One Wealth Advisors LLC Makes New Investment in Donaldson Company, Inc. $DCI

One Wealth Advisors LLC acquired a new position in Donaldson Company, Inc. (NYSE:DCIFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,017 shares of the industrial products company’s stock, valued at approximately $540,000.

A number of other large investors have also recently made changes to their positions in the stock. Pictet Asset Management Holding SA increased its holdings in Donaldson by 10,438.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,801,481 shares of the industrial products company’s stock worth $152,873,000 after acquiring an additional 1,784,386 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in Donaldson by 26,235.7% during the fourth quarter. William Blair Investment Management LLC now owns 1,707,872 shares of the industrial products company’s stock valued at $151,420,000 after purchasing an additional 1,701,387 shares in the last quarter. Norges Bank bought a new position in shares of Donaldson in the fourth quarter worth approximately $120,186,000. Fuller & Thaler Asset Management Inc. boosted its position in shares of Donaldson by 22.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,109,595 shares of the industrial products company’s stock worth $187,037,000 after purchasing an additional 380,419 shares during the period. Finally, Arbejdsmarkedets Tillaegspension bought a new position in shares of Donaldson in the fourth quarter worth approximately $22,872,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DCI has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Stifel Nicolaus dropped their target price on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, June 4th. Wells Fargo & Company set a $91.00 price target on Donaldson in a research note on Thursday, June 4th. Finally, Weiss Ratings raised Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Donaldson presently has an average rating of “Moderate Buy” and an average price target of $97.83.

Get Our Latest Research Report on Donaldson

Donaldson Trading Up 0.3%

DCI stock opened at $96.03 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.35 and a quick ratio of 1.55. Donaldson Company, Inc. has a 1-year low of $72.95 and a 1-year high of $112.84. The business has a 50 day simple moving average of $90.47 and a two-hundred day simple moving average of $91.06. The company has a market capitalization of $11.13 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 2.19 and a beta of 0.92.

Donaldson (NYSE:DCIGet Free Report) last released its quarterly earnings data on Monday, June 1st. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.01. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The firm had revenue of $995.10 million for the quarter, compared to analysts’ expectations of $973.65 million. During the same quarter last year, the business posted $0.99 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Research analysts anticipate that Donaldson Company, Inc. will post 3.96 EPS for the current fiscal year.

Donaldson Dividend Announcement

The business 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 annualized dividend and a yield of 1.3%. Donaldson’s payout ratio is presently 34.41%.

About Donaldson

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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