Steward Partners Investment Advisory LLC Has $97,000 Holdings in Donaldson Company, Inc. (NYSE:DCI)

Steward Partners Investment Advisory LLC lessened its stake in shares of Donaldson Company, Inc. (NYSE:DCIGet Rating) by 37.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,868 shares of the industrial products company’s stock after selling 1,116 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Donaldson were worth $97,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. SG Americas Securities LLC increased its holdings in shares of Donaldson by 61.9% in the 1st quarter. SG Americas Securities LLC now owns 36,940 shares of the industrial products company’s stock valued at $1,918,000 after purchasing an additional 14,126 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of Donaldson by 38.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 35,884 shares of the industrial products company’s stock valued at $1,901,000 after purchasing an additional 10,019 shares during the period. Comerica Bank increased its holdings in shares of Donaldson by 2.1% in the 1st quarter. Comerica Bank now owns 59,292 shares of the industrial products company’s stock valued at $3,119,000 after purchasing an additional 1,209 shares during the period. Mcdaniel Terry & Co. increased its holdings in shares of Donaldson by 0.4% in the 1st quarter. Mcdaniel Terry & Co. now owns 508,784 shares of the industrial products company’s stock valued at $26,421,000 after purchasing an additional 1,871 shares during the period. Finally, Avantax Advisory Services Inc. increased its holdings in shares of Donaldson by 9.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,650 shares of the industrial products company’s stock valued at $242,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 76.84% of the company’s stock.

Donaldson Stock Down 0.7 %

Shares of Donaldson stock opened at $54.57 on Wednesday. The stock has a market capitalization of $6.71 billion, a P/E ratio of 21.74, a PEG ratio of 1.92 and a beta of 1.26. The company has a quick ratio of 1.41, a current ratio of 2.25 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average price of $50.14 and a two-hundred day moving average price of $51.62. Donaldson Company, Inc. has a 12-month low of $46.00 and a 12-month high of $69.35.

Donaldson (NYSE:DCIGet Rating) last announced its earnings results on Wednesday, June 1st. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.05). The company had revenue of $853.20 million for the quarter, compared to the consensus estimate of $823.99 million. Donaldson had a return on equity of 28.15% and a net margin of 9.91%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 EPS. Equities analysts expect that Donaldson Company, Inc. will post 2.69 earnings per share for the current year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 16th will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, August 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.69%. Donaldson’s dividend payout ratio (DPR) is presently 36.65%.

Insider Activity at Donaldson

In related news, Director Willard D. Oberton sold 7,200 shares of the company’s stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $53.09, for a total value of $382,248.00. Following the completion of the transaction, the director now directly owns 23,903 shares in the company, valued at $1,269,010.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.52% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DCI shares. Morgan Stanley dropped their target price on Donaldson from $68.00 to $63.00 and set an “overweight” rating on the stock in a report on Monday, July 18th. Stifel Nicolaus lowered their price target on Donaldson from $53.00 to $51.00 in a research note on Monday, July 18th. Robert W. Baird lowered their price target on Donaldson from $65.00 to $61.00 and set an “outperform” rating for the company in a research note on Thursday, June 2nd. Finally, StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 12th.

Donaldson Company Profile

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Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through two segments, Engine Products and Industrial Products. Its Engine Products segment provides replacement filters for air and liquid filtration applications; air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.

See Also

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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