Macquarie Group Ltd. Raises Holdings in Donaldson (DCI)

Macquarie Group Ltd. increased its holdings in Donaldson (NYSE:DCI) by 450.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,958 shares of the industrial products company’s stock after acquiring an additional 4,058 shares during the quarter. Macquarie Group Ltd.’s holdings in Donaldson were worth $243,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Somerville Kurt F acquired a new position in shares of Donaldson in the fourth quarter worth about $472,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Donaldson by 44.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,794 shares of the industrial products company’s stock valued at $333,000 after buying an additional 2,102 shares in the last quarter. California Public Employees Retirement System raised its stake in Donaldson by 4.0% during the fourth quarter. California Public Employees Retirement System now owns 319,328 shares of the industrial products company’s stock valued at $15,631,000 after buying an additional 12,155 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Donaldson by 7.5% during the third quarter. Dimensional Fund Advisors LP now owns 877,588 shares of the industrial products company’s stock valued at $40,317,000 after buying an additional 61,371 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Donaldson by 394.0% during the third quarter. JPMorgan Chase & Co. now owns 158,182 shares of the industrial products company’s stock valued at $7,278,000 after buying an additional 126,161 shares in the last quarter. Institutional investors and hedge funds own 79.50% of the company’s stock.

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Shares of DCI stock opened at $45.55 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.94 and a quick ratio of 2.15. The company has a market capitalization of $5,917.29, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 2.07 and a beta of 1.14. Donaldson has a 12-month low of $42.59 and a 12-month high of $52.20.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Tuesday, March 6th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The firm had revenue of $664.70 million for the quarter, compared to the consensus estimate of $630.53 million. Donaldson had a net margin of 5.29% and a return on equity of 29.25%. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 earnings per share. equities research analysts forecast that Donaldson will post 1.98 EPS for the current fiscal year.

Several analysts have issued reports on DCI shares. Edward Jones upgraded Donaldson from a “hold” rating to a “buy” rating in a research note on Wednesday, March 28th. Zacks Investment Research upgraded Donaldson from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Friday, February 2nd. Gabelli upgraded Donaldson from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 7th. They noted that the move was a valuation call. TheStreet cut Donaldson from an “a-” rating to a “c+” rating in a research report on Tuesday, March 6th. Finally, Stifel Nicolaus dropped their price target on Donaldson from $53.00 to $51.00 and set a “hold” rating on the stock in a research report on Wednesday, March 7th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Donaldson presently has an average rating of “Hold” and an average target price of $51.00.

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About Donaldson

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.

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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