345,453 Shares in Donaldson Company, Inc. (NYSE:DCI) Acquired by Carnegie Investment Counsel

Carnegie Investment Counsel purchased a new stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 345,453 shares of the industrial products company's stock, valued at approximately $23,147,000. Carnegie Investment Counsel owned approximately 0.29% of Donaldson at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Donaldson by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company's stock valued at $856,509,000 after purchasing an additional 33,139 shares during the period. FMR LLC boosted its holdings in shares of Donaldson by 6.2% in the 4th quarter. FMR LLC now owns 3,994,275 shares of the industrial products company's stock worth $269,014,000 after buying an additional 231,424 shares during the last quarter. Geode Capital Management LLC increased its holdings in Donaldson by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 2,520,586 shares of the industrial products company's stock worth $169,804,000 after buying an additional 71,707 shares during the last quarter. Fiduciary Management Inc. WI increased its holdings in Donaldson by 19.9% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company's stock worth $148,795,000 after buying an additional 367,383 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Donaldson by 8.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,615,481 shares of the industrial products company's stock worth $108,804,000 after acquiring an additional 129,189 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Donaldson Stock Performance

Shares of DCI traded up $0.56 during trading hours on Friday, hitting $71.83. The company's stock had a trading volume of 530,507 shares, compared to its average volume of 495,446. The business has a 50 day simple moving average of $69.92 and a two-hundred day simple moving average of $68.47. Donaldson Company, Inc. has a 52-week low of $57.45 and a 52-week high of $78.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.94 and a quick ratio of 1.24. The company has a market cap of $8.37 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 1.85 and a beta of 0.98.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings data 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 company had revenue of $940.10 million during the quarter, compared to the consensus estimate of $936.02 million. During the same period last year, the firm earned $0.92 EPS. Donaldson's revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.67%. Donaldson's dividend payout ratio (DPR) is presently 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.