Hsbc Holdings PLC Boosts Stake in Donaldson Company, Inc. (DCI)

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Hsbc Holdings PLC grew its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 16.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,456 shares of the industrial products company’s stock after purchasing an additional 1,929 shares during the period. Hsbc Holdings PLC’s holdings in Donaldson were worth $784,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Ledyard National Bank boosted its position in shares of Donaldson by 23.6% during the 3rd quarter. Ledyard National Bank now owns 5,333 shares of the industrial products company’s stock valued at $311,000 after purchasing an additional 1,020 shares in the last quarter. Stone Ridge Asset Management LLC boosted its position in shares of Donaldson by 3.6% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 33,256 shares of the industrial products company’s stock valued at $1,937,000 after purchasing an additional 1,164 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Donaldson by 1.6% during the 3rd quarter. Arizona State Retirement System now owns 91,581 shares of the industrial products company’s stock valued at $5,336,000 after purchasing an additional 1,413 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Donaldson by 2.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 51,016 shares of the industrial products company’s stock valued at $2,302,000 after purchasing an additional 1,461 shares in the last quarter. Finally, Stephens Inc. AR boosted its position in shares of Donaldson by 2.2% during the 2nd quarter. Stephens Inc. AR now owns 71,361 shares of the industrial products company’s stock valued at $3,220,000 after purchasing an additional 1,526 shares in the last quarter. Institutional investors own 81.59% of the company’s stock.

Several equities analysts have recently weighed in on DCI shares. Zacks Investment Research upgraded shares of Donaldson from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Monday, September 10th. ValuEngine upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Stifel Nicolaus reiterated a “hold” rating and issued a $54.00 target price (up from $46.00) on shares of Donaldson in a report on Thursday, September 6th. Oppenheimer reiterated a “hold” rating on shares of Donaldson in a report on Thursday, September 6th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $56.00 target price on shares of Donaldson in a report on Thursday, December 6th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $56.33.

Shares of DCI opened at $44.96 on Wednesday. Donaldson Company, Inc. has a one year low of $43.35 and a one year high of $59.43. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.63 and a beta of 1.25. The company has a quick ratio of 1.66, a current ratio of 2.40 and a debt-to-equity ratio of 0.74.

Donaldson (NYSE:DCI) last announced its earnings results on Tuesday, December 4th. The industrial products company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.01). Donaldson had a return on equity of 32.75% and a net margin of 6.92%. The firm had revenue of $701.40 million during the quarter, compared to analyst estimates of $700.98 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, analysts anticipate that Donaldson Company, Inc. will post 2.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Tuesday, December 11th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Monday, December 10th. Donaldson’s payout ratio is 38.00%.

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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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