American International Group Inc. trimmed its stake in Donaldson (NYSE:DCI) by 3.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 260,113 shares of the industrial products company’s stock after selling 9,058 shares during the quarter. American International Group Inc. owned about 0.20% of Donaldson worth $11,718,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of DCI. Advisor Group Inc. grew its holdings in Donaldson by 91.3% in the fourth quarter. Advisor Group Inc. now owns 3,139 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 1,498 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in Donaldson by 51.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,235 shares of the industrial products company’s stock worth $158,000 after purchasing an additional 1,100 shares during the period. Atria Investments LLC acquired a new stake in Donaldson in the first quarter worth $200,000. ETRADE Capital Management LLC acquired a new stake in Donaldson in the fourth quarter worth $202,000. Finally, BB&T Corp acquired a new stake in Donaldson in the fourth quarter worth $210,000. Institutional investors and hedge funds own 79.41% of the company’s stock.
A number of equities research analysts have commented on the stock. Zacks Investment Research cut shares of Donaldson from a “buy” rating to a “hold” rating in a report on Tuesday. Gabelli upgraded shares of Donaldson from a “neutral” rating to a “buy” rating in a report on Wednesday, March 7th. They noted that the move was a valuation call. TheStreet cut shares of Donaldson from an “a-” rating to a “c+” rating in a report on Tuesday, March 6th. Finally, Stifel Nicolaus reduced their price target on shares of Donaldson from $53.00 to $51.00 and set a “hold” rating for the company in a report on Wednesday, March 7th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $51.60.
Donaldson stock opened at $47.40 on Friday. Donaldson has a 1-year low of $47.24 and a 1-year high of $47.54. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 2.08 and a beta of 1.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.15 and a current ratio of 2.94.
Donaldson (NYSE:DCI) last released its quarterly earnings data on Tuesday, March 6th. The industrial products company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Donaldson had a net margin of 5.29% and a return on equity of 29.25%. The business had revenue of $664.70 million during the quarter, compared to the consensus estimate of $630.53 million. During the same period last year, the business posted $0.35 earnings per share. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. equities research analysts predict that Donaldson will post 1.98 EPS for the current year.
Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for 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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