Hills Bank & Trust Co. lowered its stake in Donaldson Company, Inc. (NYSE:DCI) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,703 shares of the industrial products company’s stock after selling 414 shares during the quarter. Hills Bank & Trust Co.’s holdings in Donaldson were worth $2,068,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of DCI. GYL Financial Synergies LLC purchased a new position in shares of Donaldson during the first quarter valued at approximately $224,000. WINTON GROUP Ltd purchased a new position in shares of Donaldson during the second quarter valued at approximately $7,823,000. AdvisorNet Financial Inc increased its stake in shares of Donaldson by 5.2% during the second quarter. AdvisorNet Financial Inc now owns 32,633 shares of the industrial products company’s stock valued at $1,660,000 after buying an additional 1,611 shares during the period. Autus Asset Management LLC increased its stake in shares of Donaldson by 1.2% during the second quarter. Autus Asset Management LLC now owns 213,685 shares of the industrial products company’s stock valued at $10,868,000 after buying an additional 2,443 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Donaldson by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 51,837 shares of the industrial products company’s stock valued at $2,636,000 after buying an additional 731 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.
DCI has been the topic of several research analyst reports. Stifel Nicolaus set a $50.00 target price on Donaldson and gave the company a “hold” rating in a research note on Friday, September 6th. ValuEngine upgraded Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $52.25.
Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, September 5th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $726.90 million for the quarter, compared to the consensus estimate of $725.32 million. Donaldson had a return on equity of 32.29% and a net margin of 9.39%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share. Equities research analysts anticipate that Donaldson Company, Inc. will post 2.28 EPS for the current year.
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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