Farr Miller Washingtondc buys $23,373,404 stake in Donaldson Company (DCI)

Donaldson Company (DCI) : Farr Miller Washingtondc scooped up 9,662 additional shares in Donaldson Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 571,058 shares of Donaldson Company which is valued at $23,373,404.Donaldson Company makes up approximately 2.53% of Farr Miller Washingtondc’s portfolio.

Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership added DCI to its portfolio by purchasing 197,500 company shares during the most recent quarter which is valued at $8,083,675. Donaldson Company makes up approx 0.03% of Arrowstreet Capital Limited Partnership’s portfolio.New York State Common Retirement Fund reduced its stake in DCI by selling 80,808 shares or 10.77% in the most recent quarter. The Hedge Fund company now holds 669,671 shares of DCI which is valued at $24,851,491. Donaldson Company makes up approx 0.04% of New York State Common Retirement Fund’s portfolio. Stevens Capital Management Lp sold out all of its stake in DCI during the most recent quarter. The investment firm sold 33,485 shares of DCI which is valued $1,242,628.World Asset Management Inc boosted its stake in DCI in the latest quarter, The investment management firm added 2,598 additional shares and now holds a total of 8,635 shares of Donaldson Company which is valued at $315,350. Donaldson Company makes up approx 0.01% of World Asset Management Inc’s portfolio.Agran Libbie reduced its stake in DCI by selling 5,074 shares or 4.98% in the most recent quarter. The Hedge Fund company now holds 96,723 shares of DCI which is valued at $3,545,865. Donaldson Company makes up approx 0.87% of Agran Libbie’s portfolio.

Donaldson Company (DCI) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $40.07 and reached the intraday high at $40.17. The bulls started the profit booking and pushed the shares to intraday low of $39.94. The trading session was marked by a volume range of 3,36,563 shares exchanging hands. The 52-week high of the shares is $40.96 and the 52-week low is $25.21. The market cap of the company stands at $5,320 M and there are 13,26,75,711 shares in public circulation.

On the company’s financial health, Donaldson Company reported $0.46 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Sep 8, 2016. Analyst had a consensus of $0.49. The company had revenue of $593.80 million for the quarter, compared to analysts expectations of $594.89 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.45 EPS.

Investors should note that on Nov 18, 2016, Donaldson Company announced a cash dividend of $0.1750. The company’s management has announced Dec 2, 2016 as the ex-dividend date and fixed the record date on Dec 6, 2016. The payable date has been fixed on Dec 21, 2016.

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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