11,069 Shares in Donaldson Company, Inc. $DCI Bought by State of Wyoming

Key Points

• State of Wyoming acquired 11,069 shares of Donaldson Company during the second quarter, valued at approximately $994,000. Institutional investors collectively own 82.81% of the company.
• Donaldson exceeded quarterly expectations, reporting $1.06 in EPS and $995.1 million in revenue, with revenue up 5.9% year over year.
• The company declared a quarterly dividend of $0.32 per share, equal to $1.28 annually and a 1.3% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $97.83.

State of Wyoming acquired a new position in Donaldson Company, Inc. (NYSE:DCI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,069 shares of the industrial products company's stock, valued at approximately $994,000.

A number of other institutional investors have also recently bought and sold shares of DCI. One Wealth Advisors LLC purchased a new position in shares of Donaldson in the 2nd quarter worth about $540,000. SFE Investment Counsel purchased a new position in Donaldson in the second quarter valued at about $5,831,000. Focus Financial Network Inc. grew its position in shares of Donaldson by 1.9% during 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 acquiring 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 acquiring an additional 1,925 shares during the period. Finally, Armstrong Henry H Associates Inc. increased its stake 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 worth $1,426,000 after purchasing an additional 13,080 shares during the last quarter. Institutional investors own 82.81% of the company's stock.

Donaldson Price Performance

Shares of NYSE:DCI opened at $96.03 on Friday. The firm has a market capitalization of $11.13 billion, a PE ratio of 25.82, a P/E/G ratio of 2.19 and a beta of 0.92. 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 company has a 50-day moving average price of $90.47 and a two-hundred day moving average price of $91.06. Donaldson Company, Inc. has a twelve month low of $72.95 and a twelve month high of $112.84.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $995.10 million for the quarter, compared to analyst estimates of $973.65 million. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The company's quarterly revenue was up 5.9% compared to the same quarter last year. Equities analysts forecast that Donaldson Company, Inc. will post 3.96 EPS for the current year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th. Donaldson's dividend payout ratio (DPR) is presently 34.41%.

Analyst Upgrades and Downgrades

DCI has been the topic of a number of research reports. Weiss Ratings raised shares of Donaldson from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, June 3rd. Wall Street Zen raised Donaldson from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Wells Fargo & Company set a $91.00 target price on Donaldson in a research report on Thursday, June 4th. Finally, Stifel Nicolaus lowered their target price on Donaldson from $96.00 to $91.00 and set a "hold" rating on the stock in a research note on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $97.83.

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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