Homrich & Berg lessened its stake in Donaldson Company, Inc. (NYSE:DCI) by 15.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,583 shares of the industrial products company’s stock after selling 1,417 shares during the period. Homrich & Berg’s holdings in Donaldson were worth $386,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Donaldson by 1.7% during the 1st quarter. BlackRock Inc. now owns 11,562,764 shares of the industrial products company’s stock valued at $578,833,000 after acquiring an additional 195,344 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Donaldson by 7.2% during the 2nd quarter. Janus Henderson Group PLC now owns 4,420,603 shares of the industrial products company’s stock valued at $224,832,000 after acquiring an additional 296,782 shares during the last quarter. BTIM Corp. raised its position in shares of Donaldson by 1.6% during the 2nd quarter. BTIM Corp. now owns 1,963,235 shares of the industrial products company’s stock valued at $99,850,000 after acquiring an additional 30,536 shares during the last quarter. Pictet Asset Management Ltd. raised its position in shares of Donaldson by 104.4% during the 1st quarter. Pictet Asset Management Ltd. now owns 1,627,516 shares of the industrial products company’s stock valued at $81,473,000 after acquiring an additional 831,322 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Donaldson by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 1,309,517 shares of the industrial products company’s stock valued at $56,819,000 after acquiring an additional 80,514 shares during the last quarter. Hedge funds and other institutional investors own 80.61% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Donaldson from a “sell” rating to a “hold” rating and set a $51.00 price objective for the company in a research report on Monday, May 27th. Six research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $53.00.

Shares of DCI traded down $0.99 during trading hours on Friday, reaching $47.11. The stock had a trading volume of 2,399 shares, compared to its average volume of 441,411. The company has a quick ratio of 1.82, a current ratio of 2.63 and a debt-to-equity ratio of 0.68. Donaldson Company, Inc. has a 52 week low of $40.27 and a 52 week high of $59.43. The firm has a 50-day moving average of $48.93 and a 200 day moving average of $49.99. The company has a market cap of $6.24 billion, a P/E ratio of 23.58, a P/E/G ratio of 1.88 and a beta of 1.43.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.04). Donaldson had a net margin of 10.96% and a return on equity of 32.30%. The firm had revenue of $713.00 million during the quarter, compared to the consensus estimate of $745.05 million. During the same quarter in the prior year, the company earned $0.53 EPS. Donaldson’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities analysts expect that Donaldson Company, Inc. will post 2.21 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Tuesday, August 13th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Monday, August 12th. Donaldson’s dividend payout ratio is currently 42.00%.

In related news, Director John Wiehoff sold 14,400 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $47.88, for a total value of $689,472.00. Following the completion of the transaction, the director now directly owns 66,860 shares of the company’s stock, valued at approximately $3,201,256.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.35% of the stock is currently owned by corporate insiders.

Donaldson Company 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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