Donaldson Company, Inc. (DCI) Holdings Reduced by BlueMountain Capital Management LLC

BlueMountain Capital Management LLC cut its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 42.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,207 shares of the industrial products company’s stock after selling 6,817 shares during the quarter. BlueMountain Capital Management LLC’s holdings in Donaldson were worth $419,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of DCI. Schroder Investment Management Group bought a new stake in Donaldson during the first quarter valued at about $154,000. Northwestern Mutual Wealth Management Co. raised its holdings in Donaldson by 5.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock valued at $192,000 after acquiring an additional 217 shares during the period. Mckinley Capital Management LLC Delaware bought a new stake in Donaldson during the first quarter valued at about $202,000. Mosaic Family Wealth LLC raised its holdings in Donaldson by 5.1% during the second quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock valued at $202,000 after acquiring an additional 213 shares during the period. Finally, Airain ltd bought a new stake in Donaldson during the first quarter valued at about $209,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities research analysts have commented on DCI shares. BidaskClub cut Donaldson from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Jefferies Group LLC raised Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Wednesday, May 31st. Zacks Investment Research raised Donaldson from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Wednesday, May 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $48.00 target price (up from $45.00) on shares of Donaldson in a report on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Donaldson in a report on Thursday, June 1st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $49.50.

Shares of Donaldson Company, Inc. (DCI) opened at 45.43 on Friday. Donaldson Company, Inc. has a one year low of $35.85 and a one year high of $48.91. The stock has a 50 day moving average price of $46.22 and a 200 day moving average price of $46.01. The company has a market capitalization of $5.98 billion, a PE ratio of 26.11 and a beta of 1.21.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were paid a $0.18 dividend. The ex-dividend date was Friday, August 11th. This is a positive change from Donaldson’s previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a yield of 1.58%. Donaldson’s dividend payout ratio (DPR) is currently 41.38%.

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.

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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