Ameritas Investment Partners Inc. Has $2.25 Million Holdings in Donaldson Company, Inc. (DCI)
Ameritas Investment Partners Inc. boosted its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 1.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 49,432 shares of the industrial products company’s stock after acquiring an additional 603 shares during the period. Ameritas Investment Partners Inc.’s holdings in Donaldson were worth $2,250,000 as of its most recent filing with the SEC.
Other institutional investors and 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 1st quarter worth $154,000. Northwestern Mutual Wealth Management Co. grew its holdings in Donaldson by 5.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock worth $192,000 after acquiring an additional 217 shares during the period. Mosaic Family Wealth LLC grew its holdings in Donaldson by 5.1% during the 2nd quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock worth $202,000 after acquiring an additional 213 shares during the period. Quantbot Technologies LP acquired a new stake in Donaldson during the 2nd quarter worth $207,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Donaldson during the 1st quarter worth $209,000. 78.24% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on DCI shares. BidaskClub lowered shares of Donaldson from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research lowered shares of Donaldson from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Stifel Nicolaus set a $48.00 price target on shares of Donaldson and gave the company a “hold” rating in a report on Friday, August 18th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Donaldson in a report on Thursday, September 7th. Finally, Robert W. Baird reissued a “hold” rating and issued a $47.00 price target on shares of Donaldson in a report on Friday, September 8th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Donaldson currently has an average rating of “Hold” and an average target price of $48.67.
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Donaldson Company, Inc. (NYSE:DCI) traded up 0.571% during midday trading on Friday, reaching $46.715. 28,131 shares of the company traded hands. Donaldson Company, Inc. has a 12-month low of $35.85 and a 12-month high of $48.91. The company has a 50 day moving average of $45.76 and a 200-day moving average of $46.14. The stock has a market capitalization of $6.07 billion, a P/E ratio of 26.848 and a beta of 1.22.
Donaldson (NYSE:DCI) last posted its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). The company had revenue of $660.10 million during the quarter, compared to analyst estimates of $634.41 million. Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. Equities analysts anticipate that Donaldson Company, Inc. will post ($0.38) EPS for the current fiscal year.
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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