Donaldson Company, Inc. (DCI) Holdings Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in Donaldson Company, Inc. (NYSE:DCI) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 110,073 shares of the industrial products company’s stock after selling 1,247 shares during the quarter. Mutual of America Capital Management LLC owned about 0.09% of Donaldson worth $6,413,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in Donaldson by 167.0% in the third quarter. JPMorgan Chase & Co. now owns 238,445 shares of the industrial products company’s stock worth $13,892,000 after purchasing an additional 149,144 shares in the last quarter. Honkamp Krueger Financial Services Inc. acquired a new position in Donaldson in the third quarter worth $148,000. GAM Holding AG acquired a new position in Donaldson in the third quarter worth $628,000. William Blair Investment Management LLC boosted its stake in Donaldson by 5.6% in the third quarter. William Blair Investment Management LLC now owns 1,629,463 shares of the industrial products company’s stock worth $94,933,000 after purchasing an additional 85,798 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Donaldson by 16.7% in the third quarter. Hsbc Holdings PLC now owns 13,456 shares of the industrial products company’s stock worth $784,000 after purchasing an additional 1,929 shares in the last quarter. 81.42% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently weighed in on DCI shares. Oppenheimer restated a “hold” rating on shares of Donaldson in a research report on Thursday, September 6th. Stifel Nicolaus restated a “hold” rating and set a $54.00 target price (up previously from $46.00) on shares of Donaldson in a research report on Thursday, September 6th. ValuEngine upgraded Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Zacks Investment Research upgraded Donaldson from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Monday, September 10th. Finally, SunTrust Banks restated a “hold” rating and set a $56.00 target price on shares of Donaldson in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $56.33.

NYSE DCI opened at $51.42 on Friday. The stock has a market capitalization of $6.57 billion, a P/E ratio of 25.71, a P/E/G ratio of 1.87 and a beta of 1.25. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.74. Donaldson Company, Inc. has a 12 month low of $43.35 and a 12 month high of $59.43.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Tuesday, December 4th. The industrial products company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). The company had revenue of $701.40 million during the quarter, compared to the consensus estimate of $700.98 million. Donaldson had a net margin of 6.92% and a return on equity of 32.75%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 EPS. On average, equities research analysts predict that Donaldson Company, Inc. will post 2.39 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Tuesday, December 11th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, December 10th. This represents a $0.76 dividend on an annualized basis and a yield of 1.48%. Donaldson’s dividend payout ratio is presently 38.00%.

In related news, VP Richard Brent Lewis sold 3,209 shares of the company’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $58.99, for a total value of $189,298.91. Following the completion of the sale, the vice president now owns 4,000 shares in the company, valued at $235,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Willard D. Oberton sold 14,400 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $56.85, for a total value of $818,640.00. Following the completion of the sale, the director now owns 30,451 shares of the company’s stock, valued at approximately $1,731,139.35. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

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Donaldson Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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