M. Kraus Co Lowers stake in Donaldson Company (DCI)

Donaldson Company (DCI) : M. Kraus Co reduced its stake in Donaldson Company by 0.56% during the most recent quarter end. The investment management company now holds a total of 67,144 shares of Donaldson Company which is valued at $2,333,925 after selling 380 shares in Donaldson Company , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.Donaldson Company makes up approximately 1.36% of M. Kraus Co’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in DCI in the latest quarter, The investment management firm added 47,452 additional shares and now holds a total of 48,782 shares of Donaldson Company which is valued at $1,695,662. Donaldson Company makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Donaldson Company opened for trading at $34.9 and hit $35.18 on the upside on Monday, eventually ending the session at $35.02, with a gain of 0.75% or 0.26 points. The heightened volatility saw the trading volume jump to 4,21,229 shares. Company has a market cap of $4,662 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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