Pacer Advisors Inc. Sells 13,684 Shares of Donaldson Company, Inc. (NYSE:DCI)

Pacer Advisors Inc. reduced its position in Donaldson Company, Inc. (NYSE:DCI) by 51.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,858 shares of the industrial products company’s stock after selling 13,684 shares during the quarter. Pacer Advisors Inc.’s holdings in Donaldson were worth $862,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers lifted its position in shares of Donaldson by 6.0% during the 1st quarter. Cetera Investment Advisers now owns 11,274 shares of the industrial products company’s stock valued at $756,000 after acquiring an additional 639 shares during the period. Carnegie Investment Counsel acquired a new position in shares of Donaldson during the 1st quarter valued at $23,147,000. Close Asset Management Ltd lifted its position in shares of Donaldson by 27.9% during the 1st quarter. Close Asset Management Ltd now owns 1,298,164 shares of the industrial products company’s stock valued at $87,074,000 after acquiring an additional 283,060 shares during the period. Accredited Investors Inc. lifted its position in shares of Donaldson by 9.8% during the 1st quarter. Accredited Investors Inc. now owns 4,664 shares of the industrial products company’s stock valued at $313,000 after acquiring an additional 415 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Donaldson during the 1st quarter valued at $2,967,000. 82.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on DCI. Robert W. Baird boosted their target price on shares of Donaldson from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Stifel Nicolaus lowered their price objective on shares of Donaldson from $70.00 to $63.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Morgan Stanley restated an “underweight” rating and set a $69.00 price objective (up previously from $65.00) on shares of Donaldson in a report on Friday, June 6th. Finally, Wall Street Zen downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a report on Saturday, July 5th.

Donaldson Stock Performance

DCI opened at $72.06 on Thursday. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. The company’s fifty day moving average price is $70.03 and its two-hundred day moving average price is $68.56. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $78.95. The company has a market cap of $8.40 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 1.87 and a beta of 0.98.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The firm had revenue of $940.10 million for the quarter, compared to the consensus estimate of $936.02 million. During the same quarter in the prior year, the company posted $0.92 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. On average, analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.67%. Donaldson’s dividend payout ratio is currently 40.27%.

Donaldson Company Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.