Curated Wealth Partners LLC Invests $258,000 in Donaldson Company, Inc. (NYSE:DCI)

Curated Wealth Partners LLC bought a new stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,850 shares of the industrial products company's stock, valued at approximately $258,000.

Several other hedge funds also recently added to or reduced their stakes in DCI. IFP Advisors Inc boosted its stake in Donaldson by 94.5% during the 4th quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company's stock worth $185,000 after purchasing an additional 1,334 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Donaldson by 7.1% during the 4th quarter. JPMorgan Chase & Co. now owns 470,602 shares of the industrial products company's stock valued at $31,695,000 after acquiring an additional 31,064 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Donaldson by 38.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 574,146 shares of the industrial products company's stock worth $38,669,000 after purchasing an additional 158,487 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Donaldson by 26.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 64,501 shares of the industrial products company's stock valued at $4,344,000 after acquiring an additional 13,620 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its position in shares of Donaldson by 40.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 32,020 shares of the industrial products company's stock valued at $2,157,000 after purchasing an additional 9,159 shares during the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Stock Down 0.3%

DCI stock traded down $0.22 during mid-day trading on Thursday, hitting $69.57. 451,579 shares of the company were exchanged, compared to its average volume of 561,735. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $78.95. The firm has a fifty day simple moving average of $66.72 and a 200 day simple moving average of $68.74. The company has a market capitalization of $8.11 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99.

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 29.07% and a net margin of 11.56%. The firm had revenue of $940.10 million for the quarter, compared to analysts' expectations of $936.02 million. During the same period last year, the business posted $0.92 earnings per share. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. On average, research analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.30 per share. This is an increase from Donaldson's previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Monday, June 16th. Donaldson's dividend payout ratio is presently 40.27%.

Insider Transactions at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 28,500 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $69.22, for a total value of $1,972,770.00. Following the completion of the sale, the president now directly owns 28,334 shares in the company, valued at $1,961,279.48. This represents a 50.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James Owens sold 18,700 shares of the firm's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $62.02, for a total value of $1,159,774.00. Following the transaction, the director now directly owns 20,246 shares of the company's stock, valued at $1,255,656.92. This represents a 48.02% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.70% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Morgan Stanley reaffirmed an "underweight" rating and issued a $69.00 price objective (up from $65.00) on shares of Donaldson in a research note on Friday, June 6th. Wall Street Zen downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Finally, Stifel Nicolaus lowered their price objective on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Donaldson has an average rating of "Hold" and a consensus target price of $70.00.

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.