Foster Dykema Cabot & Co. Inc. MA Maintains Position in Donaldson Company, Inc. (DCI)

Foster Dykema Cabot & Co. Inc. MA continued to hold its stake in Donaldson Company, Inc. (NYSE:DCI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,000 shares of the industrial products company’s stock at the end of the second quarter. Foster Dykema Cabot & Co. Inc. MA’s holdings in Donaldson were worth $273,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Mosaic Family Wealth LLC raised its stake in Donaldson by 3.0% in the first quarter. Mosaic Family Wealth LLC now owns 4,215 shares of the industrial products company’s stock valued at $192,000 after buying an additional 123 shares during the last quarter. First Merchants Corp raised its stake in Donaldson by 0.4% in the first quarter. First Merchants Corp now owns 33,321 shares of the industrial products company’s stock valued at $1,517,000 after buying an additional 125 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in Donaldson by 0.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 26,524 shares of the industrial products company’s stock valued at $1,208,000 after buying an additional 137 shares during the last quarter. Liberty Mutual Group Asset Management Inc. raised its stake in Donaldson by 0.3% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 59,312 shares of the industrial products company’s stock valued at $2,700,000 after buying an additional 190 shares during the last quarter. Finally, Creative Planning raised its stake in Donaldson by 0.3% in the second quarter. Creative Planning now owns 75,924 shares of the industrial products company’s stock valued at $3,458,000 after buying an additional 193 shares during the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Shares of Donaldson Company, Inc. (NYSE:DCI) opened at 46.49 on Friday. The company’s 50 day moving average price is $46.50 and its 200-day moving average price is $45.37. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 27.67 and a beta of 1.22. Donaldson Company, Inc. has a 52 week low of $35.59 and a 52 week high of $48.91.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Thursday, June 1st. The industrial products company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Donaldson had a return on equity of 28.12% and a net margin of 9.72%. The firm had revenue of $608.20 million for the quarter, compared to analysts’ expectations of $580.44 million. During the same period in the prior year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts anticipate that Donaldson Company, Inc. will post ($0.38) earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, August 11th. This is a boost from Donaldson’s previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a yield of 1.55%. Donaldson’s dividend payout ratio is currently 41.92%.

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Several research firms have recently issued reports on DCI. Zacks Investment Research lowered Donaldson from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub lowered Donaldson from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $48.00 price objective (up from $45.00) on shares of Donaldson in a research note on Friday, June 2nd. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Donaldson in a research note on Thursday, June 1st. Finally, Jefferies Group LLC raised Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Wednesday, May 31st. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Donaldson currently has a consensus rating of “Hold” and a consensus target price of $48.25.

In related news, Director John Wiehoff sold 14,400 shares of the company’s stock in a transaction that occurred 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 directly owns 59,001 shares in the company, valued at $2,733,516.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.88% of the company’s stock.

Donaldson Company 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.

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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