Lazard Asset Management LLC purchased a new position in shares of Donaldson Company, Inc. (NYSE:DCI – Free Report) during the first quarter, Holdings Channel.com reports. The fund purchased 8,175 shares of the industrial products company’s stock, valued at approximately $694,000.
Several other hedge funds have also made changes to their positions in DCI. Leonteq Securities AG purchased a new position in shares of Donaldson in the fourth quarter valued at approximately $40,000. Eagle Bay Advisors LLC purchased a new stake in Donaldson during the 4th quarter worth approximately $45,000. Clearstead Advisors LLC lifted its holdings in Donaldson by 92.6% during the 4th quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after buying an additional 288 shares in the last quarter. Strive Financial Group LLC acquired a new stake in Donaldson during the 4th quarter worth approximately $57,000. Finally, Sachetta LLC purchased a new position in Donaldson in the 1st quarter valued at approximately $65,000. Institutional investors and hedge funds own 82.81% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have commented on DCI. Wells Fargo & Company set a $91.00 price objective on Donaldson in a research report on Thursday, June 4th. Weiss Ratings upgraded Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Stifel Nicolaus lowered their target price on Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a research note on Thursday, June 4th. Finally, Wall Street Zen cut Donaldson from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $97.83.
Donaldson Trading Down 0.7%
NYSE DCI opened at $97.44 on Thursday. Donaldson Company, Inc. has a 52 week low of $71.57 and a 52 week high of $112.84. The firm has a 50 day moving average of $88.61 and a two-hundred day moving average of $91.21. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $11.29 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92.
Donaldson (NYSE:DCI – Get Free Report) last announced its quarterly earnings data on Monday, June 1st. The industrial products company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. The business 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 period last year, the business earned $0.99 EPS. As a group, research analysts expect that Donaldson Company, Inc. will post 3.96 EPS for the current fiscal year.
Donaldson Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a $0.32 dividend. The ex-dividend date is Monday, August 17th. This represents a $1.28 dividend on an annualized basis and a yield of 1.3%. Donaldson’s dividend payout ratio (DPR) is currently 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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