Close Asset Management Ltd Raises Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Close Asset Management Ltd lifted its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 27.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,298,164 shares of the industrial products company's stock after acquiring an additional 283,060 shares during the period. Donaldson accounts for about 2.5% of Close Asset Management Ltd's investment portfolio, making the stock its 16th largest holding. Close Asset Management Ltd owned about 1.09% of Donaldson worth $87,074,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DCI. Accredited Investors Inc. grew its stake in shares of Donaldson by 9.8% in the 1st quarter. Accredited Investors Inc. now owns 4,664 shares of the industrial products company's stock worth $313,000 after buying an additional 415 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Donaldson in the 1st quarter worth approximately $2,967,000. GW&K Investment Management LLC boosted its stake in Donaldson by 2.0% during the 1st quarter. GW&K Investment Management LLC now owns 213,631 shares of the industrial products company's stock valued at $14,326,000 after purchasing an additional 4,205 shares during the last quarter. Gallacher Capital Management LLC purchased a new stake in Donaldson during the 1st quarter valued at $235,000. Finally, IFP Advisors Inc boosted its stake in Donaldson by 27.1% during the 1st quarter. IFP Advisors Inc now owns 3,488 shares of the industrial products company's stock valued at $234,000 after purchasing an additional 743 shares during the last quarter. Institutional investors own 82.81% of the company's stock.

Donaldson Price Performance

NYSE:DCI traded up $0.56 on Friday, reaching $71.83. 530,505 shares of the company's stock traded hands, compared to its average volume of 585,809. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 0.44. The stock has a 50-day simple moving average of $69.90 and a 200-day simple moving average of $68.43. The firm has a market cap of $8.37 billion, a PE ratio of 24.10, a P/E/G ratio of 1.86 and a beta of 0.98. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last issued its earnings results 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 firm had revenue of $940.10 million for the quarter, compared to analysts' expectations of $936.02 million. During the same period in the previous year, the firm posted $0.92 earnings per share. The business's revenue was up 1.3% compared to the same quarter last year. Equities research analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.30 per share. This is a boost from Donaldson's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.67%. The ex-dividend date was Monday, June 16th. Donaldson's payout ratio is presently 40.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Robert W. Baird raised their price target on Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. 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 note on Monday, April 14th. Wall Street Zen downgraded Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, Morgan Stanley restated an "underweight" rating and issued a $69.00 price target (up from $65.00) on shares of Donaldson in a research note on Friday, June 6th.

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.