Quantinno Capital Management LP Has $43.17 Million Holdings in Donaldson Company, Inc. $DCI

Quantinno Capital Management LP cut its position in Donaldson Company, Inc. (NYSE:DCI) by 2.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 508,612 shares of the industrial products company’s stock after selling 15,435 shares during the period. Quantinno Capital Management LP’s holdings in Donaldson were worth $43,166,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in Donaldson by 3,094.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 44,377 shares of the industrial products company’s stock worth $3,934,000 after purchasing an additional 42,988 shares during the period. Artemis Investment Management LLP bought a new stake in Donaldson in the fourth quarter valued at approximately $1,494,000. Robeco Institutional Asset Management B.V. bought a new stake in Donaldson in the fourth quarter valued at approximately $17,105,000. Swedbank AB lifted its position in shares of Donaldson by 2.6% in the fourth quarter. Swedbank AB now owns 528,100 shares of the industrial products company’s stock valued at $46,821,000 after buying an additional 13,300 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Donaldson in the fourth quarter valued at approximately $2,004,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DCI shares. Wells Fargo & Company set a $91.00 target price on Donaldson in a report on Thursday, June 4th. Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Weiss Ratings raised shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Finally, Stifel Nicolaus decreased their price objective on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $97.83.

Donaldson Stock Down 3.1%

NYSE DCI opened at $92.44 on Thursday. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 1-year low of $70.17 and a 1-year high of $112.84. The company has a 50 day moving average of $87.41 and a 200-day moving average of $91.26. The company has a market cap of $10.71 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 2.41 and a beta of 0.93.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Monday, June 1st. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The business had revenue of $995.10 million for the quarter, compared to the consensus estimate of $973.65 million. During the same quarter in the prior year, the business posted $0.99 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts expect that Donaldson Company, Inc. will post 3.96 earnings per share for the current fiscal year.

Donaldson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.32 per share. This is an increase from Donaldson’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. Donaldson’s payout ratio is currently 34.41%.

About Donaldson

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.