Ossiam acquired a new position in shares of Donaldson Company, Inc. (NYSE:DCI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,957 shares of the industrial products company’s stock, valued at approximately $150,000.

Other hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in shares of Donaldson in the 2nd quarter valued at about $66,000. Dougherty Wealth Advisers LLC boosted its stake in Donaldson by 193.4% during the 2nd quarter. Dougherty Wealth Advisers LLC now owns 1,517 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 1,000 shares during the period. ETF Managers Group LLC boosted its stake in Donaldson by 10.8% during the 1st quarter. ETF Managers Group LLC now owns 3,203 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 311 shares during the period. Rockefeller Capital Management L.P. boosted its stake in Donaldson by 33.4% during the 1st quarter. Rockefeller Capital Management L.P. now owns 3,734 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 934 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in Donaldson by 97.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,250 shares of the industrial products company’s stock valued at $213,000 after purchasing an additional 2,095 shares during the period. 80.76% of the stock is owned by institutional investors.

DCI has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Donaldson from a “sell” rating to a “hold” rating and set a $51.00 target price for the company in a research note on Monday, May 27th. Stifel Nicolaus set a $50.00 target price on shares of Donaldson and gave the company a “hold” rating in a research note on Friday, September 6th. Six investment analysts have rated the stock with a hold rating, Donaldson currently has an average rating of “Hold” and a consensus price target of $52.25.

Donaldson stock traded up $0.74 during midday trading on Friday, reaching $52.93. 179,876 shares of the stock traded hands, compared to its average volume of 550,507. The company has a current ratio of 2.32, a quick ratio of 1.64 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average price of $48.69 and a two-hundred day moving average price of $49.90. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 2.06 and a beta of 1.41. Donaldson Company, Inc. has a fifty-two week low of $40.27 and a fifty-two week high of $59.43.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, September 5th. The industrial products company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Donaldson had a net margin of 9.39% and a return on equity of 32.29%. The company had revenue of $726.90 million for the quarter, compared to the consensus estimate of $725.32 million. During the same period in the previous year, the firm earned $0.58 EPS. Donaldson’s revenue was up .3% on a year-over-year basis. Analysts anticipate that Donaldson Company, Inc. will post 2.29 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.59%. Donaldson’s dividend payout ratio (DPR) is 38.01%.

About Donaldson

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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