Donaldson Company, Inc. (DCI) Stake Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 7.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 877,588 shares of the industrial products company’s stock after purchasing an additional 61,371 shares during the period. Dimensional Fund Advisors LP’s holdings in Donaldson were worth $40,317,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DCI. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Donaldson by 12.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,692 shares of the industrial products company’s stock worth $214,000 after acquiring an additional 526 shares in the last quarter. Swiss National Bank boosted its stake in shares of Donaldson by 0.9% during the 2nd quarter. Swiss National Bank now owns 209,700 shares of the industrial products company’s stock worth $9,550,000 after acquiring an additional 1,800 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Donaldson during the 2nd quarter worth about $209,000. JPMorgan Chase & Co. boosted its stake in shares of Donaldson by 220.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 32,021 shares of the industrial products company’s stock worth $1,458,000 after acquiring an additional 22,036 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of Donaldson by 1,967.6% during the 2nd quarter. Schroder Investment Management Group now owns 70,300 shares of the industrial products company’s stock worth $3,162,000 after acquiring an additional 66,900 shares in the last quarter. 77.63% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently issued reports on DCI. SunTrust Banks reissued a “hold” rating and set a $50.00 target price on shares of Donaldson in a research note on Friday, December 1st. Stifel Nicolaus reissued a “hold” rating on shares of Donaldson in a research note on Thursday, October 19th. Jefferies Group reissued a “buy” rating and set a $54.00 target price on shares of Donaldson in a research note on Tuesday, October 3rd. Zacks Investment Research lowered shares of Donaldson from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, Oppenheimer reissued a “hold” rating on shares of Donaldson in a research note on Monday, December 18th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $50.60.

In related news, insider Melissa A. Osland sold 1,453 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $48.26, for a total value of $70,121.78. Following the transaction, the insider now directly owns 4,174 shares of the company’s stock, valued at approximately $201,437.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.09% of the company’s stock.

Donaldson Company, Inc. (DCI) opened at $49.47 on Thursday. The firm has a market cap of $6,430.00, a PE ratio of 27.95, a P/E/G ratio of 2.25 and a beta of 1.20. Donaldson Company, Inc. has a 12 month low of $41.46 and a 12 month high of $50.27. The company has a quick ratio of 2.13, a current ratio of 2.90 and a debt-to-equity ratio of 0.72.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Thursday, November 30th. The industrial products company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.04. The firm 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%. Donaldson’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company posted ($0.05) EPS. equities analysts anticipate that Donaldson Company, Inc. will post 1.99 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Wednesday, December 6th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Tuesday, December 5th. Donaldson’s dividend payout ratio is presently 40.68%.

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Donaldson 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.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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