JPMorgan Chase & Co. Acquires 149,144 Shares of Donaldson Company, Inc. (DCI)

JPMorgan Chase & Co. increased its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 167.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 238,445 shares of the industrial products company’s stock after acquiring an additional 149,144 shares during the period. JPMorgan Chase & Co. owned about 0.19% of Donaldson worth $13,892,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its position in shares of Donaldson by 0.4% during the 2nd quarter. BlackRock Inc. now owns 11,222,657 shares of the industrial products company’s stock valued at $506,366,000 after acquiring an additional 39,755 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Donaldson by 9.2% during the 2nd quarter. Janus Henderson Group PLC now owns 4,360,680 shares of the industrial products company’s stock valued at $196,754,000 after acquiring an additional 368,578 shares in the last quarter. FMR LLC boosted its position in shares of Donaldson by 101.2% during the 2nd quarter. FMR LLC now owns 3,442,400 shares of the industrial products company’s stock valued at $155,321,000 after acquiring an additional 1,731,506 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in shares of Donaldson by 10.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,282,156 shares of the industrial products company’s stock valued at $57,851,000 after acquiring an additional 119,548 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Donaldson by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,004,255 shares of the industrial products company’s stock valued at $45,312,000 after acquiring an additional 47,918 shares in the last quarter. Institutional investors and hedge funds own 81.42% of the company’s stock.

In other Donaldson news, Director Willard D. Oberton sold 14,400 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $56.85, for a total value of $818,640.00. Following the transaction, the director now directly owns 30,451 shares in the company, valued at $1,731,139.35. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Richard Brent Lewis sold 3,209 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $58.99, for a total transaction of $189,298.91. Following the completion of the transaction, the vice president now directly owns 4,000 shares of the company’s stock, valued at $235,960. The disclosure for this sale can be found here. 1.35% of the stock is owned by insiders.

Several analysts have recently weighed in on the stock. SunTrust Banks reiterated a “hold” rating and set a $56.00 target price on shares of Donaldson in a research report on Thursday. Oppenheimer restated a “hold” rating on shares of Donaldson in a research report on Thursday, September 6th. Zacks Investment Research lowered shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus restated a “hold” rating and issued a $54.00 price target (up from $46.00) on shares of Donaldson in a research report on Thursday, September 6th. Finally, ValuEngine upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $56.33.

NYSE:DCI opened at $48.92 on Friday. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 1.87 and a beta of 1.25. Donaldson Company, Inc. has a 12 month low of $43.35 and a 12 month high of $59.43. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.74.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Tuesday, December 4th. The industrial products company reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.01). The firm had revenue of $701.40 million during the quarter, compared to analyst estimates of $700.98 million. Donaldson had a net margin of 6.92% and a return on equity of 32.75%. Donaldson’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. Research analysts predict that Donaldson Company, Inc. will post 2.39 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Tuesday, December 11th will be given a $0.19 dividend. The ex-dividend date is Monday, December 10th. This represents a $0.76 dividend on an annualized basis and a yield of 1.55%. Donaldson’s dividend payout ratio (DPR) is presently 38.00%.

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Donaldson 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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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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