Curated Wealth Partners LLC Takes Position in Donaldson Company, Inc. (NYSE:DCI)

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

Other hedge funds have also modified their holdings of the company. IFP Advisors Inc raised its stake in shares of Donaldson by 94.5% in the fourth quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company's stock valued at $185,000 after acquiring an additional 1,334 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Donaldson by 7.1% in the fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Donaldson by 38.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 574,146 shares of the industrial products company's stock valued at $38,669,000 after acquiring an additional 158,487 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Donaldson by 26.8% in the fourth 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 in the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake 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 acquiring an additional 9,159 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 28,500 shares of Donaldson 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 sale, the president now owns 28,334 shares of the company's stock, valued at approximately $1,961,279.48. The trade was a 50.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Owens sold 18,700 shares of Donaldson stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 20,246 shares in the company, valued at $1,255,656.92. This represents a 48.02% decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.

Donaldson Stock Performance

Shares of NYSE DCI traded down $1.01 during midday trading on Friday, reaching $68.61. 623,838 shares of the company were exchanged, compared to its average volume of 563,015. 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 1 year low of $57.45 and a 1 year high of $78.95. The stock has a fifty day simple moving average of $67.11 and a 200 day simple moving average of $68.61. The stock has a market cap of $7.99 billion, a P/E ratio of 19.94, a PEG ratio of 1.82 and a beta of 0.99.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $936.02 million. During the same quarter last year, the company posted $0.92 earnings per share. The business's revenue 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Donaldson's previous quarterly dividend of $0.27. Donaldson's payout ratio is currently 40.27%.

Analysts Set New Price Targets

DCI has been the topic of several analyst reports. Stifel Nicolaus reduced their price objective on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Robert W. Baird increased their price objective on Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Wall Street Zen cut Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $70.00.

About Donaldson

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.