State of Alaska Department of Revenue lifted its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 51.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,683 shares of the industrial products company’s stock after acquiring an additional 7,748 shares during the quarter. State of Alaska Department of Revenue’s holdings in Donaldson were worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of DCI. Nuveen Asset Management LLC acquired a new position in shares of Donaldson during the 2nd quarter valued at $16,423,000. Janus Henderson Group PLC increased its stake in Donaldson by 7.2% during the 2nd quarter. Janus Henderson Group PLC now owns 4,420,603 shares of the industrial products company’s stock worth $224,832,000 after buying an additional 296,782 shares during the period. WINTON GROUP Ltd purchased a new stake in Donaldson during the 2nd quarter worth $7,823,000. Northern Trust Corp increased its stake in Donaldson by 14.4% during the 2nd quarter. Northern Trust Corp now owns 1,029,276 shares of the industrial products company’s stock worth $52,349,000 after buying an additional 129,846 shares during the period. Finally, Citadel Advisors LLC increased its stake in Donaldson by 115.2% during the 2nd quarter. Citadel Advisors LLC now owns 193,496 shares of the industrial products company’s stock worth $9,842,000 after buying an additional 103,600 shares during the period. Institutional investors and hedge funds own 81.58% of the company’s stock.
Separately, Stifel Nicolaus set a $50.00 price target on shares of Donaldson and gave the stock a “hold” rating in a research note on Friday, September 6th. Six research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $52.25.
Donaldson (NYSE:DCI) last released its earnings results on Thursday, September 5th. The industrial products company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The company had revenue of $726.90 million during the quarter, compared to the consensus estimate of $725.32 million. Donaldson had a net margin of 9.39% and a return on equity of 32.29%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 EPS. Analysts forecast that Donaldson Company, Inc. will post 2.28 earnings per share for the current fiscal year.
Donaldson Company Profile
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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