The North Carolina State Treasurer increased its stake in shares of Donaldson Company, Inc. (NYSE: DCI – Get Rating) by 1.6% in Q1, according to its latest 13F filing with the Securities and Exchange Commission. The fund held 45,501 shares of the industrial products company after buying an additional 723 shares during the quarter. The North Carolina State Treasurer’s holdings of Donaldson were worth $2,363,000 at the end of the most recent reporting period.
Other institutional investors also changed their stake in the company. South Dakota’s Sageworth Trust Co purchased a new equity stake in Donaldson during Q4 for approximately $32,000. Artemis Wealth Advisors LLC purchased a new equity stake in Donaldson during Q1 worth approximately $36,000. Prospera Financial Services Inc purchased a new equity stake in Donaldson during Q1 worth approximately $38,000. Covestor Ltd bought a new stake in Donaldson in Q4 worth $63,000. Finally, Benjamin Edwards Inc. increased its position in Donaldson by 215.5% in the 4th quarter. Benjamin Edwards Inc. now owns 1,849 shares of the industrial products company valued at $110,000 after buying 1,263 additional shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s shares.
Insider Trading at Donaldson
Separately, director Willard D. Oberton sold 7,200 shares of the company in a trade on Thursday, June 2. The shares were sold at an average price of $53.09, for a total transaction of $382,248.00. As a result of the transaction, the administrator now directly owns 23,903 shares of the company, valued at approximately $1,269,010.27. The transaction was disclosed in a document filed with the SEC, accessible via the SEC’s website. Company insiders own 2.52% of the company’s shares.
Donaldson Stock Performance
DCI shares opened at $56.05 on Friday. The company has a debt ratio of 0.54, a quick ratio of 1.41 and a current ratio of 2.25. The stock has a market capitalization of $6.89 billion, a P/E ratio of 22.33, a P/E/G ratio of 1.76 and a beta of 1.26. The company’s fifty-day moving average is $51.03 and its two-hundred-day moving average is $51.59. Donaldson Company, Inc. has a 1 year minimum of $46.00 and a 1 year maximum of $69.35.
Donaldson (NYSE:DCI – Get Rating) last reported quarterly earnings data on Wednesday, June 1. The industrial products company reported earnings per share (EPS) of $0.67 for the quarter, missing the consensus estimate of $0.72 per ($0.05). The company posted revenue of $853.20 million in the quarter, versus analyst estimates of $823.99 million. Donaldson had a net margin of 9.91% and a return on equity of 28.15%. The company’s quarterly revenue increased by 11.5% compared to the same quarter last year. In the same period a year earlier, the company posted earnings per share of $0.66. On average, sell-side analysts expect Donaldson Company, Inc. to post earnings per share of 2.69 for the current year.
Donaldson dividend announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31. Shareholders of record on Tuesday, August 16 will receive a dividend of $0.23 per share. The ex-dividend date is Monday, August 15. This represents a dividend of $0.92 on an annualized basis and a dividend yield of 1.64%. Donaldson’s dividend payout ratio (DPR) is currently 36.65%.
Analyst upgrades and downgrades
Several research companies have recently commented on DCI. StockNews.com downgraded Donaldson shares from a “strong buy” rating to a “buy” rating in a Sunday, June 12 research report. Robert W. Baird cut his price target on Donaldson stock from $65.00 to $61.00 and set an “outperform” rating for the company in a Thursday, June 2 research report. Stifel Nicolaus cut his price target on Donaldson shares from $53.00 to $51.00 in a Monday, July 18 research report. Finally, Morgan Stanley cut its price target on Donaldson shares from $68.00 to $63.00 and set an “overweight” rating for the company in a Monday, July 18 research report.
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Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The Company operates through two segments, Motor Products and Industrial Products. Its Engine Products segment provides replacement filters for air and liquid filtration applications; air filtration systems; liquid filtration systems for fuels, lubricants and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.
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