Sei Investments Co. boosted its holdings in shares of Donaldson Company, Inc. (NYSE:DCI – Free Report) by 34.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,122 shares of the industrial products company’s stock after buying an additional 61,713 shares during the period. Sei Investments Co.’s holdings in Donaldson were worth $20,548,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Leonteq Securities AG acquired a new position in shares of Donaldson in the 4th quarter valued at $40,000. Eagle Bay Advisors LLC bought a new stake in Donaldson in the fourth quarter valued at about $45,000. Clearstead Advisors LLC raised its position in Donaldson by 92.6% in the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 288 shares in the last quarter. Strive Financial Group LLC acquired a new position in Donaldson in the fourth quarter worth about $57,000. Finally, Sachetta LLC bought a new position in Donaldson during the first quarter worth about $65,000. Institutional investors own 82.81% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on DCI shares. Wall Street Zen upgraded Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Stifel Nicolaus decreased their price target on Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research note on Thursday, June 4th. Weiss Ratings raised shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Finally, Wells Fargo & Company set a $91.00 target price on Donaldson in a report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $97.83.
Donaldson Stock Performance
Donaldson stock opened at $92.44 on Thursday. The stock has a 50-day simple moving average of $87.41 and a 200 day simple moving average of $91.26. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of 24.85, a P/E/G ratio of 2.41 and a beta of 0.93. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 12-month low of $70.17 and a 12-month high of $112.84.
Donaldson (NYSE:DCI – Get Free Report) last issued its quarterly earnings data on Monday, June 1st. The industrial products company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. The firm had revenue of $995.10 million for the quarter, compared to analyst estimates of $973.65 million. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 EPS. On average, research analysts anticipate that Donaldson Company, Inc. will post 3.96 earnings per share for the current fiscal year.
Donaldson Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.32 dividend. This is an increase from Donaldson’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 15th. Donaldson’s dividend payout ratio (DPR) is 34.41%.
Donaldson Profile
Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.
Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.
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