Gamco Investors INC. ET AL reduced its stake in shares of Donaldson Company, Inc. (NYSE:DCI – Free Report) by 21.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 274,351 shares of the industrial products company’s stock after selling 74,805 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Donaldson were worth $23,284,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Pictet Asset Management Holding SA lifted its position in Donaldson by 10,438.1% during the first quarter. Pictet Asset Management Holding SA now owns 1,801,481 shares of the industrial products company’s stock worth $152,873,000 after purchasing an additional 1,784,386 shares during the period. William Blair Investment Management LLC increased its holdings in 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 bought a new position in Donaldson in the 4th quarter valued at about $120,186,000. Fuller & Thaler Asset Management Inc. raised its position in shares of Donaldson by 22.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,109,595 shares of the industrial products company’s stock valued at $187,037,000 after buying an additional 380,419 shares in the last quarter. Finally, Arbejdsmarkedets Tillaegspension acquired a new position in shares of Donaldson in the 4th quarter valued at approximately $22,872,000. Institutional investors and hedge funds own 82.81% of the company’s stock.
Wall Street Analyst Weigh In
DCI has been the subject of a number of research analyst reports. Stifel Nicolaus lowered their price target on 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 target price 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 research report on Wednesday, June 3rd. Robert W. Baird lowered their target price on Donaldson from $104.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. Finally, Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Three 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 currently has an average rating of “Moderate Buy” and an average target price of $97.83.
Donaldson Price Performance
Shares of DCI opened at $92.88 on Friday. Donaldson Company, Inc. has a 12-month low of $70.17 and a 12-month high of $112.84. The business has a 50-day simple moving average of $86.72 and a two-hundred day simple moving average of $91.23. 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 cap of $10.77 billion, a PE ratio of 24.97, a PEG ratio of 2.35 and a beta of 0.93.
Donaldson (NYSE:DCI – Get Free Report) last posted its earnings results on Monday, June 1st. The industrial products company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.05 by $0.01. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The firm had revenue of $995.10 million during the quarter, compared to the consensus estimate of $973.65 million. During the same period last year, the company earned $0.99 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts anticipate that Donaldson Company, Inc. will post 3.96 earnings per share for the current fiscal year.
Donaldson Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.32 dividend. This is a positive change from Donaldson’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 15th. Donaldson’s payout ratio is presently 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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