Diversified Management Inc. Cuts Stock Position in Donaldson Company, Inc. $DCI

Key Points

• Diversified Management Inc. cut its Donaldson position by 82.6% in the second quarter, selling 15,629 shares and retaining 3,293 shares valued at approximately $296,000. Institutional investors collectively own 82.81% of Donaldson’s stock.
• Donaldson exceeded quarterly expectations, reporting $1.06 in EPS versus the $1.05 consensus and revenue of $995.1 million, up 5.9% year over year.
• The company declared a quarterly dividend of $0.32 per share, equivalent to a $1.28 annualized payout and a 1.3% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $97.83.

Diversified Management Inc. lessened its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 82.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,293 shares of the industrial products company's stock after selling 15,629 shares during the quarter. Diversified Management Inc.'s holdings in Donaldson were worth $296,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DCI. Leonteq Securities AG acquired a new position in shares of Donaldson during the fourth quarter worth $40,000. Clearstead Advisors LLC grew its stake in Donaldson by 92.6% during the 4th quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company's stock worth $53,000 after buying an additional 288 shares during the last quarter. Strive Financial Group LLC acquired a new position in Donaldson during the 4th quarter valued at about $57,000. Sachetta LLC acquired a new position in Donaldson during the 1st quarter valued at about $65,000. Finally, Steph & Co. raised its stake in Donaldson by 76.4% in the fourth quarter. Steph & Co. now owns 944 shares of the industrial products company's stock valued at $84,000 after buying an additional 409 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

Donaldson Stock Down 0.7%

DCI stock opened at $96.25 on Thursday. The company has a market capitalization of $11.16 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 2.22 and a beta of 0.92. Donaldson Company, Inc. has a 12 month low of $72.95 and a 12 month high of $112.84. The firm's fifty day simple moving average is $89.99 and its 200-day simple moving average is $91.06. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.35 and a quick ratio of 1.55.

Donaldson (NYSE:DCI - Get Free Report) last posted its earnings results on Monday, June 1st. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.01. The company had revenue of $995.10 million during the quarter, compared to the consensus estimate of $973.65 million. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 earnings per share. As a group, equities research analysts forecast that Donaldson Company, Inc. will post 3.96 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, August 17th. Donaldson's dividend payout ratio is currently 34.41%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DCI shares. Stifel Nicolaus cut their price objective on shares of Donaldson from $96.00 to $91.00 and set a "hold" rating on the stock in a report on Thursday, June 4th. Weiss Ratings raised shares of Donaldson from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, June 3rd. Wells Fargo & Company set a $91.00 price target on shares of Donaldson in a research note on Thursday, June 4th. Finally, Wall Street Zen raised shares of Donaldson from a "hold" rating to a "buy" rating in a report on Sunday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.83.

Donaldson Company Profile

Donaldson Company, Inc NYSE: DCI is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson's product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.

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