Biltmore Wealth Management Exits Position in Donaldson Company (DCI)

Donaldson Company (DCI) : Biltmore Wealth Management has sold out all of its stake in Donaldson Company during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 45,072 shares of Donaldson Company which is valued at $1,622,141.

Other Hedge Funds, Including , Utah Retirement Systems reduced its stake in DCI by selling 1,400 shares or 5.73% in the most recent quarter. The Hedge Fund company now holds 23,047 shares of DCI which is valued at $829,462. Donaldson Company makes up approx 0.02% of Utah Retirement Systems’s portfolio.Sfe Investment Counsel reduced its stake in DCI by selling 7,091 shares or 5.53% in the most recent quarter. The Hedge Fund company now holds 121,147 shares of DCI which is valued at $4,360,081. Donaldson Company makes up approx 1.95% of Sfe Investment Counsel’s portfolio.Ibm Retirement Fund reduced its stake in DCI by selling 1,061 shares or 7.64% in the most recent quarter. The Hedge Fund company now holds 12,818 shares of DCI which is valued at $454,142. Donaldson Company makes up approx 0.02% of Ibm Retirement Fund’s portfolio.

Donaldson Company opened for trading at $36.74 and hit $36.95 on the upside on Monday, eventually ending the session at $36.79, with a gain of 0.44% or 0.16 points. The heightened volatility saw the trading volume jump to 3,86,259 shares. Company has a market cap of $4,898 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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