Russell Investments Group Ltd. Trims Holdings in Donaldson Company, Inc. (NYSE:DCI)

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Russell Investments Group Ltd. trimmed its position in Donaldson Company, Inc. (NYSE:DCI) by 10.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,769 shares of the industrial products company’s stock after selling 3,941 shares during the quarter. Russell Investments Group Ltd.’s holdings in Donaldson were worth $1,665,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in Donaldson during the second quarter valued at approximately $66,000. Dougherty Wealth Advisers LLC boosted its stake in shares of Donaldson by 193.4% in the second quarter. Dougherty Wealth Advisers LLC now owns 1,517 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 1,000 shares during the last quarter. ETF Managers Group LLC boosted its stake in shares of Donaldson by 10.8% in the first quarter. ETF Managers Group LLC now owns 3,203 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 311 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Donaldson by 33.4% in the first quarter. Rockefeller Capital Management L.P. now owns 3,734 shares of the industrial products company’s stock worth $187,000 after acquiring an additional 934 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Donaldson by 97.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,250 shares of the industrial products company’s stock worth $213,000 after acquiring an additional 2,095 shares during the last quarter. Hedge funds and other institutional investors own 80.71% of the company’s stock.

A number of brokerages have recently issued reports on DCI. Zacks Investment Research raised Donaldson from a “sell” rating to a “hold” rating and set a $51.00 price target on the stock in a research note on Monday, May 27th. 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 investment analysts have rated the stock with a hold rating, Donaldson currently has an average rating of “Hold” and an average target price of $52.25.

Shares of NYSE:DCI traded down $0.25 during trading on Friday, reaching $52.16. The stock had a trading volume of 1,540 shares, compared to its average volume of 587,953. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.64 and a current ratio of 2.32. The business has a fifty day moving average price of $49.12 and a 200-day moving average price of $49.92. The stock has a market cap of $6.68 billion, a PE ratio of 23.63, a PEG ratio of 2.14 and a beta of 1.41. Donaldson Company, Inc. has a 1-year low of $40.27 and a 1-year high of $59.43.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Tuesday, August 13th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Monday, August 12th. Donaldson’s dividend payout ratio (DPR) is currently 38.01%.

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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