Conestoga Capital Advisors LLC reduced its stake in Donaldson Company, Inc. (NYSE:DCI) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,876 shares of the industrial products company’s stock after selling 125 shares during the period. Conestoga Capital Advisors LLC’s holdings in Donaldson were worth $905,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mosaic Family Wealth LLC raised its position in Donaldson by 3.0% in the first quarter. Mosaic Family Wealth LLC now owns 4,215 shares of the industrial products company’s stock valued at $192,000 after buying an additional 123 shares during the last quarter. First Merchants Corp raised its position in Donaldson by 0.4% in the first quarter. First Merchants Corp now owns 33,321 shares of the industrial products company’s stock valued at $1,517,000 after buying an additional 125 shares during the last quarter. Liberty Mutual Group Asset Management Inc. raised its position in Donaldson by 0.3% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 59,312 shares of the industrial products company’s stock valued at $2,700,000 after buying an additional 190 shares during the last quarter. Creative Planning raised its position in Donaldson by 0.3% in the second quarter. Creative Planning now owns 75,924 shares of the industrial products company’s stock valued at $3,458,000 after buying an additional 193 shares during the last quarter. Finally, Dynamic Advisors Solutions LLC raised its position in Donaldson by 1.4% in the second quarter. Dynamic Advisors Solutions LLC now owns 14,205 shares of the industrial products company’s stock valued at $647,000 after buying an additional 200 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.
Shares of Donaldson Company, Inc. (NYSE:DCI) traded up 0.13% on Friday, reaching $46.35. The company had a trading volume of 333,855 shares. The company has a market capitalization of $6.08 billion, a P/E ratio of 27.59 and a beta of 1.22. Donaldson Company, Inc. has a 52 week low of $35.59 and a 52 week high of $48.91. The company has a 50 day moving average of $46.71 and a 200-day moving average of $45.51.
Donaldson (NYSE:DCI) last posted its earnings results on Thursday, June 1st. The industrial products company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. Donaldson had a return on equity of 28.12% and a net margin of 9.72%. The business had revenue of $608.20 million for the quarter, compared to analysts’ expectations of $580.44 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. Analysts predict that Donaldson Company, Inc. will post ($0.38) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, August 11th. This is a boost from Donaldson’s previous quarterly dividend of $0.18. Donaldson’s payout ratio is 43.11%.
Several brokerages recently issued reports on DCI. Stifel Nicolaus set a $48.00 target price on Donaldson and gave the company a “hold” rating in a research report on Friday. BidaskClub lowered Donaldson from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research raised Donaldson from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Friday, May 12th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Donaldson in a research report on Thursday, June 1st. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $48.25.
In related news, Director Michael J. Hoffman sold 14,400 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $46.84, for a total value of $674,496.00. Following the transaction, the director now owns 41,473 shares in the company, valued at approximately $1,942,595.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.88% of the company’s stock.
Donaldson Company Profile
Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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