Granite Investment Partners LLC lifted its position in Donaldson Company, Inc. (NYSE:DCI) by 11.7% in the first quarter, HoldingsChannel reports. The firm owned 39,880 shares of the industrial products company’s stock after purchasing an additional 4,177 shares during the quarter. Granite Investment Partners LLC’s holdings in Donaldson were worth $1,996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc boosted its position in shares of Donaldson by 0.7% during the third quarter. Vanguard Group Inc now owns 12,475,701 shares of the industrial products company’s stock worth $726,835,000 after acquiring an additional 84,864 shares during the last quarter. BlackRock Inc. boosted its position in shares of Donaldson by 1.7% during the first quarter. BlackRock Inc. now owns 11,562,764 shares of the industrial products company’s stock worth $578,833,000 after acquiring an additional 195,344 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Donaldson by 4,293.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,243,003 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 2,191,949 shares during the last quarter. BTIM Corp. boosted its position in shares of Donaldson by 20.4% during the first quarter. BTIM Corp. now owns 1,932,699 shares of the industrial products company’s stock worth $96,751,000 after acquiring an additional 327,898 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in shares of Donaldson by 104.4% during the first quarter. Pictet Asset Management Ltd. now owns 1,627,516 shares of the industrial products company’s stock worth $81,473,000 after acquiring an additional 831,322 shares during the last quarter. 80.07% of the stock is owned by hedge funds and other institutional investors.

DCI stock traded down $0.33 during trading on Wednesday, hitting $49.22. 5,409 shares of the company’s stock traded hands, compared to its average volume of 429,598. Donaldson Company, Inc. has a 52 week low of $40.27 and a 52 week high of $59.43. The company has a quick ratio of 1.82, a current ratio of 2.63 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $6.30 billion, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 2.05 and a beta of 1.47.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.04). Donaldson had a net margin of 10.96% and a return on equity of 32.30%. The business had revenue of $713.00 million for the quarter, compared to the consensus estimate of $745.05 million. During the same quarter last year, the business earned $0.53 EPS. Donaldson’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, analysts anticipate that Donaldson Company, Inc. will post 2.21 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $0.84 annualized dividend and a yield of 1.71%. This is a positive change from Donaldson’s previous quarterly dividend of $0.19. Donaldson’s dividend payout ratio (DPR) is 38.00%.

Separately, Zacks Investment Research upgraded shares of Donaldson from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Six equities research analysts have rated the stock with a hold rating, Donaldson has an average rating of “Hold” and a consensus target price of $53.00.

In other Donaldson news, Director John Wiehoff sold 14,400 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $47.88, for a total transaction of $689,472.00. Following the transaction, the director now owns 66,860 shares of the company’s stock, valued at approximately $3,201,256.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Tod E. Carpenter sold 4,000 shares of the firm’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $50.02, for a total transaction of $200,080.00. Following the transaction, the chairman now directly owns 102,037 shares in the company, valued at approximately $5,103,890.74. The disclosure for this sale can be found here. Insiders sold a total of 32,800 shares of company stock worth $1,596,592 in the last ninety days. 1.35% of the stock is currently owned by insiders.

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Donaldson Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

See Also: Net Asset Value

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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