Mountain Pacific Investment Advisers Inc. ID raised its holdings in Donaldson Company, Inc. (NYSE:DCI) by 1.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 661,487 shares of the industrial products company’s stock after purchasing an additional 6,480 shares during the period. Donaldson accounts for approximately 3.3% of Mountain Pacific Investment Advisers Inc. ID’s portfolio, making the stock its 8th largest holding. Mountain Pacific Investment Advisers Inc. ID owned approximately 0.51% of Donaldson worth $30,389,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in DCI. Northwestern Mutual Wealth Management Co. lifted its holdings 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 valued at $192,000 after purchasing an additional 217 shares in the last quarter. Mosaic Family Wealth LLC lifted its holdings 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 valued at $202,000 after purchasing an additional 213 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Donaldson in the second quarter valued at about $207,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Donaldson in the first quarter valued at about $209,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Donaldson in the second quarter valued at about $209,000. 78.23% of the stock is currently owned by institutional investors.
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Donaldson Company, Inc. (NYSE:DCI) traded up 0.49% during trading on Monday, reaching $47.40. 77,919 shares of the company’s stock were exchanged. Donaldson Company, Inc. has a 52 week low of $35.85 and a 52 week high of $48.91. The company’s 50 day moving average price is $45.78 and its 200-day moving average price is $46.21. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 27.24 and a beta of 1.22.
Donaldson (NYSE:DCI) last released its earnings results 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). The firm had revenue of $660.10 million during the quarter, compared to analysts’ expectations of $634.41 million. Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The business’s revenue was up 11.2% on a year-over-year basis. During the same period last year, the business earned $0.46 earnings per share. On average, equities analysts expect that Donaldson Company, Inc. will post ($0.38) EPS for the current year.
Several brokerages recently issued reports on DCI. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price objective (down previously from $48.00) on shares of Donaldson in a research note on Friday, September 8th. BidaskClub downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and set a $54.00 price objective on shares of Donaldson in a research note on Tuesday, October 3rd. Robert W. Baird reissued a “hold” rating and set a $47.00 price objective on shares of Donaldson in a research note on Friday, September 8th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Donaldson in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $48.67.
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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