64,958 Shares in Donaldson Company, Inc. $DCI Bought by SFE Investment Counsel

Key Points

• SFE Investment Counsel purchased 64,958 shares of Donaldson Company valued at approximately $5.83 million, representing a 0.06% stake; institutional investors collectively own 82.81% of the stock.
• Analyst sentiment is broadly positive, with three Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and an average price target of $97.83.
• Donaldson reported quarterly EPS of $1.06 and revenue of $995.1 million, both ahead of expectations, while declaring a $0.32 quarterly dividend equivalent to a 1.3% yield.

SFE Investment Counsel purchased a new stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 64,958 shares of the industrial products company's stock, valued at approximately $5,831,000. SFE Investment Counsel owned 0.06% of Donaldson at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Donaldson from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, June 3rd. Wall Street Zen upgraded shares of Donaldson from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Wells Fargo & Company set a $91.00 target price on shares of Donaldson in a research report on Thursday, June 4th. Finally, Stifel Nicolaus lowered their price target on shares of Donaldson from $96.00 to $91.00 and set a "hold" rating on the stock in a research note on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $97.83.

Donaldson Stock Up 0.3%

DCI stock opened at $96.03 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average price of $90.47 and a two-hundred day moving average price of $91.06. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 2.19 and a beta of 0.92. Donaldson Company, Inc. has a twelve month low of $72.95 and a twelve month high of $112.84.

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

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th. Donaldson's dividend payout ratio is 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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