First Mercantile Trust Co Lowers stake in Donaldson Company (DCI)

Donaldson Company (DCI) : First Mercantile Trust Co reduced its stake in Donaldson Company by 10.72% during the most recent quarter end. The investment management company now holds a total of 16,094 shares of Donaldson Company which is valued at $587,753 after selling 1,933 shares in Donaldson Company , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Donaldson Company makes up approximately 0.08% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Simplex Trading added DCI to its portfolio by purchasing 567 company shares during the most recent quarter which is valued at $20,707.Bnp Paribas Arbitrage Sa reduced its stake in DCI by selling 36,426 shares or 74.67% in the most recent quarter. The Hedge Fund company now holds 12,356 shares of DCI which is valued at $456,307.North Star Asset Management Inc boosted its stake in DCI in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 11,850 shares of Donaldson Company which is valued at $437,621. Donaldson Company makes up approx 0.05% of North Star Asset Management Inc’s portfolio.Independent Portfolio Consultants boosted its stake in DCI in the latest quarter, The investment management firm added 260 additional shares and now holds a total of 5,500 shares of Donaldson Company which is valued at $203,115. Donaldson Company makes up approx 0.06% of Independent Portfolio Consultants’s portfolio.Washington Trust Bank boosted its stake in DCI in the latest quarter, The investment management firm added 24 additional shares and now holds a total of 5,024 shares of Donaldson Company which is valued at $185,536. Donaldson Company makes up approx 0.04% of Washington Trust Bank’s portfolio.

Donaldson Company closed down -0.61 points or -1.64% at $36.52 with 5,79,889 shares getting traded on Friday. Post opening the session at $37.05, the shares hit an intraday low of $36.39 and an intraday high of $37.06 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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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