Man Group plc acquired a new stake in Donaldson Company, Inc. (NYSE:DCI – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 34,188 shares of the industrial products company’s stock, valued at approximately $3,069,000.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Donaldson during the second quarter worth $1,072,012,000. Pictet Asset Management Holding SA grew its stake in shares of Donaldson by 10,438.1% in the first quarter. Pictet Asset Management Holding SA now owns 1,801,481 shares of the industrial products company’s stock valued at $152,873,000 after buying an additional 1,784,386 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Donaldson by 26,235.7% in the 4th 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 buying an additional 1,701,387 shares during the period. Norges Bank purchased a new stake in shares of Donaldson in the 4th quarter valued at $120,186,000. Finally, Bank of New York Mellon Corp acquired a new position in Donaldson during the 2nd quarter worth about $95,542,000. Institutional investors and hedge funds own 82.81% of the company’s stock.
Donaldson Trading Down 1.0%
DCI opened at $90.96 on Tuesday. Donaldson Company, Inc. has a 12 month low of $78.52 and a 12 month high of $112.84. The stock has a market capitalization of $10.54 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 2.13 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.08 and a quick ratio of 1.41. The business has a fifty day moving average price of $92.11 and a 200 day moving average price of $90.07.
Donaldson Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.28 annualized dividend and a yield of 1.4%. Donaldson’s dividend payout ratio (DPR) is 33.25%.
Analyst Ratings Changes
Several equities analysts have weighed in on DCI shares. Wells Fargo & Company set a $91.00 target price on Donaldson in a research report on Thursday, June 4th. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Stifel Nicolaus set a $95.00 price objective on shares of Donaldson in a research note on Friday. Weiss Ratings upgraded shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Finally, Robert W. Baird upped their target price on shares of Donaldson from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Donaldson currently has a consensus rating of “Moderate Buy” and an average target price of $101.00.
Get Our Latest Report on Donaldson
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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