Cwm LLC Buys 7,630 Shares of Donaldson Company, Inc. (NYSE:DCI)

Cwm LLC increased its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 72.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,204 shares of the industrial products company's stock after acquiring an additional 7,630 shares during the quarter. Cwm LLC's holdings in Donaldson were worth $1,221,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DCI. Colonial Trust Co SC acquired a new position in shares of Donaldson during the fourth quarter valued at about $25,000. Johnson Financial Group Inc. raised its stake in Donaldson by 48.8% during the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock worth $42,000 after buying an additional 195 shares during the period. Wood Tarver Financial Group LLC bought a new position in Donaldson in the fourth quarter worth approximately $42,000. CX Institutional bought a new position in Donaldson in the first quarter worth approximately $53,000. Finally, UMB Bank n.a. grew its stake in Donaldson by 220.0% in the first quarter. UMB Bank n.a. now owns 1,008 shares of the industrial products company's stock valued at $68,000 after acquiring an additional 693 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Down 0.5%

Shares of NYSE:DCI opened at $70.44 on Monday. The business's 50 day moving average is $69.82 and its 200 day moving average is $68.35. Donaldson Company, Inc. has a 12-month low of $57.45 and a 12-month high of $78.95. The stock has a market cap of $8.21 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 1.83 and a beta of 0.98. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 0.44.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings data 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 net margin of 9.94% and a return on equity of 28.86%. The firm had revenue of $940.10 million for the quarter, compared to the consensus estimate of $936.02 million. During the same period in the previous year, the firm earned $0.92 EPS. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. On average, sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, June 16th. This is a boost from Donaldson's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.70%. Donaldson's payout ratio is 40.27%.

Wall Street Analysts Forecast Growth

DCI has been the topic of a number of research reports. Stifel Nicolaus lowered their target price on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Wall Street Zen downgraded shares of Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Morgan Stanley reiterated an "underweight" rating and set a $69.00 price objective (up from $65.00) on shares of Donaldson in a report on Friday, June 6th. Finally, Robert W. Baird upped their target price on shares of Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th.

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.

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