Janus Henderson Group PLC lifted its stake in Donaldson Company, Inc. (NYSE:DCI) by 7.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,420,603 shares of the industrial products company’s stock after purchasing an additional 296,782 shares during the quarter. Janus Henderson Group PLC owned about 3.47% of Donaldson worth $224,832,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Donaldson by 1.7% in the 1st quarter. BlackRock Inc. now owns 11,562,764 shares of the industrial products company’s stock worth $578,833,000 after purchasing an additional 195,344 shares in the last quarter. BTIM Corp. boosted its position in shares of Donaldson by 1.6% in the 2nd quarter. BTIM Corp. now owns 1,963,235 shares of the industrial products company’s stock worth $99,850,000 after purchasing an additional 30,536 shares in the last quarter. Pictet Asset Management Ltd. raised its holdings in Donaldson by 104.4% in the 1st quarter. Pictet Asset Management Ltd. now owns 1,627,516 shares of the industrial products company’s stock worth $81,473,000 after acquiring an additional 831,322 shares during the last quarter. Geode Capital Management LLC raised its holdings in Donaldson by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 1,309,517 shares of the industrial products company’s stock worth $56,819,000 after acquiring an additional 80,514 shares during the last quarter. Finally, US Bancorp DE raised its holdings in Donaldson by 2.9% in the 1st quarter. US Bancorp DE now owns 932,802 shares of the industrial products company’s stock worth $46,696,000 after acquiring an additional 26,204 shares during the last quarter. 80.83% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research upgraded shares of Donaldson from a “sell” rating to a “hold” rating and set a $51.00 price objective for the company in a report 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 price target of $53.00.
Donaldson (NYSE:DCI) last announced its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.04). Donaldson had a return on equity of 32.30% and a net margin of 10.96%. The firm had revenue of $713.00 million during the quarter, compared to analysts’ expectations of $745.05 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Donaldson’s revenue was up 1.9% on a year-over-year basis. On average, research analysts expect that Donaldson Company, Inc. will post 2.21 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Tuesday, August 13th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.84 dividend on an annualized basis and a yield of 1.75%. Donaldson’s payout ratio is currently 42.00%.
In related news, Director John Wiehoff sold 14,400 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $47.88, for a total value of $689,472.00. Following the completion of the transaction, the director now directly owns 66,860 shares in the company, valued at approximately $3,201,256.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.35% of the stock is owned by insiders.
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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