Jupiter Asset Management Ltd. Has $14.46 Million Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Jupiter Asset Management Ltd. cut its holdings in Donaldson Company, Inc. (NYSE:DCI) by 35.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 193,678 shares of the industrial products company’s stock after selling 108,330 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.16% of Donaldson worth $14,464,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Fortitude Family Office LLC acquired a new position in shares of Donaldson in the 4th quarter valued at approximately $27,000. Park Place Capital Corp bought a new stake in Donaldson in the 1st quarter valued at approximately $27,000. Lindbrook Capital LLC lifted its stake in Donaldson by 58.2% in the 4th quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 174 shares in the last quarter. YHB Investment Advisors Inc. bought a new stake in Donaldson in the 1st quarter valued at approximately $32,000. Finally, Global Retirement Partners LLC lifted its stake in Donaldson by 1,252.6% in the 1st quarter. Global Retirement Partners LLC now owns 514 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 476 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Performance

Shares of DCI stock traded down $0.76 on Friday, reaching $72.56. The stock had a trading volume of 359,953 shares, compared to its average volume of 486,168. Donaldson Company, Inc. has a 12 month low of $57.05 and a 12 month high of $78.03. The company has a quick ratio of 1.30, a current ratio of 1.91 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 22.46, a P/E/G ratio of 2.05 and a beta of 1.05. The firm’s 50-day moving average is $72.86 and its two-hundred day moving average is $70.87.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.08. Donaldson had a return on equity of 29.00% and a net margin of 11.22%. The firm had revenue of $927.90 million for the quarter, compared to analyst estimates of $915.84 million. During the same quarter in the prior year, the company earned $0.76 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts expect that Donaldson Company, Inc. will post 3.37 EPS for the current fiscal year.

Donaldson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, June 17th. This is a positive change from Donaldson’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.49%. Donaldson’s payout ratio is presently 33.44%.

Insider Buying and Selling

In related news, CFO Scott J. Robinson sold 37,600 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the transaction, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at approximately $2,675,710.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DCI has been the topic of several analyst reports. Robert W. Baird cut their price target on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Raymond James started coverage on Donaldson in a report on Friday, June 28th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $67.67.

Donaldson Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.