First Trust Advisors LP lessened its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 95.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,806 shares of the industrial products company’s stock after selling 322,987 shares during the quarter. First Trust Advisors LP’s holdings in Donaldson were worth $634,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DCI. Janus Henderson Group PLC boosted its position in shares of Donaldson by 163.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,479,606 shares of the industrial products company’s stock worth $67,381,000 after purchasing an additional 918,729 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Donaldson by 1,689.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 889,372 shares of the industrial products company’s stock worth $40,502,000 after acquiring an additional 839,672 shares during the last quarter. Koch Industries Inc. acquired a new stake in shares of Donaldson in the 2nd quarter worth about $618,000. Principal Financial Group Inc. raised its holdings in shares of Donaldson by 55.7% in the 2nd quarter. Principal Financial Group Inc. now owns 1,252,691 shares of the industrial products company’s stock worth $57,048,000 after acquiring an additional 448,320 shares during the last quarter. Finally, Marshall Wace North America L.P. raised its holdings in shares of Donaldson by 725.5% in the 2nd quarter. Marshall Wace North America L.P. now owns 480,502 shares of the industrial products company’s stock worth $22,103,000 after acquiring an additional 422,292 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors.

Shares of Donaldson Company, Inc. (DCI) opened at $48.90 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.90 and a quick ratio of 2.13. Donaldson Company, Inc. has a fifty-two week low of $41.28 and a fifty-two week high of $50.10. The firm has a market cap of $6,282.20, a PE ratio of 27.32, a P/E/G ratio of 2.20 and a beta of 1.21.

Donaldson (NYSE:DCI) last posted its earnings results on Thursday, November 30th. The industrial products company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.04. The company had revenue of $644.80 million for the quarter, compared to analyst estimates of $602.02 million. Donaldson had a net margin of 9.57% and a return on equity of 28.49%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.05) EPS. analysts expect that Donaldson Company, Inc. will post 1.99 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, December 6th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 annualized dividend and a yield of 1.47%. Donaldson’s dividend payout ratio (DPR) is 40.68%.

A number of research firms recently weighed in on DCI. Jefferies Group restated a “buy” rating and issued a $57.00 target price on shares of Donaldson in a report on Friday, December 1st. Oppenheimer restated a “hold” rating on shares of Donaldson in a report on Friday, December 1st. SunTrust Banks restated a “hold” rating and issued a $50.00 target price on shares of Donaldson in a report on Friday, December 1st. BidaskClub upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $50.60.

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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.

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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