State of Wyoming acquired a new stake in Donaldson Company, Inc. (NYSE:DCI – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,069 shares of the industrial products company’s stock, valued at approximately $994,000.
Several other hedge funds also recently bought and sold shares of the company. One Wealth Advisors LLC bought a new stake in Donaldson during the 2nd quarter worth approximately $540,000. SFE Investment Counsel bought a new position in Donaldson in the 2nd quarter valued at $5,831,000. Focus Financial Network Inc. boosted its holdings in Donaldson by 1.9% in the 2nd quarter. Focus Financial Network Inc. now owns 30,516 shares of the industrial products company’s stock valued at $2,739,000 after purchasing an additional 576 shares during the period. Dudley & Shanley Inc. grew its position in shares of Donaldson by 0.7% during the 2nd quarter. Dudley & Shanley Inc. now owns 272,330 shares of the industrial products company’s stock valued at $24,447,000 after purchasing an additional 1,925 shares in the last quarter. Finally, Armstrong Henry H Associates Inc. grew its position in shares of Donaldson by 467.1% during the 2nd quarter. Armstrong Henry H Associates Inc. now owns 15,880 shares of the industrial products company’s stock valued at $1,426,000 after purchasing an additional 13,080 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.
Donaldson Trading Up 0.3%
Shares of Donaldson 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 firm has a market cap of $11.13 billion, a PE ratio of 25.82, a PEG ratio of 2.19 and a beta of 0.92. The company has a 50 day simple moving average of $90.47 and a two-hundred day simple moving average of $91.06.
Donaldson Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given 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 34.41%.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a report on Thursday, June 4th. Weiss Ratings raised Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Wall Street Zen upgraded Donaldson from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Finally, Wells Fargo & Company set a $91.00 target price on Donaldson in a research note on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Donaldson presently has an average rating of “Moderate Buy” and an average target price of $97.83.
View Our Latest Stock Analysis 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.
Further Reading
- Five stocks we like better than Donaldson
- Is Best Buy the AI Winner Hiding in the Electronics Aisle?
- Applied Materials Beat Everything but Wall Street’s Expectations for Margins
- Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone
- Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing
Want to see what other hedge funds are holding DCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Donaldson Company, Inc. (NYSE:DCI – Free Report).
Receive News & Ratings for Donaldson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Donaldson and related companies with MarketBeat.com's FREE daily email newsletter.
