Liberty Mutual Group Asset Management Inc. lowered its stake in Donaldson Company, Inc. (NYSE:DCI) by 23.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,585 shares of the industrial products company’s stock after selling 7,692 shares during the quarter. Liberty Mutual Group Asset Management Inc.’s holdings in Donaldson were worth $1,153,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of DCI. Bank of Montreal Can lifted its position in Donaldson by 117.8% in the fourth quarter. Bank of Montreal Can now owns 16,521 shares of the industrial products company’s stock valued at $808,000 after buying an additional 8,937 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Donaldson by 3.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 442,114 shares of the industrial products company’s stock valued at $21,642,000 after buying an additional 15,363 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Donaldson in the fourth quarter valued at about $512,000. Mountain Pacific Investment Advisers Inc. ID lifted its position in Donaldson by 0.7% in the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 666,212 shares of the industrial products company’s stock valued at $32,611,000 after buying an additional 4,725 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in Donaldson by 61.7% in the fourth quarter. SG Americas Securities LLC now owns 41,346 shares of the industrial products company’s stock valued at $2,024,000 after buying an additional 15,781 shares during the last quarter. 77.39% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on DCI shares. Zacks Investment Research cut shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Stifel Nicolaus reduced their price target on shares of Donaldson from $53.00 to $51.00 and set a “hold” rating on the stock in a research report on Wednesday, March 7th. TheStreet raised shares of Donaldson from a “c+” rating to a “b+” rating in a research report on Thursday, May 31st. Finally, Gabelli raised shares of Donaldson from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 7th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Donaldson presently has an average rating of “Hold” and an average price target of $50.60.
Shares of DCI traded up $0.05 during mid-day trading on Thursday, hitting $47.98. 324,384 shares of the company’s stock were exchanged, compared to its average volume of 468,418. The stock has a market capitalization of $6.31 billion, a PE ratio of 28.39, a P/E/G ratio of 2.12 and a beta of 1.16. Donaldson Company, Inc. has a fifty-two week low of $42.59 and a fifty-two week high of $52.20. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.28 and a current ratio of 3.14.
Donaldson (NYSE:DCI) last issued its earnings results on Thursday, May 31st. The industrial products company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The firm had revenue of $700.00 million for the quarter, compared to analysts’ expectations of $682.68 million. Donaldson had a net margin of 5.47% and a return on equity of 30.15%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 earnings per share. sell-side analysts predict that Donaldson Company, Inc. will post 1.99 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Monday, June 11th will be issued a $0.19 dividend. This is a boost from Donaldson’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, June 8th. This represents a $0.76 annualized dividend and a yield of 1.58%. Donaldson’s dividend payout ratio (DPR) is 44.97%.
Donaldson Company Profile
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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