PNC Financial Services Group Inc. Purchases 501 Shares of Donaldson Company, Inc. (NYSE:DCI)

PNC Financial Services Group Inc. boosted its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 134,435 shares of the industrial products company’s stock after acquiring an additional 501 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.11% of Donaldson worth $5,193,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Janney Montgomery Scott LLC bought a new stake in Donaldson in the fourth quarter worth $235,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Donaldson by 9.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,750 shares of the industrial products company’s stock worth $504,000 after buying an additional 760 shares during the last quarter. State of Michigan Retirement System boosted its stake in shares of Donaldson by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 37,220 shares of the industrial products company’s stock worth $2,145,000 after acquiring an additional 200 shares in the last quarter. Investors Financial Group LLC bought a new stake in shares of Donaldson during the 4th quarter worth about $1,950,000. Finally, Unified Trust Company N.A. increased its holdings in shares of Donaldson by 0.8% during the 4th quarter. Unified Trust Company N.A. now owns 69,093 shares of the industrial products company’s stock valued at $3,981,000 after acquiring an additional 558 shares during the last quarter. Hedge funds and other institutional investors own 78.70% of the company’s stock.

Shares of NYSE DCI opened at $45.12 on Monday. The company has a quick ratio of 1.55, a current ratio of 2.25 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $41.98 and its two-hundred day moving average is $49.49. The company has a market cap of $5.72 billion, a P/E ratio of 22.12, a P/E/G ratio of 3.12 and a beta of 1.39. Donaldson Company, Inc. has a 12 month low of $31.08 and a 12 month high of $58.32.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, March 5th. The industrial products company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. Donaldson had a return on equity of 30.72% and a net margin of 9.47%. The company had revenue of $662.00 million during the quarter, compared to analysts’ expectations of $696.41 million. During the same period in the prior year, the business earned $0.47 earnings per share. Donaldson’s revenue for the quarter was down 5.9% compared to the same quarter last year. Sell-side analysts expect that Donaldson Company, Inc. will post 1.84 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on the company. Jefferies Financial Group cut Donaldson from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research report on Monday, March 23rd. Robert W. Baird decreased their price objective on shares of Donaldson from $49.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, March 6th. Zacks Investment Research downgraded shares of Donaldson from a “hold” rating to a “sell” rating and set a $44.00 target price on the stock. in a report on Friday, May 15th. Finally, Stifel Nicolaus cut their target price on shares of Donaldson from $50.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday, March 19th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Donaldson currently has a consensus rating of “Hold” and a consensus target price of $43.75.

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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