Hartline Investment Corp Lowers stake in Donaldson Company (DCI)

Donaldson Company (DCI) : Hartline Investment Corp reduced its stake in Donaldson Company by 0.18% during the most recent quarter end. The investment management company now holds a total of 56,352 shares of Donaldson Company which is valued at $2,066,428 after selling 100 shares in Donaldson Company , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Donaldson Company makes up approximately 0.72% of Hartline Investment Corp’s portfolio.

Other Hedge Funds, Including , New York State Common Retirement Fund boosted its stake in DCI in the latest quarter, The investment management firm added 63,318 additional shares and now holds a total of 750,479 shares of Donaldson Company which is valued at $27,520,065. Donaldson Company makes up approx 0.04% of New York State Common Retirement Fund’s portfolio.Blair William Coil reduced its stake in DCI by selling 2,093 shares or 8.3% in the most recent quarter. The Hedge Fund company now holds 23,128 shares of DCI which is valued at $849,723. Donaldson Company makes up approx 0.01% of Blair William Coil’s portfolio.Cooke Bieler Lp reduced its stake in DCI by selling 532,453 shares or 16.3% in the most recent quarter. The Hedge Fund company now holds 2,734,187 shares of DCI which is valued at $98,786,176. Donaldson Company makes up approx 2.11% of Cooke Bieler Lp’s portfolio.Weaver C. Barksdale Associates reduced its stake in DCI by selling 20 shares or 6.73% in the most recent quarter. The Hedge Fund company now holds 277 shares of DCI which is valued at $9,795. Donaldson Company makes up approx 0.02% of Weaver C. Barksdale Associates’s portfolio.

Donaldson Company opened for trading at $37.19 and hit $37.58 on the upside on Friday, eventually ending the session at $37.35, with a gain of 0.32% or 0.12 points. The heightened volatility saw the trading volume jump to 3,58,218 shares. Company has a market cap of $4,972 M.

On the company’s financial health, Donaldson Company reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jun 2, 2016. Analyst had a consensus of $0.39. The company had revenue of $571.30 million for the quarter, compared to analysts expectations of $550.81 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.36 EPS.

Donaldson Company Inc. is a provider and manufacturer of filtration systems and replacement parts. The Company serves customers in the industrial and engine markets including dust collection power generation specialty filtration compressed air purification off-road equipment industrial compressors heavy trucks and light vehicles. The Company’s products are manufactured at 39 plants around the world and through three joint ventures. The Company has two reporting segments: Engine Products and Industrial Products.

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