Raymond James Financial Services Advisors Inc. lessened its stake in Donaldson Company, Inc. (NYSE:DCI) by 11.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,390 shares of the industrial products company’s stock after selling 2,022 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Donaldson were worth $711,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of DCI. Highwater Wealth Management LLC purchased a new position in Donaldson in the 4th quarter worth about $27,000. Penserra Capital Management LLC purchased a new position in Donaldson in the 4th quarter worth about $34,000. Enlightenment Research LLC purchased a new position in Donaldson in the 4th quarter worth about $48,000. Clean Yield Group purchased a new position in Donaldson in the 4th quarter worth about $52,000. Finally, Oregon Public Employees Retirement Fund increased its stake in Donaldson by 4,293.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,243,003 shares of the industrial products company’s stock worth $52,000 after buying an additional 2,191,949 shares during the period. 79.96% of the stock is currently owned by institutional investors.
In other Donaldson news, Director Douglas A. Milroy bought 560 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were bought at an average cost of $49.05 per share, for a total transaction of $27,468.00. Following the acquisition, the director now directly owns 4,449 shares in the company, valued at $218,223.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.35% of the stock is owned by corporate insiders.
Shares of Donaldson stock opened at $47.51 on Monday. The company has a current ratio of 2.35, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. Donaldson Company, Inc. has a 1 year low of $40.27 and a 1 year high of $59.43. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 1.88 and a beta of 1.44.
Donaldson (NYSE:DCI) last issued its earnings results on Wednesday, March 6th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.04). Donaldson had a return on equity of 32.75% and a net margin of 10.82%. The business had revenue of $703.70 million for the quarter, compared to the consensus estimate of $719.40 million. During the same quarter in the previous year, the company earned $0.43 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts forecast that Donaldson Company, Inc. will post 2.33 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Monday, February 11th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Friday, February 8th. Donaldson’s payout ratio is 38.00%.
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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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