Pictet Asset Management Ltd. purchased a new position in shares of Donaldson Company, Inc. (NYSE:DCI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,757 shares of the industrial products company’s stock, valued at approximately $2,102,000.
Other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in 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 worth $192,000 after purchasing an additional 217 shares during the period. Mosaic Family Wealth LLC increased its stake in Donaldson by 5.1% during the second quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock worth $202,000 after purchasing an additional 213 shares during the period. Quantbot Technologies LP purchased a new stake in Donaldson during the second quarter worth about $207,000. Oppenheimer & Co. Inc. purchased a new stake in Donaldson during the second quarter worth about $209,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Donaldson by 12.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,692 shares of the industrial products company’s stock worth $214,000 after purchasing an additional 526 shares during the period. Institutional investors own 78.00% of the company’s stock.
Shares of Donaldson Company, Inc. (NYSE:DCI) opened at $46.39 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.77 and a current ratio of 2.38. Donaldson Company, Inc. has a one year low of $39.49 and a one year high of $48.91. The firm has a market cap of $6,012.00, a P/E ratio of 27.39, a P/E/G ratio of 2.23 and a beta of 1.19.
Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). The business had revenue of $660.10 million during the quarter, compared to analyst estimates of $634.41 million. Donaldson had a net margin of 9.81% and a return on equity of 28.14%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. analysts predict that Donaldson Company, Inc. will post 1.87 EPS for the current fiscal year.
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A number of brokerages have issued reports on DCI. SunTrust Banks, Inc. reiterated a “hold” rating and set a $46.00 price target on shares of Donaldson in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Donaldson from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. BidaskClub lowered shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Stifel Nicolaus reiterated a “hold” rating on shares of Donaldson in a research note on Thursday, October 19th. Finally, Oppenheimer Holdings, Inc. restated 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, five have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $48.00.
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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