Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Fmr LLC

Fmr LLC lessened its position in Donaldson Company, Inc. (NYSE:DCI) by 0.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,649,813 shares of the industrial products company’s stock after selling 17,254 shares during the period. Fmr LLC’s holdings in Donaldson were worth $231,872,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DCI. Captrust Financial Advisors increased its position in Donaldson by 137.2% during the first quarter. Captrust Financial Advisors now owns 1,122 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 649 shares during the last quarter. Maverick Capital Ltd. acquired a new position in Donaldson during the first quarter worth approximately $139,000. Cullen Frost Bankers Inc. increased its position in Donaldson by 12.5% during the second quarter. Cullen Frost Bankers Inc. now owns 2,813 shares of the industrial products company’s stock worth $179,000 after purchasing an additional 313 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Donaldson during the first quarter worth approximately $203,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Donaldson during the second quarter worth approximately $203,000. 79.36% of the stock is owned by institutional investors and hedge funds.

Shares of DCI stock opened at $57.31 on Thursday. The company has a market capitalization of $7.11 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 2.16 and a beta of 1.33. The firm has a fifty day simple moving average of $62.86 and a 200-day simple moving average of $62.68. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.41. Donaldson Company, Inc. has a twelve month low of $46.84 and a twelve month high of $69.35.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Wednesday, September 1st. The industrial products company reported $0.66 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.66. Donaldson had a net margin of 10.05% and a return on equity of 26.93%. The firm had revenue of $773.10 million for the quarter, compared to the consensus estimate of $769.69 million. During the same period in the prior year, the firm posted $0.50 EPS. The firm’s revenue was up 25.2% compared to the same quarter last year. Equities research analysts predict that Donaldson Company, Inc. will post 2.64 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 31st. Shareholders of record on Monday, August 16th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, August 13th. This represents a $0.88 dividend on an annualized basis and a yield of 1.54%. Donaldson’s dividend payout ratio (DPR) is 37.93%.

Several equities research analysts have recently issued reports on DCI shares. Robert W. Baird increased their price objective on shares of Donaldson from $71.00 to $73.00 and gave the stock an “outperform” rating in a research report on Friday, September 3rd. Morgan Stanley dropped their price objective on shares of Donaldson from $75.00 to $73.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Zacks Investment Research raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Friday, July 9th.

About Donaldson

Donaldson Co, Inc engages in the manufacture of filtration systems and replacement parts. It operates through the following segments: Engine Products and Industrial Products. The Engine Products segment includes replacement filters for both air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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