Dimensional Fund Advisors LP increased its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 855,564 shares of the industrial products company’s stock after buying an additional 2,545 shares during the period. Dimensional Fund Advisors LP owned 0.65% of Donaldson worth $38,944,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of DCI. Clean Yield Group acquired a new stake in shares of Donaldson during the first quarter valued at about $109,000. TrimTabs Asset Management LLC acquired a new stake in shares of Donaldson during the first quarter valued at about $125,000. Schroder Investment Management Group acquired a new stake in shares of Donaldson during the first quarter valued at about $154,000. Mosaic Family Wealth LLC raised its stake in shares of Donaldson by 3.0% in the first quarter. Mosaic Family Wealth LLC now owns 4,215 shares of the industrial products company’s stock valued at $192,000 after buying an additional 123 shares during the period. Finally, Tyers Asset Management LLC raised its stake in shares of Donaldson by 16.5% in the first quarter. Tyers Asset Management LLC now owns 4,416 shares of the industrial products company’s stock valued at $201,000 after buying an additional 624 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.
Shares of Donaldson Company, Inc. (NYSE DCI) traded up 0.13% during mid-day trading on Friday, hitting $46.35. The stock had a trading volume of 333,855 shares. The company has a market cap of $6.08 billion, a PE ratio of 27.59 and a beta of 1.22. The stock’s 50-day moving average is $46.71 and its 200 day moving average is $45.51. Donaldson Company, Inc. has a 12 month low of $35.59 and a 12 month high of $48.91.
Donaldson (NYSE:DCI) last released its quarterly earnings data on Thursday, June 1st. The industrial products company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Donaldson had a return on equity of 28.12% and a net margin of 9.72%. The firm had revenue of $608.20 million for the quarter, compared to analysts’ expectations of $580.44 million. During the same period in the prior year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities research analysts forecast that Donaldson Company, Inc. will post ($0.38) earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.55%. This is a boost from Donaldson’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, August 11th. Donaldson’s dividend payout ratio is 43.11%.
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DCI has been the subject of several recent research reports. Zacks Investment Research raised Donaldson from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Wednesday, May 24th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Donaldson in a research note on Thursday, June 1st. Jefferies Group LLC upgraded Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Wednesday, May 31st. BidaskClub upgraded Donaldson from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $48.00 target price (up previously from $45.00) on shares of Donaldson in a research note on Friday, June 2nd. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $48.25.
In other Donaldson news, Director John Wiehoff sold 14,400 shares of the company’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $46.33, for a total transaction of $667,152.00. Following the transaction, the director now directly owns 59,001 shares in the company, valued at $2,733,516.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.88% of the stock is owned by corporate insiders.
Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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