Diversified Management Inc. Decreases Position in Donaldson Company, Inc. $DCI

Diversified Management Inc. trimmed its position in Donaldson Company, Inc. (NYSE:DCI) by 82.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,293 shares of the industrial products company’s stock after selling 15,629 shares during the quarter. Diversified Management Inc.’s holdings in Donaldson were worth $296,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DCI. Royal Bank of Canada increased its position in shares of Donaldson by 38.2% during the first quarter. Royal Bank of Canada now owns 102,128 shares of the industrial products company’s stock worth $6,848,000 after purchasing an additional 28,207 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Donaldson by 16.5% in the first quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company’s stock worth $233,000 after buying an additional 494 shares in the last quarter. Millennium Management LLC grew its stake in Donaldson by 428.6% during the 1st quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company’s stock valued at $15,020,000 after acquiring an additional 181,602 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Donaldson by 29.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company’s stock valued at $18,745,000 after acquiring an additional 62,864 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Donaldson by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,032 shares of the industrial products company’s stock worth $141,000 after purchasing an additional 933 shares in the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Stock Performance

NYSE DCI opened at $96.25 on Thursday. Donaldson Company, Inc. has a 1-year low of $72.95 and a 1-year high of $112.84. The stock has a 50-day moving average of $89.99 and a two-hundred day moving average of $91.06. The company has a market cap of $11.16 billion, a P/E ratio of 25.87, a P/E/G ratio of 2.22 and a beta of 0.92. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.35 and a quick ratio of 1.55.

Donaldson (NYSE:DCI) last released its 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 net margin of 11.52% and a return on equity of 29.17%. The company had revenue of $995.10 million for the quarter, compared to analyst estimates of $973.65 million. During the same period in the prior year, the business earned $0.99 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, analysts anticipate that Donaldson Company, Inc. will post 3.96 EPS for the current year.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.28 annualized dividend and a yield of 1.3%. Donaldson’s dividend payout ratio (DPR) is 34.41%.

Analyst Upgrades and Downgrades

Several research firms recently commented on DCI. Wells Fargo & Company set a $91.00 price target on Donaldson in a report on Thursday, June 4th. Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings raised shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Finally, Stifel Nicolaus reduced their target price on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research note on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.83.

Donaldson Profile

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.