). The business had revenue of $660.10 million for the quarter, compared to analysts’ expectations of $634.41 million. Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 EPS. equities analysts forecast that Donaldson Company, Inc. will post 1.87 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders 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 yield of 1.53%. Donaldson’s dividend payout ratio is currently 41.38%.
DCI has been the topic of several analyst reports. Zacks Investment Research lowered Donaldson from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 target price (down from $48.00) on shares of Donaldson in a report on Friday, September 8th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $46.00 target price on shares of Donaldson in a report on Friday, October 27th. BidaskClub lowered Donaldson from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $47.00 target price on shares of Donaldson in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $48.00.
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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