Principal Financial Group Inc. cut its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 6.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,171,135 shares of the industrial products company’s stock after selling 81,556 shares during the quarter. Principal Financial Group Inc. owned about 0.90% of Donaldson worth $53,802,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its stake in Donaldson by 163.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,479,606 shares of the industrial products company’s stock worth $67,381,000 after acquiring an additional 918,729 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Donaldson by 1,689.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 889,372 shares of the industrial products company’s stock valued at $40,502,000 after purchasing an additional 839,672 shares during the last quarter. Koch Industries Inc. purchased a new position in shares of Donaldson in the 2nd quarter valued at approximately $618,000. Marshall Wace North America L.P. grew its stake in shares of Donaldson by 725.5% in the 2nd quarter. Marshall Wace North America L.P. now owns 480,502 shares of the industrial products company’s stock valued at $22,103,000 after purchasing an additional 422,292 shares during the last quarter. Finally, AHL Partners LLP grew its stake in shares of Donaldson by 389.2% in the 2nd quarter. AHL Partners LLP now owns 426,836 shares of the industrial products company’s stock valued at $10,540,000 after purchasing an additional 339,586 shares during the last quarter. Institutional investors and hedge funds own 78.00% of the company’s stock.
Several brokerages have weighed in on DCI. Zacks Investment Research downgraded Donaldson from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. BidaskClub raised Donaldson from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Stifel Nicolaus set a $48.00 price target on Donaldson and gave the company a “hold” rating in a report on Friday, August 18th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Donaldson in a report on Thursday, September 7th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $54.00 price target on shares of Donaldson in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.00.
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Donaldson Company, Inc. (DCI) opened at $46.35 on Wednesday. The stock has a market capitalization of $6,020.00, a price-to-earnings ratio of 27.45, a P/E/G ratio of 2.24 and a beta of 1.19. Donaldson Company, Inc. has a 1-year low of $39.49 and a 1-year high of $48.91. The company has a current ratio of 2.38, a quick ratio of 1.77 and a debt-to-equity ratio of 0.63.
Donaldson (NYSE:DCI) last issued its quarterly earnings data on Thursday, September 7th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.02). The firm 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 for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. analysts predict that Donaldson Company, Inc. will post 1.87 EPS for the current year.
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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