American Century Companies Inc. increased its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 3.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,243,915 shares of the industrial products company’s stock after purchasing an additional 39,938 shares during the period. American Century Companies Inc. owned 0.96% of Donaldson worth $57,145,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in 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 acquiring an additional 217 shares in the last quarter. Mosaic Family Wealth LLC boosted its stake in 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 acquiring an additional 213 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Donaldson in the second quarter valued at approximately $207,000. Oppenheimer & Co. Inc. acquired a new stake in Donaldson in the second quarter valued at approximately $209,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Donaldson by 12.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,692 shares of the industrial products company’s stock valued at $214,000 after acquiring an additional 526 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.
Shares of Donaldson Company, Inc. (NYSE:DCI) opened at $46.28 on Friday. Donaldson Company, Inc. has a 52-week low of $39.49 and a 52-week high of $48.91. The stock has a market cap of $6,012.00, a PE ratio of 27.38, a PEG ratio of 2.23 and a beta of 1.19. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.38 and a quick ratio of 1.77.
Donaldson (NYSE:DCI) last posted its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). The business had revenue of $660.10 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. sell-side analysts forecast that Donaldson Company, Inc. will post 1.87 EPS for the current year.
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A number of research analysts have issued reports on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price target (down previously from $48.00) on shares of Donaldson in a report on Friday, September 8th. Robert W. Baird reissued a “hold” rating and set a $47.00 target price on shares of Donaldson in a report on Friday, September 8th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Donaldson in a report on Thursday, September 7th. Zacks Investment Research cut shares of Donaldson from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, BidaskClub raised shares of Donaldson from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $48.00.
Donaldson Company 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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