Impact Capital Partners LLC Acquires New Holdings in Donaldson Company, Inc. (NYSE:DCI)

Impact Capital Partners LLC purchased a new stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,630 shares of the industrial products company's stock, valued at approximately $378,000.

Other large investors have also recently bought and sold shares of the company. Argent Trust Co grew its position in shares of Donaldson by 3.3% in the fourth quarter. Argent Trust Co now owns 4,739 shares of the industrial products company's stock valued at $319,000 after purchasing an additional 152 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Donaldson by 43.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 180 shares during the period. CIBC Asset Management Inc grew its holdings in Donaldson by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company's stock valued at $252,000 after buying an additional 187 shares in the last quarter. Johnson Financial Group Inc. grew its holdings in Donaldson by 48.8% in the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock valued at $42,000 after buying an additional 195 shares in the last quarter. Finally, Truist Financial Corp increased its position in Donaldson by 4.9% during the 4th quarter. Truist Financial Corp now owns 6,199 shares of the industrial products company's stock worth $417,000 after buying an additional 290 shares during the period. 82.81% of the stock is owned by institutional investors.

Donaldson Price Performance

DCI stock traded up $0.18 during midday trading on Monday, reaching $70.56. The company had a trading volume of 471,607 shares, compared to its average volume of 563,306. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $78.95. The stock has a 50 day moving average price of $66.36 and a 200-day moving average price of $68.77. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99.

Donaldson (NYSE:DCI - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The company had revenue of $940.10 million during the quarter, compared to analysts' expectations of $936.02 million. During the same period in the previous year, the company earned $0.92 EPS. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. Equities research analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.30 dividend. This is a positive change from Donaldson's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.70%. Donaldson's dividend payout ratio (DPR) is presently 40.27%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DCI. Morgan Stanley reissued an "underweight" rating and issued a $69.00 target price (up previously from $65.00) on shares of Donaldson in a research report on Friday. Stifel Nicolaus cut their price objective on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a report on Monday, April 14th. Robert W. Baird raised their target price on shares of Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, Wall Street Zen downgraded shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $70.00.

Insider Transactions at Donaldson

In other news, President Thomas R. Scalf sold 28,500 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $69.22, for a total value of $1,972,770.00. Following the completion of the transaction, the president now directly owns 28,334 shares in the company, valued at approximately $1,961,279.48. This represents a 50.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Owens sold 18,700 shares of the firm's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $62.02, for a total value of $1,159,774.00. Following the sale, the director now directly owns 20,246 shares in the company, valued at approximately $1,255,656.92. This trade represents a 48.02% decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

Donaldson Company Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.