Public Employees Retirement System of Ohio trimmed its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 10.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,936 shares of the industrial products company’s stock after selling 6,499 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Donaldson were worth $2,593,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Alps Advisors Inc. boosted its stake in Donaldson by 0.3% during the second quarter. Alps Advisors Inc. now owns 10,756 shares of the industrial products company’s stock worth $490,000 after buying an additional 28 shares during the period. 1st Global Advisors Inc. boosted its stake in Donaldson by 0.6% during the second quarter. 1st Global Advisors Inc. now owns 8,256 shares of the industrial products company’s stock worth $376,000 after buying an additional 48 shares during the period. Cadence Capital Management LLC boosted its stake in Donaldson by 0.4% during the second quarter. Cadence Capital Management LLC now owns 30,506 shares of the industrial products company’s stock worth $1,389,000 after buying an additional 123 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in Donaldson by 0.5% during the second quarter. Public Employees Retirement Association of Colorado now owns 26,524 shares of the industrial products company’s stock worth $1,208,000 after buying an additional 137 shares during the period. Finally, Creative Planning boosted its stake in Donaldson by 0.3% during the second quarter. Creative Planning now owns 75,924 shares of the industrial products company’s stock worth $3,458,000 after buying an additional 193 shares during the period. 78.17% of the stock is owned by institutional investors.

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Several research analysts have commented on the stock. BidaskClub lowered shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $46.00 price objective on shares of Donaldson in a research note on Friday, October 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price objective (down from $48.00) on shares of Donaldson in a research note on Friday, September 8th. Zacks Investment Research lowered shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $54.00 price objective on shares of Donaldson in a research note on Tuesday, October 3rd. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.00.

Shares of Donaldson Company, Inc. (NYSE DCI) opened at 47.21 on Wednesday. Donaldson Company, Inc. has a 52 week low of $35.85 and a 52 week high of $48.91. The stock’s 50 day moving average is $46.26 and its 200-day moving average is $46.35. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 27.13 and a beta of 1.22.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). The business had revenue of $660.10 million for the quarter, compared to analysts’ expectations of $634.41 million. Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 earnings per share. On average, analysts anticipate that Donaldson Company, Inc. will post ($0.38) earnings per share for the current fiscal year.

Donaldson 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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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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