Ceredex Value Advisors LLC Takes $33.54 Million Position in Donaldson Company, Inc. $DCI

Key Points

• Ceredex Value Advisors acquired 373,600 Donaldson shares worth approximately $33.5 million, representing a 0.32% stake. Institutional investors collectively own 82.81% of the company.
• Analyst sentiment is favorable, with Donaldson holding a consensus “Moderate Buy” rating and an average price target of $99.50; Robert W. Baird recently raised its target to $105.
• Donaldson exceeded quarterly earnings and revenue expectations, reporting $1.06 in EPS and $995.1 million in revenue, while announcing a quarterly dividend of $0.32 per share, or a 1.4% annualized yield.

Ceredex Value Advisors LLC bought a new position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 373,600 shares of the industrial products company's stock, valued at approximately $33,538,000. Ceredex Value Advisors LLC owned 0.32% of Donaldson at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Trust Co. of Vermont bought a new position in Donaldson during the 2nd quarter valued at approximately $31,000. Leonteq Securities AG purchased a new position in shares of Donaldson during the fourth quarter valued at approximately $40,000. Clearstead Advisors LLC increased its stake in shares of Donaldson by 92.6% during the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company's stock valued at $53,000 after buying an additional 288 shares during the period. Strive Financial Group LLC bought a new position in shares of Donaldson during the fourth quarter valued at approximately $57,000. Finally, Sachetta LLC bought a new position in shares of Donaldson during the first quarter valued at approximately $65,000. 82.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Robert W. Baird lifted their price target on shares of Donaldson from $95.00 to $105.00 and gave the company an "outperform" rating in a report on Wednesday. Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a report on Thursday, June 4th. Weiss Ratings raised shares of Donaldson from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, June 3rd. Stifel Nicolaus decreased their price target on shares of Donaldson from $96.00 to $91.00 and set a "hold" rating for the company in a research note on Thursday, June 4th. Finally, Wall Street Zen upgraded shares of Donaldson from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $99.50.

Donaldson Price Performance

DCI opened at $92.34 on Friday. 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 company has a market cap of $10.70 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The stock has a fifty day simple moving average of $91.16 and a two-hundred day simple moving average of $90.75. Donaldson Company, Inc. has a 12-month low of $73.63 and a 12-month high of $112.84.

Donaldson (NYSE:DCI - Get Free Report) last announced its earnings results on Monday, June 1st. The industrial products company reported $1.06 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 analysts' expectations of $973.65 million. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The company's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 EPS. Research analysts predict that Donaldson Company, Inc. will post 3.96 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, August 17th. Donaldson's dividend payout ratio is 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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