Russell Investments Group Ltd. Increases Stake in Donaldson Company, Inc. (DCI)

Russell Investments Group Ltd. boosted its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 7.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,423 shares of the industrial products company’s stock after acquiring an additional 3,780 shares during the quarter. Russell Investments Group Ltd.’s holdings in Donaldson were worth $2,593,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DCI. Alps Advisors Inc. increased its position in Donaldson by 0.3% during the second quarter. Alps Advisors Inc. now owns 10,756 shares of the industrial products company’s stock worth $490,000 after buying an additional 28 shares during the period. 1st Global Advisors Inc. increased its position in Donaldson by 0.6% during the second quarter. 1st Global Advisors Inc. now owns 8,256 shares of the industrial products company’s stock worth $376,000 after buying an additional 48 shares during the period. Cadence Capital Management LLC increased its position in Donaldson by 0.4% during the second quarter. Cadence Capital Management LLC now owns 30,506 shares of the industrial products company’s stock worth $1,389,000 after buying an additional 123 shares during the period. Mosaic Family Wealth LLC increased its position 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 worth $202,000 after buying an additional 213 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position 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 worth $192,000 after buying an additional 217 shares during the period. 77.63% of the stock is currently owned by institutional investors.

In related news, insider Melissa A. Osland sold 1,453 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $48.26, for a total value of $70,121.78. Following the completion of the transaction, the insider now owns 4,174 shares of the company’s stock, valued at $201,437.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.09% of the company’s stock.

DCI has been the topic of several analyst reports. Zacks Investment Research upgraded Donaldson from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Jefferies Group restated a “buy” rating and issued a $54.00 price target on shares of Donaldson in a research note on Tuesday, October 3rd. Oppenheimer reiterated a “hold” rating on shares of Donaldson in a research report on Monday, December 18th. Stifel Nicolaus reiterated a “hold” rating on shares of Donaldson in a research report on Thursday, October 19th. Finally, SunTrust Banks reiterated a “hold” rating and set a $50.00 target price on shares of Donaldson in a research report on Friday, December 1st. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Donaldson presently has an average rating of “Hold” and a consensus target price of $50.60.

Donaldson Company, Inc. (DCI) traded up $0.96 during trading on Thursday, reaching $50.43. The company had a trading volume of 541,100 shares, compared to its average volume of 456,843. The firm has a market capitalization of $6,430.00, a price-to-earnings ratio of 28.49, a P/E/G ratio of 2.25 and a beta of 1.20. Donaldson Company, Inc. has a 52-week low of $41.46 and a 52-week high of $50.45. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.90 and a quick ratio of 2.13.

Donaldson (NYSE:DCI) last issued its earnings results on Thursday, November 30th. The industrial products company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. Donaldson had a return on equity of 28.49% and a net margin of 9.57%. The company had revenue of $644.80 million during the quarter, compared to the consensus estimate of $602.02 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The company’s revenue was up 16.6% compared to the same quarter last year. equities research analysts forecast that Donaldson Company, Inc. will post 1.99 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Wednesday, December 6th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Tuesday, December 5th. Donaldson’s dividend payout ratio is currently 40.68%.

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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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