11,385 Shares in Donaldson Company, Inc. $DCI Purchased by Aurora Investment Counsel

Key Points

• Aurora Investment Counsel purchased 11,385 shares of Donaldson Company during the second quarter, valued at approximately $1.02 million. Institutional investors and hedge funds collectively own 82.81% of DCI’s outstanding stock.
• Analyst sentiment is favorable, with three Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $99.50. Robert W. Baird raised its target to $105, while Stifel lowered its target to $91.
• Donaldson exceeded quarterly expectations, reporting $1.06 in EPS and $995.1 million in revenue, up 5.9% year over year. The company also announced a quarterly dividend of $0.32 per share, representing a 1.4% annualized yield.

Aurora Investment Counsel acquired a new stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 11,385 shares of the industrial products company's stock, valued at approximately $1,022,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DCI. Verdence Capital Advisors LLC raised its position in shares of Donaldson by 1.2% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,603 shares of the industrial products company's stock worth $763,000 after buying an additional 101 shares in the last quarter. TIAA Trust National Association lifted its holdings in shares of Donaldson by 2.0% in the fourth quarter. TIAA Trust National Association now owns 5,589 shares of the industrial products company's stock valued at $496,000 after purchasing an additional 108 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of Donaldson by 3.8% in the first quarter. HB Wealth Management LLC now owns 3,502 shares of the industrial products company's stock worth $297,000 after purchasing an additional 129 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Donaldson by 2.4% during the 4th quarter. Quadrant Capital Group LLC now owns 5,645 shares of the industrial products company's stock valued at $500,000 after buying an additional 132 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Donaldson by 4.8% in the 1st quarter. Blue Trust Inc. now owns 2,925 shares of the industrial products company's stock valued at $248,000 after buying an additional 133 shares in the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on DCI shares. Wells Fargo & Company set a $91.00 price target on Donaldson in a 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. Stifel Nicolaus cut their target price on shares of Donaldson from $96.00 to $91.00 and set a "hold" rating on the stock in a research report on Thursday, June 4th. Robert W. Baird upped their target price on shares of Donaldson from $95.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Wall Street Zen raised shares of Donaldson from a "hold" rating to a "buy" rating in a research report on Sunday, August 9th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $99.50.

Donaldson Trading Down 1.1%

DCI stock opened at $92.95 on Thursday. Donaldson Company, Inc. has a one year low of $73.63 and a one year high of $112.84. The stock has a market cap of $10.77 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 2.15 and a beta of 0.92. The company has a fifty day moving average price of $91.02 and a two-hundred day moving average price of $90.82. 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 (NYSE:DCI - Get Free Report) last issued its quarterly earnings data on Monday, June 1st. The industrial products company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.01. The company had revenue of $995.10 million for the quarter, compared to analyst estimates of $973.65 million. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The company's revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 earnings per share. Equities analysts anticipate that Donaldson Company, Inc. will post 3.96 EPS for the current year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. Donaldson's dividend payout ratio is presently 34.41%.

About Donaldson

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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