Janus Henderson Group PLC Has $67.38 Million Position in Donaldson Company, Inc. (DCI)

Janus Henderson Group PLC boosted its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 163.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,479,606 shares of the industrial products company’s stock after purchasing an additional 918,729 shares during the period. Janus Henderson Group PLC owned about 1.13% of Donaldson worth $67,381,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DCI. Russell Investments Group Ltd. lifted its position in Donaldson by 14.1% during the first quarter. Russell Investments Group Ltd. now owns 50,054 shares of the industrial products company’s stock valued at $2,278,000 after purchasing an additional 6,170 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Donaldson by 96.0% during the first quarter. JPMorgan Chase & Co. now owns 9,985 shares of the industrial products company’s stock valued at $454,000 after purchasing an additional 4,891 shares in the last quarter. KBC Group NV lifted its position in Donaldson by 259.9% during the first quarter. KBC Group NV now owns 9,001 shares of the industrial products company’s stock valued at $410,000 after purchasing an additional 6,500 shares in the last quarter. Victory Capital Management Inc. lifted its position in Donaldson by 23.2% during the first quarter. Victory Capital Management Inc. now owns 30,320 shares of the industrial products company’s stock valued at $1,380,000 after purchasing an additional 5,707 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new position in Donaldson during the first quarter valued at $154,000. Institutional investors own 78.24% of the company’s stock.

Several research firms recently weighed in on DCI. BidaskClub downgraded Donaldson from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research downgraded Donaldson from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 target price (down from $48.00) on shares of Donaldson in a research report on Friday, September 8th. Jefferies Group LLC reiterated a “buy” rating and set a $54.00 target price on shares of Donaldson in a research report on Tuesday, October 3rd. Finally, Robert W. Baird reiterated a “hold” rating and set a $47.00 target price on shares of Donaldson in a research report on Friday, September 8th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Donaldson presently has an average rating of “Hold” and a consensus target price of $48.67.

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Donaldson Company, Inc. (NYSE:DCI) opened at 46.45 on Friday. Donaldson Company, Inc. has a 12 month low of $35.85 and a 12 month high of $48.91. The stock has a market capitalization of $6.03 billion, a P/E ratio of 26.70 and a beta of 1.22. The stock has a 50 day moving average price of $45.76 and a 200 day moving average price of $46.14.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.02). Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The company had revenue of $660.10 million for the quarter, compared to analyst estimates of $634.41 million. During the same period in the prior year, the business posted $0.46 earnings per share. Donaldson’s revenue for the quarter was up 11.2% on a year-over-year basis. Equities analysts predict that Donaldson Company, Inc. will post ($0.38) EPS for the current fiscal year.

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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