BlackRock Inc. Invests $1.07 Billion in Donaldson Company, Inc. $DCI

BlackRock Inc. bought a new stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,941,762 shares of the industrial products company's stock, valued at approximately $1,072,012,000. BlackRock Inc. owned about 10.30% of Donaldson at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DCI. Verdence Capital Advisors LLC boosted its position in shares of Donaldson by 1.2% in the 4th quarter. Verdence Capital Advisors LLC now owns 8,603 shares of the industrial products company's stock valued at $763,000 after purchasing an additional 101 shares during the period. TIAA Trust National Association raised its holdings in Donaldson by 2.0% during the 4th quarter. TIAA Trust National Association now owns 5,589 shares of the industrial products company's stock worth $496,000 after buying an additional 108 shares during the period. HB Wealth Management LLC lifted its stake in Donaldson by 3.8% during the first quarter. HB Wealth Management LLC now owns 3,502 shares of the industrial products company's stock valued at $297,000 after buying an additional 129 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Donaldson by 2.4% in the fourth quarter. Quadrant Capital Group LLC now owns 5,645 shares of the industrial products company's stock worth $500,000 after buying an additional 132 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Donaldson by 4.8% in the first quarter. Blue Trust Inc. now owns 2,925 shares of the industrial products company's stock worth $248,000 after acquiring an additional 133 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. 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 reduced their target price on Donaldson from $96.00 to $91.00 and set a "hold" rating for the company in a report on Thursday, June 4th. Wells Fargo & Company set a $91.00 price target on Donaldson in a report on Thursday, June 4th. Weiss Ratings raised Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday. Finally, Robert W. Baird raised their price objective on Donaldson from $95.00 to $105.00 and gave the stock an "outperform" rating in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $99.50.

Donaldson Stock Performance

NYSE:DCI opened at $93.19 on Friday. The firm has a market capitalization of $10.80 billion, a PE ratio of 25.05, a PEG ratio of 2.11 and a beta of 0.92. Donaldson Company, Inc. has a 1 year low of $73.88 and a 1 year high of $112.84. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35. The firm's fifty day simple moving average is $91.30 and its 200 day simple moving average is $90.77.

Donaldson (NYSE:DCI - Get Free Report) last released its earnings results 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. The firm had revenue of $995.10 million for the quarter, compared to analyst estimates of $973.65 million. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The company's revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 EPS. On average, sell-side analysts anticipate that Donaldson Company, Inc. will post 3.96 EPS for the current year.

Donaldson Dividend Announcement

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

About Donaldson

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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