Advisors Capital Management LLC purchased a new stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 44,638 shares of the industrial products company's stock, valued at approximately $4,007,000.
A number of other hedge funds have also bought and sold shares of the business. Vise Technologies Inc. acquired a new stake in shares of Donaldson in the second quarter valued at approximately $323,000. Somerville Kurt F bought a new position in shares of Donaldson in the second quarter worth $370,000. Aurora Investment Counsel acquired a new position in Donaldson in the second quarter valued at about $1,022,000. NewEdge Wealth LLC bought a new stake in Donaldson during the second quarter worth about $1,775,000. Finally, Diversify Advisory Services LLC acquired a new stake in Donaldson during the second quarter worth about $459,000. 82.81% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
DCI has been the subject of several analyst reports. Weiss Ratings upgraded shares of Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday. Wall Street Zen upgraded shares of Donaldson from a "hold" rating to a "buy" rating in a research report on Sunday, August 9th. Stifel Nicolaus cut their target price on Donaldson from $96.00 to $91.00 and set a "hold" rating for the company in a research note on Thursday, June 4th. Wells Fargo & Company set a $91.00 price target on Donaldson in a research note on Thursday, June 4th. Finally, Robert W. Baird boosted their price target on Donaldson from $95.00 to $105.00 and gave the stock an "outperform" rating in a report on Wednesday. Three investment 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 stock has an average rating of "Moderate Buy" and an average target price of $99.50.
Read Our Latest Report on Donaldson
Donaldson Stock Performance
NYSE:DCI opened at $93.19 on Friday. 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 company has a 50 day simple moving average of $91.30 and a two-hundred day simple moving average of $90.77. The company has a market capitalization of $10.80 billion, a PE ratio of 25.05, a P/E/G ratio of 2.11 and a beta of 0.92.
Donaldson (NYSE:DCI - Get Free Report) last issued 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. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The firm had revenue of $995.10 million for the quarter, compared to the consensus estimate of $973.65 million. During the same quarter in the previous year, the company earned $0.99 EPS. The company's revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts anticipate that Donaldson Company, Inc. will post 3.96 earnings per share for the current year.
Donaldson Announces Dividend
The firm also recently announced 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 is Monday, August 17th. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. Donaldson's dividend payout ratio is presently 34.41%.
Donaldson Profile
(
Free Report)
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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