Benjamin Edwards Inc. Sells 17,967 Shares of Donaldson Company, Inc. (NYSE:DCI)

Key Points

• Benjamin Edwards Inc. decreased its stake in Donaldson Company by 16.1%, selling 17,967 shares and now owns 93,825 shares worth approximately $6.29 million.
• Donaldson's latest quarterly earnings showed $0.99 EPS, exceeding analyst expectations, with revenue reporting $940.10 million, a 1.3% increase from the previous year.
• The company announced a quarterly dividend of $0.30 per share, representing an annualized yield of 1.7% with a payout ratio of 40.27%.

Benjamin Edwards Inc. trimmed its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 16.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,825 shares of the industrial products company's stock after selling 17,967 shares during the period. Benjamin Edwards Inc. owned approximately 0.08% of Donaldson worth $6,292,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Argent Trust Co lifted its stake in shares of Donaldson by 3.3% in the 4th quarter. Argent Trust Co now owns 4,739 shares of the industrial products company's stock valued at $319,000 after purchasing an additional 152 shares during the last quarter. Johnson Financial Group Inc. increased its position in Donaldson by 48.8% during the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 195 shares during the last quarter. State of Michigan Retirement System increased its position in Donaldson by 0.7% during the first quarter. State of Michigan Retirement System now owns 28,558 shares of the industrial products company's stock valued at $1,915,000 after acquiring an additional 200 shares during the last quarter. Xponance Inc. increased its position in Donaldson by 1.5% during the first quarter. Xponance Inc. now owns 13,872 shares of the industrial products company's stock valued at $930,000 after acquiring an additional 201 shares during the last quarter. Finally, USA Financial Formulas increased its position in Donaldson by 21.7% during the first quarter. USA Financial Formulas now owns 1,269 shares of the industrial products company's stock valued at $85,000 after acquiring an additional 226 shares during the last quarter. 82.81% of the stock is owned by institutional investors.

Donaldson Trading Up 1.9%

NYSE:DCI traded up $1.40 during midday trading on Tuesday, hitting $73.78. The stock had a trading volume of 436,154 shares, compared to its average volume of 481,352. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $78.95. The company has a market capitalization of $8.60 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 1.77 and a beta of 0.99. The stock has a 50-day moving average of $70.57 and a 200 day moving average of $68.66. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 0.44.

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

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, August 12th. Donaldson's dividend payout ratio (DPR) is 40.27%.

Analyst Upgrades and Downgrades

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

Donaldson 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.