Northwestern Mutual Wealth Management Co. lowered its position in Donaldson Company, Inc. (NYSE:DCI) by 11.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,117 shares of the industrial products company’s stock after selling 281 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Donaldson were worth $106,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. F3Logic LLC boosted its holdings in Donaldson by 1.9% in the fourth quarter. F3Logic LLC now owns 11,903 shares of the industrial products company’s stock worth $518,000 after acquiring an additional 218 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Donaldson by 7.9% in the fourth quarter. Advisor Group Inc. now owns 3,292 shares of the industrial products company’s stock worth $144,000 after purchasing an additional 241 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Donaldson by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 34,200 shares of the industrial products company’s stock worth $1,712,000 after purchasing an additional 300 shares during the last quarter. ETF Managers Group LLC raised its stake in shares of Donaldson by 10.8% in the first quarter. ETF Managers Group LLC now owns 3,203 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 311 shares during the last quarter. Finally, Mosaic Family Wealth LLC raised its stake in shares of Donaldson by 19.1% in the fourth quarter. Mosaic Family Wealth LLC now owns 2,638 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 423 shares during the last quarter. Institutional investors and hedge funds own 80.07% of the company’s stock.
Shares of Donaldson stock opened at $49.74 on Friday. The company has a market capitalization of $6.29 billion, a PE ratio of 24.87, a P/E/G ratio of 2.06 and a beta of 1.47. Donaldson Company, Inc. has a 52 week low of $40.27 and a 52 week high of $59.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.63 and a quick ratio of 1.82.
Donaldson (NYSE:DCI) last issued its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.04). The company had revenue of $713.00 million during the quarter, compared to analysts’ expectations of $745.05 million. Donaldson had a return on equity of 32.30% and a net margin of 10.96%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. On average, equities research analysts predict that Donaldson Company, Inc. will post 2.21 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, June 12th. This is an increase from Donaldson’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 1.69%. Donaldson’s dividend payout ratio is 42.00%.
Separately, Zacks Investment Research raised Donaldson from a “sell” rating to a “hold” rating and set a $51.00 price objective for the company in a research note on Monday, May 27th. Six analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $53.00.
In other news, Chairman Tod E. Carpenter sold 4,000 shares of the stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $50.02, for a total value of $200,080.00. Following the completion of the sale, the chairman now directly owns 102,037 shares of the company’s stock, valued at $5,103,890.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Willard D. Oberton sold 14,400 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $49.10, for a total value of $707,040.00. Following the completion of the sale, the director now directly owns 33,172 shares of the company’s stock, valued at $1,628,745.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,800 shares of company stock valued at $1,596,592. Company insiders own 1.35% of the company’s stock.
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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