Avity Investment Management Inc. Acquires 125,498 Shares of Donaldson Company, Inc. $DCI

Key Points

• Avity Investment Management acquired 125,498 Donaldson shares worth approximately $10.9 million, representing 0.11% of the company. Institutional investors collectively own 82.81% of Donaldson.
• Donaldson exceeded quarterly expectations, reporting $1.15 in EPS versus a $1.13 consensus estimate and $1.06 billion in revenue, up 8% year over year.
• The company pays a quarterly dividend of $0.32 per share, or $1.28 annually, yielding about 1.5%. Analysts have a consensus “Moderate Buy” rating with an average price target of $101.67, compared with a recent share price of $87.05.

Avity Investment Management Inc. bought a new position in Donaldson Company, Inc. (NYSE:DCI - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 125,498 shares of the industrial products company's stock, valued at approximately $10,923,000. Avity Investment Management Inc. owned 0.11% of Donaldson at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP acquired a new stake in shares of Donaldson in the 2nd quarter valued at about $29,000. Trust Co. of Vermont bought a new position in shares of Donaldson during the second quarter worth about $31,000. Sachetta LLC acquired a new stake in Donaldson in the 1st quarter valued at approximately $65,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Donaldson in the 2nd quarter valued at approximately $83,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Donaldson in the 4th quarter valued at approximately $104,000. Institutional investors own 82.81% of the company's stock.

Donaldson Stock Down 0.1%

Shares of NYSE:DCI traded down $0.12 during midday trading on Friday, hitting $87.05. The stock had a trading volume of 492,616 shares, compared to its average volume of 716,559. The company has a market cap of $10.09 billion, a P/E ratio of 22.61, a PEG ratio of 2.01 and a beta of 0.87. Donaldson Company, Inc. has a 12 month low of $79.42 and a 12 month high of $112.84. The business's 50-day simple moving average is $91.15 and its 200-day simple moving average is $88.46. The company has a quick ratio of 1.41, a current ratio of 2.08 and a debt-to-equity ratio of 0.73.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. The company's quarterly revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts forecast that Donaldson Company, Inc. will post 4.33 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a dividend of $0.32 per share. The ex-dividend date was Monday, August 17th. This represents a $1.28 dividend on an annualized basis and a yield of 1.5%. Donaldson's dividend payout ratio (DPR) is presently 33.25%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DCI shares. Robert W. Baird raised their price target on shares of Donaldson from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Stifel Nicolaus set a $95.00 price objective on shares of Donaldson in a research report on Friday, August 28th. Wall Street Zen cut shares of Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, September 19th. Weiss Ratings raised shares of Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 20th. Finally, Morgan Stanley boosted their price target on shares of Donaldson from $91.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 29th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $101.67.

Donaldson Company Profile

Donaldson Company, Inc is a global manufacturer of filtration systems and related products. Founded in 1915 by Frank Donaldson, the company develops solutions that help protect engines, equipment, industrial processes and the environment from airborne and liquid contaminants.

Donaldson serves the engine and industrial markets. Its products include air and liquid filters, exhaust and emissions systems, hydraulic and fuel filtration products, dust and fume collectors, compressed-air and gas filtration systems, and filtration solutions for manufacturing, energy, transportation, agriculture, construction and other applications.

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