PNC Financial Services Group Inc. Has $6.84 Million Stake in Donaldson Company, Inc. (NYSE:DCI)

PNC Financial Services Group Inc. boosted its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 13.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,527 shares of the industrial products company’s stock after buying an additional 16,217 shares during the quarter. PNC Financial Services Group Inc. owned 0.11% of Donaldson worth $6,835,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Riverview Trust Co acquired a new stake in Donaldson during the 4th quarter worth about $27,000. CX Institutional purchased a new stake in shares of Donaldson during the 1st quarter worth about $32,000. Penserra Capital Management LLC purchased a new stake in shares of Donaldson during the 4th quarter worth about $34,000. Enlightenment Research LLC purchased a new stake in shares of Donaldson during the 4th quarter worth about $48,000. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Donaldson by 4,293.4% during 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 purchasing an additional 2,191,949 shares in the last quarter. 80.53% of the stock is owned by institutional investors and hedge funds.

In other Donaldson news, Director John Wiehoff sold 14,400 shares of Donaldson stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $47.88, for a total value of $689,472.00. Following the transaction, the director now directly owns 66,860 shares of the company’s stock, valued at approximately $3,201,256.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.35% of the company’s stock.

Separately, Zacks Investment Research downgraded Donaldson from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. Six analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average target price of $53.00.

Shares of DCI stock traded up $0.28 during trading on Friday, reaching $50.86. The company had a trading volume of 691,021 shares, compared to its average volume of 448,797. The stock has a 50 day moving average price of $49.25. The company has a quick ratio of 1.82, a current ratio of 2.63 and a debt-to-equity ratio of 0.68. Donaldson Company, Inc. has a one year low of $40.27 and a one year high of $59.43. The firm has a market cap of $6.49 billion, a P/E ratio of 25.43, a PEG ratio of 2.11 and a beta of 1.47.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.04). Donaldson had a net margin of 10.96% and a return on equity of 32.30%. The company had revenue of $713.00 million during the quarter, compared to the consensus estimate of $745.05 million. During the same period in the previous year, the business posted $0.53 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Donaldson Company, Inc. will post 2.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were given a $0.21 dividend. This is an increase from Donaldson’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Wednesday, June 12th. Donaldson’s payout ratio is currently 42.00%.

About Donaldson

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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