Bank of New York Mellon Corp Reduces Holdings in Donaldson Company, Inc. (NYSE:DCI)

Bank of New York Mellon Corp lowered its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 4.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,208,757 shares of the industrial products company's stock after selling 58,517 shares during the period. Bank of New York Mellon Corp owned about 1.01% of Donaldson worth $81,059,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Impax Asset Management Group plc grew its holdings in shares of Donaldson by 27.5% during the 1st quarter. Impax Asset Management Group plc now owns 878,632 shares of the industrial products company's stock valued at $58,130,000 after purchasing an additional 189,580 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of Donaldson by 22.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 3,697 shares of the industrial products company's stock valued at $248,000 after purchasing an additional 680 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Donaldson by 2.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 379,925 shares of the industrial products company's stock valued at $25,478,000 after purchasing an additional 7,663 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Donaldson by 162.5% during the 1st quarter. GAMMA Investing LLC now owns 2,428 shares of the industrial products company's stock valued at $163,000 after purchasing an additional 1,503 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Donaldson by 78.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,555 shares of the industrial products company's stock valued at $372,000 after buying an additional 2,435 shares during the period. Institutional investors own 82.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Stifel Nicolaus dropped their price target on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Robert W. Baird increased their price target on shares of Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Morgan Stanley reissued an "underweight" rating and set a $69.00 price target (up previously from $65.00) on shares of Donaldson in a research report on Friday, June 6th. Finally, Wall Street Zen cut shares of Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th.

Donaldson Trading Down 0.5%

Shares of NYSE:DCI traded down $0.34 on Monday, hitting $70.22. The company had a trading volume of 508,335 shares, compared to its average volume of 594,910. The firm's 50-day simple moving average is $69.48 and its two-hundred day simple moving average is $68.26. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $78.95. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 1.83 and a beta of 0.98.

Donaldson (NYSE:DCI - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The firm had revenue of $940.10 million during the quarter, compared to analysts' expectations of $936.02 million. During the same period last year, the company posted $0.92 EPS. The company's quarterly revenue was up 1.3% compared to the same quarter last year. Equities analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.30 per share. This is a positive change from Donaldson's previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Monday, June 16th. Donaldson's dividend payout ratio (DPR) is currently 40.27%.

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.