Prudential Financial Inc. Sells 312,690 Shares of Donaldson Company, Inc. (NYSE:DCI)

Prudential Financial Inc. cut its stake in Donaldson Company, Inc. (NYSE:DCI) by 55.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 246,234 shares of the industrial products company’s stock after selling 312,690 shares during the quarter. Prudential Financial Inc. owned 0.19% of Donaldson worth $11,312,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Donaldson by 96.0% during the 1st quarter. JPMorgan Chase & Co. now owns 9,985 shares of the industrial products company’s stock worth $454,000 after acquiring an additional 4,891 shares during the last quarter. Teachers Advisors LLC boosted its position in Donaldson by 9.2% during the 1st quarter. Teachers Advisors LLC now owns 125,839 shares of the industrial products company’s stock worth $5,728,000 after acquiring an additional 10,650 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Donaldson by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 855,564 shares of the industrial products company’s stock valued at $38,944,000 after buying an additional 2,545 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Donaldson by 4.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 48,229 shares of the industrial products company’s stock valued at $2,196,000 after buying an additional 2,057 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its holdings in shares of Donaldson by 18.9% in the 2nd quarter. LS Investment Advisors LLC now owns 10,728 shares of the industrial products company’s stock valued at $489,000 after buying an additional 1,703 shares during the last quarter. 77.64% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on DCI shares. Zacks Investment Research cut Donaldson from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Oppenheimer restated a “hold” rating on shares of Donaldson in a research report on Friday, December 1st. Robert W. Baird restated a “hold” rating and issued a $47.00 price target on shares of Donaldson in a research report on Friday, September 8th. Jefferies Group restated a “buy” rating and issued a $54.00 price target on shares of Donaldson in a research report on Tuesday, October 3rd. Finally, SunTrust Banks restated a “hold” rating and issued a $46.00 price target on shares of Donaldson in a research report on Friday, October 27th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $50.60.

Shares of Donaldson Company, Inc. (NYSE DCI) traded up $0.54 during mid-day trading on Thursday, hitting $48.90. The stock had a trading volume of 325,857 shares, compared to its average volume of 476,020. Donaldson Company, Inc. has a 12-month low of $41.28 and a 12-month high of $50.10. The firm has a market capitalization of $6,258.82, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 2.19 and a beta of 1.21. 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 data on Thursday, November 30th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.04. The company had revenue of $644.80 million during the quarter, compared to the consensus estimate of $602.02 million. Donaldson had a return on equity of 28.49% and a net margin of 9.57%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. analysts forecast that Donaldson Company, Inc. will post 1.99 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, December 6th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.47%. Donaldson’s payout ratio is currently 40.68%.

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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.

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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