Thrivent Financial For Lutherans reduced its position in Donaldson Company, Inc. (NYSE:DCI) by 22.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,910 shares of the industrial products company’s stock after selling 40,860 shares during the period. Thrivent Financial For Lutherans owned about 0.11% of Donaldson Company worth $6,506,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Seven Eight Capital LP purchased a new position in shares of Donaldson Company during the fourth quarter worth about $109,000. Clean Yield Group purchased a new position in shares of Donaldson Company during the first quarter worth about $109,000. TrimTabs Asset Management LLC purchased a new position in shares of Donaldson Company during the first quarter worth about $125,000. Schroder Investment Management Group purchased a new position in shares of Donaldson Company during the first quarter worth about $154,000. Finally, Tyers Asset Management LLC purchased a new position in shares of Donaldson Company during the fourth quarter worth about $160,000. 78.78% of the stock is currently owned by hedge funds and other institutional investors.
Donaldson Company, Inc. (NYSE:DCI) traded down 1.415% during mid-day trading on Tuesday, reaching $46.335. 156,834 shares of the company’s stock traded hands. Donaldson Company, Inc. has a 52 week low of $33.22 and a 52 week high of $48.91. The stock’s 50 day moving average is $46.60 and its 200-day moving average is $44.43. The stock has a market capitalization of $6.07 billion, a PE ratio of 27.580 and a beta of 1.14.
Donaldson Company (NYSE:DCI) last released its quarterly earnings data on Thursday, June 1st. The industrial products company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Donaldson Company had a net margin of 9.72% and a return on equity of 28.12%. The company had revenue of $608.20 million for the quarter, compared to analysts’ expectations of $580.44 million. During the same quarter last year, the company earned $0.43 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts anticipate that Donaldson Company, Inc. will post ($0.38) EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Shareholders of record on Monday, June 12th will be issued a dividend of $0.175 per share. The ex-dividend date is Thursday, June 8th. This represents a $0.70 dividend on an annualized basis and a yield of 1.49%. Donaldson Company’s payout ratio is currently 41.92%.
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Several analysts have weighed in on DCI shares. Zacks Investment Research downgraded shares of Donaldson Company from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. Jefferies Group LLC raised shares of Donaldson Company from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Wednesday, May 31st. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Donaldson Company in a research report on Thursday, June 1st. Finally, Stifel Nicolaus reissued a “hold” rating and set a $48.00 target price (up previously from $45.00) on shares of Donaldson Company in a research report on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $48.25.
About Donaldson Company
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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