40,987 Shares in Donaldson Company, Inc. $DCI Purchased by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG purchased 40,987 Donaldson shares worth approximately $3.68 million, while institutional investors collectively own 82.81% of the company.
• Donaldson reported quarterly EPS of $1.06, beating estimates by $0.01, and revenue of $995.1 million, up 5.9% year over year and above analyst expectations.
• The company declared a quarterly dividend of $0.32 per share, representing a $1.28 annualized payout and a 1.4% yield; analysts maintain a “Moderate Buy” consensus with a $99.50 price target.

B. Metzler seel. Sohn & Co. AG bought a new position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 40,987 shares of the industrial products company's stock, valued at approximately $3,679,000.

A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Donaldson during the second quarter worth approximately $1,072,012,000. Pictet Asset Management Holding SA boosted its position in shares of Donaldson by 10,438.1% during the first quarter. Pictet Asset Management Holding SA now owns 1,801,481 shares of the industrial products company's stock worth $152,873,000 after purchasing an additional 1,784,386 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of Donaldson by 26,235.7% in the 4th quarter. William Blair Investment Management LLC now owns 1,707,872 shares of the industrial products company's stock valued at $151,420,000 after buying an additional 1,701,387 shares during the period. Norges Bank acquired a new position in shares of Donaldson in the 4th quarter valued at $120,186,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Donaldson in the 2nd quarter valued at $95,542,000. 82.81% of the stock is owned by institutional investors.

Donaldson Trading Up 0.8%

NYSE:DCI opened at $93.19 on Friday. The firm's 50 day moving average is $91.30 and its 200 day moving average is $90.77. Donaldson Company, Inc. has a 12 month low of $73.88 and a 12 month high of $112.84. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $10.80 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 2.11 and a beta of 0.92.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings data on Monday, June 1st. The industrial products company reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.01. The firm had revenue of $995.10 million during 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 business's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 EPS. Sell-side analysts expect that Donaldson Company, Inc. will post 3.96 earnings per share for the current year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.32 per share. 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 (DPR) is 34.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday. Robert W. Baird increased their target price on Donaldson from $95.00 to $105.00 and gave the stock an "outperform" rating in a report on Wednesday. Wells Fargo & Company set a $91.00 target price on Donaldson in a research note on Thursday, June 4th. Stifel Nicolaus reduced their price target on Donaldson from $96.00 to $91.00 and set a "hold" rating for the company in a research report on Thursday, June 4th. Finally, Wall Street Zen raised shares of Donaldson from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $99.50.

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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