43,988 Shares in Donaldson Company, Inc. $DCI Acquired by Callan Family Office LLC

Key Points

• Callan Family Office acquired 43,988 shares of Donaldson Company, valued at approximately $3.95 million, while institutional investors collectively own 82.81% of the company.
• Analyst sentiment is broadly positive: Donaldson has a “Moderate Buy” consensus rating and an average price target of $99.50, despite one analyst cutting its target to $91.
• Donaldson exceeded quarterly expectations with $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.

Callan Family Office LLC bought a new position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 43,988 shares of the industrial products company's stock, valued at approximately $3,949,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DCI. Allworth Financial LP purchased a new stake in shares of Donaldson during the second quarter worth $29,000. Trust Co. of Vermont purchased a new position in Donaldson in the second quarter valued at $31,000. Leonteq Securities AG purchased a new position in Donaldson in the fourth quarter valued at $40,000. Clearstead Advisors LLC grew its stake in Donaldson by 92.6% during the 4th quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company's stock worth $53,000 after purchasing an additional 288 shares in the last quarter. Finally, Strive Financial Group LLC acquired a new position in Donaldson during the 4th quarter worth $57,000. Hedge funds and other institutional investors own 82.81% of the company's stock.

Analyst Ratings Changes

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

Donaldson Stock Up 0.8%

Donaldson stock opened at $93.19 on Friday. The company has a market capitalization of $10.80 billion, a P/E ratio of 25.05, a PEG ratio of 2.13 and a beta of 0.92. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.55 and a current ratio of 2.35. Donaldson Company, Inc. has a fifty-two week low of $73.88 and a fifty-two week high of $112.84. The stock has a 50-day simple moving average of $91.30 and a 200-day simple moving average of $90.77.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Monday, June 1st. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.01. The firm had revenue of $995.10 million for the quarter, compared to the consensus estimate of $973.65 million. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The firm's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS. Equities research analysts expect that Donaldson Company, Inc. will post 3.96 earnings per share for the current year.

Donaldson Dividend Announcement

The firm 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 dividend of $0.32 per share. The ex-dividend date is Monday, August 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. Donaldson's dividend payout ratio (DPR) is 34.41%.

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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