Swiss National Bank Sells 3,900 Shares of Donaldson Company, Inc. (NYSE:DCI)

Swiss National Bank lowered its position in Donaldson Company, Inc. (NYSE:DCI) by 1.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 231,300 shares of the industrial products company’s stock after selling 3,900 shares during the period. Swiss National Bank’s holdings in Donaldson were worth $15,511,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Colonial Trust Co SC purchased a new stake in shares of Donaldson in the fourth quarter worth approximately $25,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Donaldson in the first quarter worth approximately $29,000. Johnson Financial Group Inc. raised its stake in shares of Donaldson by 48.8% in the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 195 shares during the last quarter. Wood Tarver Financial Group LLC purchased a new stake in shares of Donaldson in the fourth quarter worth approximately $42,000. Finally, CX Institutional purchased a new stake in shares of Donaldson in the first quarter worth approximately $53,000. Institutional investors own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DCI. Wall Street Zen downgraded Donaldson from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Robert W. Baird increased their price objective on Donaldson from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $69.00 price objective (up from $65.00) on shares of Donaldson in a research note on Friday, June 6th.

Donaldson Stock Performance

Shares of DCI opened at $75.71 on Thursday. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $8.82 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 1.80 and a beta of 0.99. The stock has a 50 day moving average of $70.69 and a 200 day moving average of $68.71. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $78.95.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The company had revenue of $940.10 million during the quarter, compared to the consensus estimate of $936.02 million. Donaldson had a return on equity of 28.86% and a net margin of 9.94%. Donaldson’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the business posted $0.92 earnings per share. As a group, sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, August 12th. Donaldson’s dividend payout ratio is 40.27%.

About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.