Bank of New York Mellon Corp Takes $95.54 Million Position in Donaldson Company, Inc. $DCI

Bank of New York Mellon Corp acquired a new position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,064,301 shares of the industrial products company's stock, valued at approximately $95,542,000. Bank of New York Mellon Corp owned approximately 0.92% of Donaldson as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in Donaldson by 3,094.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 44,377 shares of the industrial products company's stock worth $3,934,000 after acquiring an additional 42,988 shares during the last quarter. Artemis Investment Management LLP purchased a new position in shares of Donaldson in the fourth quarter worth about $1,494,000. Swedbank AB lifted its holdings in shares of Donaldson by 2.6% during the fourth quarter. Swedbank AB now owns 528,100 shares of the industrial products company's stock worth $46,821,000 after purchasing an additional 13,300 shares during the period. Horizon Investments LLC purchased a new stake in Donaldson in the fourth quarter valued at approximately $4,154,000. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in Donaldson in the 4th quarter worth approximately $2,004,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Down 0.9%

NYSE DCI opened at $92.37 on Tuesday. The business's fifty day simple moving average is $91.42 and its 200-day simple moving average is $90.62. 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 firm has a market cap of $10.71 billion, a PE ratio of 24.83, a P/E/G ratio of 2.13 and a beta of 0.92. Donaldson Company, Inc. has a 52 week low of $75.28 and a 52 week high of $112.84.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings data on Monday, June 1st. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $973.65 million. During the same quarter in the prior year, the firm posted $0.99 earnings per share. Donaldson's quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that Donaldson Company, Inc. will post 3.96 earnings per share for the current year.

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.32 per share. The ex-dividend date is Monday, August 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. Donaldson's dividend payout ratio (DPR) is currently 34.41%.

Analysts Set New Price Targets

Several research analysts recently issued reports on DCI shares. Wall Street Zen raised shares of Donaldson from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Weiss Ratings upgraded shares of Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday. Wells Fargo & Company set a $91.00 target price on Donaldson in a research report on Thursday, June 4th. Robert W. Baird raised their price objective on Donaldson from $95.00 to $105.00 and gave the company an "outperform" rating in a report on Wednesday, August 19th. Finally, Stifel Nicolaus cut their price objective on Donaldson from $96.00 to $91.00 and set a "hold" rating for the company in a research report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $99.50.

Donaldson Company Profile

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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