D.A. Davidson & CO. Purchases Shares of 3,809 Donaldson Company, Inc. (NYSE:DCI)

D.A. Davidson & CO. purchased a new stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,809 shares of the industrial products company's stock, valued at approximately $255,000.

Other large investors have also recently added to or reduced their stakes in the company. Colonial Trust Co SC bought a new position in Donaldson in the 4th quarter valued at $25,000. Johnson Financial Group Inc. boosted its position in shares of Donaldson by 48.8% in the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock worth $42,000 after purchasing an additional 195 shares during the last quarter. Wood Tarver Financial Group LLC acquired a new stake in shares of Donaldson during the fourth quarter worth $42,000. CX Institutional bought a new stake in Donaldson in the first quarter valued at about $53,000. Finally, UMB Bank n.a. lifted 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 buying an additional 693 shares during the period. Institutional investors and hedge funds own 82.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DCI. 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. Robert W. Baird boosted their price target on Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Morgan Stanley reissued an "underweight" rating and set a $69.00 price target (up previously from $65.00) on shares of Donaldson in a research report on Friday, June 6th. Finally, Wall Street Zen downgraded Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th.

Donaldson Stock Down 0.6%

Shares of DCI stock traded down $0.45 on Tuesday, reaching $69.80. 306,459 shares of the company were exchanged, compared to its average volume of 564,928. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 1.83 and a beta of 0.98. The company has a 50-day moving average of $69.48 and a 200-day moving average of $68.26. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.94 and a quick ratio of 1.24. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $936.02 million. During the same quarter last year, the firm earned $0.92 EPS. The company's quarterly revenue was up 1.3% compared to the same quarter last year. Analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.72%. This is an increase from Donaldson's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, June 16th. Donaldson's dividend payout ratio (DPR) is presently 40.27%.

Donaldson Company 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.