Legal & General Group Plc lowered its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 6.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,957 shares of the industrial products company’s stock after selling 10,650 shares during the quarter. Legal & General Group Plc’s holdings in Donaldson were worth $7,533,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rockefeller Capital Management L.P. acquired a new stake in shares of Donaldson during the first quarter worth about $149,000. Ledyard National Bank grew its holdings in shares of Donaldson by 39.0% during the second quarter. Ledyard National Bank now owns 4,313 shares of the industrial products company’s stock worth $195,000 after buying an additional 1,210 shares in the last quarter. CIBC Asset Management Inc bought a new position in shares of Donaldson during the second quarter worth about $210,000. Wedbush Securities Inc. bought a new position in shares of Donaldson during the second quarter worth about $212,000. Finally, Institutional & Family Asset Management LLC bought a new position in shares of Donaldson during the first quarter worth about $324,000. 80.18% of the stock is currently owned by institutional investors.

NYSE:DCI opened at $58.78 on Tuesday. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.58. The stock has a market cap of $7.61 billion, a P/E ratio of 29.52, a PEG ratio of 2.16 and a beta of 1.22. Donaldson Company, Inc. has a 52-week low of $43.35 and a 52-week high of $59.22.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, September 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.58. The business had revenue of $724.70 million during the quarter, compared to the consensus estimate of $727.79 million. Donaldson had a return on equity of 31.09% and a net margin of 6.59%. Donaldson’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. research analysts predict that Donaldson Company, Inc. will post 2.37 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 30th. Shareholders of record on Tuesday, August 14th were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, August 13th. This represents a $0.76 dividend on an annualized basis and a yield of 1.29%. Donaldson’s dividend payout ratio is 38.00%.

A number of research analysts recently issued reports on the company. Stifel Nicolaus increased their price objective on Donaldson from $54.00 to $60.00 and gave the stock a “hold” rating in a report on Friday. Zacks Investment Research upgraded Donaldson from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Monday, September 10th. ValuEngine upgraded Donaldson from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Oppenheimer reiterated a “hold” rating on shares of Donaldson in a report on Thursday, September 6th. Finally, TheStreet upgraded Donaldson from a “c+” rating to a “b+” rating in a report on Thursday, May 31st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $56.75.

In other Donaldson news, Director Willard D. Oberton sold 14,400 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $56.85, for a total value of $818,640.00. Following the completion of the transaction, the director now directly owns 30,451 shares in the company, valued at $1,731,139.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Richard Brent Lewis sold 3,209 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $58.99, for a total value of $189,298.91. Following the completion of the transaction, the vice president now owns 4,000 shares of the company’s stock, valued at $235,960. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,009 shares of company stock valued at $1,651,619. Corporate insiders own 1.09% of the company’s stock.

Donaldson Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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