AdvisorNet Financial Inc Sells 41,743 Shares of Donaldson Company, Inc. (NYSE:DCI)

AdvisorNet Financial Inc lessened its holdings in Donaldson Company, Inc. (NYSE:DCIGet Rating) by 96.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,400 shares of the industrial products company’s stock after selling 41,743 shares during the period. AdvisorNet Financial Inc’s holdings in Donaldson were worth $67,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of DCI. White Pine Capital LLC grew its holdings in shares of Donaldson by 1.1% in the 1st quarter. White Pine Capital LLC now owns 27,551 shares of the industrial products company’s stock worth $1,431,000 after purchasing an additional 290 shares during the last quarter. Federated Hermes Inc. lifted its position in Donaldson by 1.4% during the 1st quarter. Federated Hermes Inc. now owns 21,582 shares of the industrial products company’s stock worth $1,121,000 after buying an additional 293 shares in the last quarter. ICW Investment Advisors LLC lifted its position in Donaldson by 1.6% during the 1st quarter. ICW Investment Advisors LLC now owns 19,102 shares of the industrial products company’s stock worth $992,000 after buying an additional 302 shares in the last quarter. Profund Advisors LLC lifted its position in Donaldson by 5.5% during the 1st quarter. Profund Advisors LLC now owns 6,539 shares of the industrial products company’s stock worth $340,000 after buying an additional 343 shares in the last quarter. Finally, Blair William & Co. IL lifted its position in Donaldson by 2.1% during the 4th quarter. Blair William & Co. IL now owns 17,317 shares of the industrial products company’s stock worth $1,026,000 after buying an additional 352 shares in the last quarter. Institutional investors own 80.20% of the company’s stock.

Donaldson Stock Performance

Shares of DCI stock opened at $50.89 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.23 and a quick ratio of 1.44. The stock has a market cap of $6.25 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 1.64 and a beta of 1.25. The stock has a 50-day moving average of $53.14 and a 200-day moving average of $51.42. Donaldson Company, Inc. has a one year low of $46.00 and a one year high of $63.15.

Donaldson (NYSE:DCIGet Rating) last announced its quarterly earnings results on Wednesday, August 31st. The industrial products company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. Donaldson had a return on equity of 29.89% and a net margin of 10.07%. The company had revenue of $890.00 million during the quarter, compared to analysts’ expectations of $879.61 million. During the same period in the prior year, the business posted $0.66 EPS. Donaldson’s revenue was up 15.1% on a year-over-year basis. As a group, sell-side analysts expect that Donaldson Company, Inc. will post 3 earnings per share for the current year.

Donaldson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Tuesday, August 16th were paid a dividend of $0.23 per share. The ex-dividend date was Monday, August 15th. This represents a $0.92 dividend on an annualized basis and a yield of 1.81%. Donaldson’s payout ratio is 34.59%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DCI shares. Robert W. Baird cut their target price on shares of Donaldson from $61.00 to $59.00 and set an “outperform” rating on the stock in a research report on Thursday, September 1st. Morgan Stanley cut their target price on shares of Donaldson from $68.00 to $63.00 and set an “overweight” rating on the stock in a research report on Monday, July 18th. StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 12th. Finally, Stifel Nicolaus cut their target price on shares of Donaldson from $53.00 to $51.00 in a research report on Monday, July 18th.

About Donaldson

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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.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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