Price T Rowe Associates Inc. MD Trims Stake in Donaldson Company, Inc. (NYSE:DCI)

Price T Rowe Associates Inc. MD lowered its stake in Donaldson Company, Inc. (NYSE:DCI) by 8.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 177,347 shares of the industrial products company’s stock after selling 16,971 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Donaldson were worth $9,020,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Advisory Services Network LLC lifted its stake in shares of Donaldson by 1.5% during the 2nd quarter. Advisory Services Network LLC now owns 21,517 shares of the industrial products company’s stock worth $1,095,000 after purchasing an additional 310 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in shares of Donaldson by 1.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 23,650 shares of the industrial products company’s stock worth $1,203,000 after purchasing an additional 340 shares during the period. ETF Managers Group LLC lifted its stake in shares of Donaldson by 14.7% during the 2nd quarter. ETF Managers Group LLC now owns 3,673 shares of the industrial products company’s stock worth $186,000 after purchasing an additional 470 shares during the period. HighTower Advisors LLC lifted its stake in shares of Donaldson by 2.5% during the 2nd quarter. HighTower Advisors LLC now owns 19,042 shares of the industrial products company’s stock worth $969,000 after purchasing an additional 473 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of Donaldson by 15.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 4,632 shares of the industrial products company’s stock worth $235,000 after purchasing an additional 632 shares during the period. 81.58% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Stifel Nicolaus set a $50.00 price target on Donaldson and gave the stock a “hold” rating in a research note on Friday, September 6th. Six analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average target price of $52.25.

DCI stock opened at $49.55 on Wednesday. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 2.06 and a beta of 1.42. The company has a quick ratio of 1.64, a current ratio of 2.32 and a debt-to-equity ratio of 0.65. The business has a fifty day simple moving average of $50.12 and a 200-day simple moving average of $50.10. Donaldson Company, Inc. has a 52 week low of $40.27 and a 52 week high of $57.31.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Thursday, September 5th. The industrial products company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $726.90 million during the quarter, compared to the consensus estimate of $725.32 million. Donaldson had a return on equity of 32.29% and a net margin of 9.39%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 EPS. As a group, analysts expect that Donaldson Company, Inc. will post 2.28 earnings per share for the current fiscal year.

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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