14,597 Donaldson Company, Inc. $DCI Shares Purchased by Inspire Investing LLC

Key Points

• Inspire Investing increased its Donaldson stake by 139.9% in the third quarter, purchasing 14,597 additional shares and bringing its holdings to 25,032 shares valued at approximately $2.18 million.
• Institutional ownership remains high at 82.81%, with several other investment firms also increasing their positions in Donaldson during the quarter.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $101.67. Donaldson also exceeded quarterly earnings and revenue estimates and pays an annualized dividend of $1.28 per share.

Inspire Investing LLC boosted its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 139.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,032 shares of the industrial products company's stock after acquiring an additional 14,597 shares during the period. Inspire Investing LLC's holdings in Donaldson were worth $2,179,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Studio Investment Management LLC boosted its holdings in shares of Donaldson by 4.5% in the 3rd quarter. Studio Investment Management LLC now owns 11,926 shares of the industrial products company's stock valued at $1,038,000 after purchasing an additional 513 shares in the last quarter. Root Financial Partners LLC acquired a new position in Donaldson during the third quarter worth about $129,000. Vest Financial LLC grew its holdings in shares of Donaldson by 53.3% during the 3rd quarter. Vest Financial LLC now owns 66,915 shares of the industrial products company's stock valued at $5,824,000 after purchasing an additional 23,261 shares during the last quarter. Quadrant Capital Group LLC increased its position in Donaldson by 11.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 6,322 shares of the industrial products company's stock worth $551,000 after purchasing an additional 654 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Donaldson by 4.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 18,623 shares of the industrial products company's stock valued at $1,621,000 after purchasing an additional 723 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Analyst Upgrades and Downgrades

DCI has been the topic of a number of research reports. Wall Street Zen lowered Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, September 19th. Robert W. Baird raised their price target on shares of Donaldson from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, August 27th. Weiss Ratings raised Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, August 20th. Stifel Nicolaus set a $95.00 price objective on Donaldson in a research note on Friday, August 28th. Finally, Morgan Stanley boosted their price target on shares of Donaldson from $91.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 29th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $101.67.

Donaldson Price Performance

Shares of DCI opened at $84.74 on Monday. The stock has a market cap of $9.81 billion, a P/E ratio of 22.01, a P/E/G ratio of 1.96 and a beta of 0.87. The business's fifty day moving average is $89.01 and its 200 day moving average is $88.60. The company has a quick ratio of 1.41, a current ratio of 2.08 and a debt-to-equity ratio of 0.73. Donaldson Company, Inc. has a 12-month low of $79.61 and a 12-month high of $112.84.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings data on Tuesday, August 25th. The industrial products company reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $1.03 earnings per share. Sell-side analysts anticipate that Donaldson Company, Inc. will post 4.33 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, August 17th. Donaldson's dividend payout ratio is presently 33.25%.

Donaldson Profile

Donaldson Company, Inc NYSE: DCI is a global manufacturer of filtration systems and replacement parts. The company serves original-equipment manufacturers, industrial businesses and aftermarket customers with products designed to protect engines, equipment, processes and the surrounding environment.

Its product portfolio includes air, oil, fuel, hydraulic and coolant filters for on- and off-road vehicles and heavy equipment, as well as filtration systems for industrial dust, fume and mist collection.

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