Barings LLC Maintains Position in Donaldson Company, Inc. (DCI)
Barings LLC held its position in shares of Donaldson Company, Inc. (NYSE:DCI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,975 shares of the industrial products company’s stock at the end of the 2nd quarter. Barings LLC’s holdings in Donaldson were worth $1,273,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Schroder Investment Management Group acquired a new stake in Donaldson during the first quarter valued at approximately $154,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Donaldson by 5.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock valued at $192,000 after acquiring an additional 217 shares during the period. Mosaic Family Wealth LLC raised its holdings in shares of Donaldson by 5.1% during the second quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock valued at $202,000 after acquiring an additional 213 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Donaldson during the second quarter valued at approximately $207,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Donaldson during the first quarter valued at approximately $209,000. 78.24% of the stock is owned by institutional investors and hedge funds.
DCI has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Donaldson from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Stifel Nicolaus restated a “hold” rating and set a $45.00 price target (down previously from $48.00) on shares of Donaldson in a report on Friday, September 8th. Robert W. Baird restated a “hold” rating and set a $47.00 price target on shares of Donaldson in a report on Friday, September 8th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Donaldson in a report on Thursday, September 7th. Finally, Jefferies Group LLC restated a “buy” rating and set a $54.00 price target on shares of Donaldson in a report on Tuesday, October 3rd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $48.67.
Shares of Donaldson Company, Inc. (NYSE DCI) opened at 46.04 on Wednesday. The stock’s 50 day moving average is $45.81 and its 200-day moving average is $46.14. Donaldson Company, Inc. has a 12-month low of $35.85 and a 12-month high of $48.91. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 26.46 and a beta of 1.22.
Donaldson (NYSE:DCI) last released its quarterly earnings data on Thursday, September 7th. The industrial products company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.02). Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The firm had revenue of $660.10 million for the quarter, compared to the consensus estimate of $634.41 million. During the same period in the previous year, the business earned $0.46 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. On average, analysts anticipate that Donaldson Company, Inc. will post ($0.38) EPS for the current fiscal year.
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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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