Robeco Institutional Asset Management B.V. Boosts Stake in Donaldson Company, Inc. (DCI)
Robeco Institutional Asset Management B.V. raised its position in Donaldson Company, Inc. (NYSE:DCI) by 1,836.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 228,515 shares of the industrial products company’s stock after buying an additional 216,714 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.17% of Donaldson worth $10,407,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Donaldson by 8.3% in the first quarter. Vanguard Group Inc. now owns 12,152,840 shares of the industrial products company’s stock worth $553,197,000 after buying an additional 930,432 shares in the last quarter. BlackRock Inc. raised its stake in shares of Donaldson by 5,553.3% in the first quarter. BlackRock Inc. now owns 10,390,356 shares of the industrial products company’s stock worth $472,970,000 after buying an additional 10,206,564 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Donaldson by 25.9% in the first quarter. Bank of New York Mellon Corp now owns 2,411,896 shares of the industrial products company’s stock worth $109,787,000 after buying an additional 496,064 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Donaldson by 3.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,811,182 shares of the industrial products company’s stock worth $82,445,000 after buying an additional 55,228 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Donaldson by 0.7% in the first quarter. UBS Asset Management Americas Inc. now owns 1,399,040 shares of the industrial products company’s stock worth $63,684,000 after buying an additional 9,598 shares in the last quarter. 77.91% of the stock is currently owned by institutional investors and hedge funds.
Donaldson Company, Inc. (NYSE DCI) opened at 46.52 on Wednesday. The company’s 50-day moving average is $46.86 and its 200-day moving average is $45.68. The firm has a market capitalization of $6.10 billion, a P/E ratio of 27.69 and a beta of 1.22. Donaldson Company, Inc. has a one year low of $35.59 and a one year high of $48.91.
Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, June 1st. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $608.20 million for the quarter, compared to the consensus estimate of $580.44 million. Donaldson had a return on equity of 28.12% and a net margin of 9.72%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. Equities analysts forecast that Donaldson Company, Inc. will post ($0.38) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.18 per share. This is an increase from Donaldson’s previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, August 11th. Donaldson’s dividend payout ratio is presently 43.11%.
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A number of analysts have recently commented on DCI shares. Jefferies Group LLC raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Wednesday, May 31st. Zacks Investment Research downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. BidaskClub upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Donaldson in a report on Thursday, June 1st. Finally, Stifel Nicolaus set a $48.00 target price on shares of Donaldson and gave the stock a “hold” rating in a report on Friday, August 18th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.25.
In other news, Director Michael J. Hoffman sold 14,400 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $46.84, for a total transaction of $674,496.00. Following the transaction, the director now directly owns 41,473 shares of the company’s stock, valued at $1,942,595.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.88% of the company’s stock.
Donaldson Company 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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