Teachers Advisors LLC Has $8.63 Million Stake in Donaldson Company, Inc. (DCI)
Teachers Advisors LLC lifted its position in Donaldson Company, Inc. (NYSE:DCI) by 50.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 189,531 shares of the industrial products company’s stock after buying an additional 63,692 shares during the period. Teachers Advisors LLC owned about 0.14% of Donaldson worth $8,631,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Schroder Investment Management Group bought a new position in shares of Donaldson in the first quarter worth approximately $154,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Donaldson by 5.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock worth $192,000 after buying an additional 217 shares in the last quarter. Mosaic Family Wealth LLC lifted its stake in shares of Donaldson by 5.1% in the second quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock worth $202,000 after buying an additional 213 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Donaldson in the first quarter worth approximately $209,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Donaldson in the second quarter worth approximately $209,000. Hedge funds and other institutional investors own 78.24% of the company’s stock.
Several brokerages have recently issued reports on DCI. BidaskClub downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $54.00 target price on shares of Donaldson in a research note on Tuesday. Stifel Nicolaus set a $48.00 target price on shares of Donaldson and gave the stock a “hold” rating in a research note on Friday, August 18th. Zacks Investment Research downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Donaldson in a research note on Thursday, September 7th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Donaldson currently has an average rating of “Hold” and an average price target of $48.67.
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Donaldson Company, Inc. (DCI) opened at 46.87 on Thursday. The stock has a 50 day moving average of $45.86 and a 200 day moving average of $46.09. Donaldson Company, Inc. has a 52 week low of $35.85 and a 52 week high of $48.91. The company has a market cap of $6.09 billion, a P/E ratio of 26.94 and a beta of 1.22.
Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Donaldson had a net margin of 9.81% and a return on equity of 28.14%. The firm had revenue of $660.10 million during the quarter, compared to the consensus estimate of $634.41 million. During the same quarter in the prior year, the business posted $0.46 earnings per share. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. On average, analysts expect that Donaldson Company, Inc. will post ($0.38) earnings per share for the current year.
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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