Blair William & Co. IL raised its stake in Donaldson Company, Inc. (NYSE:DCI) by 3.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,116 shares of the industrial products company’s stock after buying an additional 830 shares during the period. Blair William & Co. IL’s holdings in Donaldson were worth $1,098,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Donaldson by 8.3% in the first quarter. Vanguard Group Inc. now owns 12,152,840 shares of the industrial products company’s stock valued at $553,197,000 after buying an additional 930,432 shares during the last quarter. BlackRock Inc. boosted its position in Donaldson by 5,553.3% in the first quarter. BlackRock Inc. now owns 10,390,356 shares of the industrial products company’s stock valued at $472,970,000 after buying an additional 10,206,564 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Donaldson by 25.9% in the first quarter. Bank of New York Mellon Corp now owns 2,411,896 shares of the industrial products company’s stock valued at $109,787,000 after buying an additional 496,064 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Donaldson by 3.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,811,182 shares of the industrial products company’s stock valued at $82,445,000 after buying an additional 55,228 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in Donaldson by 0.7% in the first quarter. UBS Asset Management Americas Inc. now owns 1,399,040 shares of the industrial products company’s stock valued at $63,684,000 after buying an additional 9,598 shares during the last quarter. Hedge funds and other institutional investors own 77.91% of the company’s stock.

Shares of Donaldson Company, Inc. (NYSE:DCI) opened at 46.52 on Wednesday. Donaldson Company, Inc. has a 12-month low of $35.59 and a 12-month high of $48.91. The firm has a 50-day moving average price of $46.86 and a 200 day moving average price of $45.68. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 27.69 and a beta of 1.22.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, June 1st. The industrial products company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The firm had revenue of $608.20 million for the quarter, compared to analyst estimates of $580.44 million. Donaldson had a return on equity of 28.12% and a net margin of 9.72%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $0.43 EPS. On average, equities research analysts anticipate 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. Stockholders of record on Tuesday, August 15th will be paid a $0.18 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.55%. This is an increase from Donaldson’s previous quarterly dividend of $0.18. Donaldson’s dividend payout ratio is 43.11%.

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DCI has been the subject of several research analyst reports. Jefferies Group LLC upgraded Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Wednesday, May 31st. Zacks Investment Research lowered Donaldson from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. BidaskClub raised Donaldson from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Donaldson in a report on Thursday, June 1st. Finally, Stifel Nicolaus set a $48.00 target price on Donaldson and gave the company a “hold” rating in a report on Friday, August 18th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $48.25.

In other news, Director John Wiehoff sold 14,400 shares of the stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $46.33, for a total value of $667,152.00. Following the transaction, the director now owns 59,001 shares of the company’s stock, valued at approximately $2,733,516.33. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.88% of the company’s stock.

About Donaldson

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.

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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